Canada: Real estate board predicts ‘policy ceiling’ will curb Toronto homes prices

New federal mortgage rules are creating a “policy ceiling” that will curb Toronto’s soaring house prices this year, measures that would be partly offset by another Bank of Canada rate cut, the local real estate board said in a new forecast. Average housing prices in the Greater Toronto Area (GTA) jumped nearly 10 per cent […]

manager No Comments January 19, 2016 9:52 am

Canada:Toronto house prices surge 10 per cent in March; no relief in sight

House prices shot up 10 per cent in March over a year ago driven largely by fierce competition, more demand for higher-end homes and a stunning 15.9 per cent jump in the price of detached homes in the City of Toronto. There is no relief in sight for beleaguered buyers as Toronto heads into what’s […]

manager No Comments April 13, 2015 8:25 am