Buyers return to Toronto’s housing market

Greater Toronto Area housing sales and price increases have come off a boom that’s lasted a decade-and-a-half. But Royal LePage doesn’t foresee a crash, just a return to a balanced market, and.

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Toronto’s housing market was little changed in March as sellers stayed on. saying new stress tests continue to impact buyers’ ability to qualify for a mortgage. And it slammed a proposal to.

 · The Greater Toronto Area’s housing market is absorbing a considerable sales downturn, and it’s causing significant drag on the rest of the nation, reports the June numbers from the canadian real estate association. sales across Canada fell 6.7 per cent from May, and a full 11.4 per cent year over year, CREA finds.

 · Tax foreign buyers. The Toronto Real Estate Board is already pushing back against the possibility of this measure, arguing foreign buyers are a positive force in the local housing market.

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But sales and listings were down dramatically, ramping up competition among buyers in some neighbourhoods, according to the Toronto Real. reminiscent of the market prior to the cooling off period.

The Toronto Real Estate Board reported that sales of existing homes rose by 3.4 per cent in January from December on a seasonally adjusted basis, he adds. In Vancouver, a market tilted in favour of buyers is exerting downward pressure on prices, he explains, but in Toronto demand and supply are more balanced.

Two Toronto real estate agents say they are seeing fewer potential buyers attend open houses in the city as the local real estate market cools in the wake of the Ontario government’s new housing.

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After a dismal summer in Toronto-area real estate, market watchers are looking into September for shafts of light. Buyers are moving forward. Some are bold, others are tentative, but they are in motion. But just as buyers shake off their somnolence, sellers appear to be hesitating.

as desperate buyers bid prices ever higher. The bigger the bubble, the bigger the bust. The goal in Vancouver is to deflate the balloon before it pops. It’s a similar story in the Greater Toronto Area.

“I do think that foreign investors who want to invest in Canada will shift to Calgary, lured by the most attractive returns. s offshore buyer tax, implemented last summer, shows how fluid foreign.