Buyers return to Toronto’s housing market

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The only solution would be a return to a balanced market, with prices shifting no more than a couple percent per year. The first step the Ontario Liberal government took was to release the Ontario.

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The City of Toronto’s top-tier real estate market outperformed surrounding areas: sales over $1 million were up 13% year-over-year in the first half of 2019, while sales over $4 million steadied.

Sales rose 19% in July to 6,961, from 5,869 in the same period a year earlier, the Toronto real estate board reported Friday. Seasonally adjusted sales climbed 6.6% from June, making July the strongest month this year for resales, though it was still below the historical average.

Equity-rich properties rise as fewer go underwater Roughly 6.4 million U.S. homes were seriously underwater – worth 25% less than the mortgage owed – at the end of 2015, which is 11.5% of all properties with a mortgage. Arkansas reported 12% of its homes were seriously underwater at the end of 2015. Underwater U.S. properties declined by 9.2%

Toronto could soon turn into a buyer’s market, according to a new report by RBC. "Don’t be surprised if the Toronto-area market moves into a buyer’s market territory in the coming months.

TORONTO, July 10, 2019 /CNW/ – According to the Royal LePage House Price Survey 1 released today, the aggregate price of a home in the Greater Toronto Area (GTA) increased 2.6 per cent year-over.

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.

Davelle Morrison, a real estate agent with Bosley Real Estate Ltd., sees a quickening pace on the buyers’ side of the market as well. “Clients seem to be making up their minds faster than usual.” ms. morrison says house hunters used to take a lot of time to do their research and look around before making a decision.

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4 days ago · The latest numbers show prices are still dropping in Metro Vancouver’s housing market, with even condos declining for the first time in almost five years. But it seems the First Time Home Buyer Incentive program is doing nothing for most people trying to break into local real estate.