All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in Toronto: Chronic undersupply continues to be a problem, a Toronto condo developer runs into trouble and the Trump show hits Toronto.
Elsewhere: House affordability improves in some parts of Canada, why not to worry about the U.S. housing market and more problems for Sweden.
Toronto’s housing crisis is about chronic undersupply (The Globe and Mail)
I have been analyzing housing markets since 1982, but I’ve only been active in the market a few times. During those 34 years, I have lived in seven different homes and apartments. Now that I’m looking to buy a home in Toronto, what I see in the numbers is becoming personal.
One of Toronto’s major condo developers warned investors it could be forced to sell some of its projects if it fails to stop Ontario’s new-home warranty organization from revoking its registration.
Trump vs. Trump: Inside Toronto's 5-star tower struggle (Toronto Star)
In a 29th-floor superior room at Toronto’s Trump International Hotel and Tower, you can eat Trump-branded chocolate wrapped like a bar of gold. Lounging on your king-sized bed in your Trump robe and Trump slippers, you can browse a moody black-and-white sales advertisement for Trump Residences — the luxury condominiums several floors above — that invites you to “own Toronto’s most influential address.”
We all know the Toronto housing market is hot right now, but did you know people were freaking out about it in 1988? A CBC television story by reporter Neil Macdonald (he looks like this now) is very telling.