TRREB: HIGH INTEREST RATES IMPACTING THE MARKET, BUT POPULATION GROWTH WILL SOON SPUR DEMAND
Monday, 23 October 2023
The impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth continued to weigh on GTA home sales in September. However, despite the market being better-supplied with listings, the average selling price was up year-over-year. “The short and medium-term outlooks for the GTA housing market are very
- Published in Real Estate news
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GTA HOME SALES HIT NEW NOVEMBER RECORD WHILE LISTINGS DROP
Friday, 03 December 2021
TORONTO, ONTARIO, December 3, 2021 – Home sales reached a new record for the month ofNovember, and the average selling price also reached a new all-time high. New listings were downsubstantially compared to last year for all market segments – further highlighting the inherent supplyissue across all home types in the Greater Toronto Area (GTA).GTA
- Published in Real Estate news
Housing crisis? What crisis? Canada has struggled to house people for decades
Friday, 12 November 2021
A fresh approach to rationing land for new development is needed to avoid another 50 years of housing failure What does that mean for Real Estate? Mortgage interest rates are correlated to the rates in the bond market so, as bond yields rise, banks will raise their mortgage rates. For commercial markets, the result is
- Published in Real Estate news
Rising Bond rates and what that means for real estate
Thursday, 21 October 2021
Bond yields are rising What does that mean for Real Estate? Mortgage interest rates are correlated to the rates in the bond market so, as bond yields rise, banks will raise their mortgage rates. For commercial markets, the result is that capitalization rates will reduce as mortgage rates rise. With less net income, buyers will
- Published in Real Estate news
The future GM campus is now under way
Monday, 05 November 2018
Excerpt from www.721eastern.ca On March 31, 2017 General Motors of Canada Company (“GM Canada”) submitted Zoning By-Law Amendment (ZBA) and Plan of Subdivision applications for the redevelopment of 721 Eastern Avenue, and on October 30, 2017 an Official Plan Amendment was submitted to permit a vehicle dealership on the Site. On November 30, 2017, GM
- Published in Real Estate news