toronto
High borrowing costs, record condo completions lead to oversupply in Greater Toronto
Greater Toronto Area-real estate watchers say the combination of high interest rates and an uptick in new condo units coming online has led to an oversupply that will take time to balance out.
Toronto-area home sales decline in August, but rate cut could spur activity: board
The Toronto Regional Real Estate Board says home sales in August fell from last year as average home prices edged lower.
Greater Toronto home sales ticking downward despite interest rate drops: TRREB
The Toronto Regional Real Estate Board says home sales in July were up from last year but down from a month earlier, despite a jump in listings.
Vast majority of Greater Toronto new condo investors losing money every month: report
Toronto’s condo market is under pressure, with a new report revealing a significant increase in cash-flow negative investors in newly completed condos.
Home sales in Canada’s largest cities picked up in June, but remain sluggish
The Bank of Canada’s rate cut last month likely contributed to the uptick in resale activity, but experts caution that the market remains sluggish by historical standards.
Greater Toronto home sales down 16% in June despite Bank of Canada’s rate cut: board
The Toronto Regional Real Estate Board says home sales in June declined 16.4% from last year, with many potential buyers staying on the sidelines despite the highly anticipated Bank of Canada interest rate cut.