Is the Toronto Real Estate Market Really Crashing?

July 27, 2017 Jelani Smith 0

Toronto’s Real Estate market conditions changed drastically after the implementation of new government policies, back in April 2017. Kathleen Wynne’s main objective was to cool the Toronto-area real estate market with the Ontario Fair Housing Plan. It appears that Wynne has met her goal of ‘cooling’ the market. As indicated in the latest TREB Market Watch, sales declined 37.3% YoY […]

Toronto Real Estate: Will Prices Drop Further?

June 18, 2017 Jelani Smith 0

Since the implementation of the Ontario Fair Housing Plan, Toronto real estate shifted, with year over year listings spiking 48.9% in May 2017. Home sales declined 20.3% and the Canadian Real Estate Association (CREA) to cut their forecast for Ontario. The average price dropped 6.1% from April to May, mostly a result of many buyers staying on the sidelines to […]

Do Canadians Still Have Confidence in the Housing Market?: Zoocasa Survey

May 16, 2017 Sheila O'Hearn 0

By: Sheila O’Hearn, Zoocasa Affordability in the housing market continues to be a hot topic, as home prices reach record highs in major cities, such as Vancouver and Toronto real estate markets. Combined with policy changes aimed at tightening mortgage qualifications, home ownership has become more challenging for first-time buyers, move-up buyers and downsizers. In addition, concerns about foreign and […]