All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in Toronto: The first signs of a real estate bubble are here and Mayor John Tory declines to make a decision on the market.
Elsewhere: The province of British Columbia passes a landmark ruling on foreign real estate investment, Americans in Vancouver feel the backlash and choas for London's post-Brexit housing market.
First Signs of a Real Estate Bubble in Toronto? (Move Smartly)
But my approach is to continually assess new evidence against theory and a fair bit has changed in seven months which is nudging me towards believing that — for the first time in thirty years — we are beginning to see bubble-like signs in Toronto’s real estate market.
Toronto’s mayor said on Thursday he’s not going to rush into a policy decision about his city’s red-hot housing market, despite heightened scrutiny after British Columbia intervened to cool the country’s other housing hot spot.
I find I’m thinking about real estate much too much these days. You know when you want something sweet to eat, and it’s barely a registered thought, but then you catch your brain going marsbarmarsbarmarsbar? Like a tic? It’s been like that.
Gleason said TREB shouldn't have to change its practices until the court can hear its pending motion for a longer-term stay, one that would remain in effect until a ruling on the board's appeal of the Competition Tribunal's ruling.