All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in Toronto: Trudeau meets with Tory with housing funding for Toronto on the docket, the stars align for affordable housing and a slowing market will not create bargains in the big smoke.
Elsewhere: Housing starts slow in Canada but 2015 was solid as a whole, U.S. tracks secret buyers of American real estate and another blow for London's property market.
Senior members of the Liberal government are “engaged very closely” with the City of Toronto on a number of infrastructure projects and funding could be forthcoming in the upcoming budget, Prime Minister Justin Trudeau suggested at a news conference on Wednesday.
The stars align for affordable housing in Toronto (The Globe and Mail)
The stars are in perfect alignment for comprehensive action on affordable housing. Prior to the recent federal election, both the City of Toronto and the province of Ontario were poised to embrace affordable housing as a fundamental building block of a healthy society. At the time, the only missing star in the galaxy was at the federal level.
A major Toronto real estate company is predicting the “frenetic” price growth of Toronto’s housing market will slow in 2016—but not quite enough for many young people dreaming of home ownership to break into the market.
Many real estate agents were busier than usual in December as mild weather and buyer enthusiasm kept the market humming in the Greater Toronto Area. Janet Lindsay, an agent with Chestnut Park Real Estate Ltd., says she has had one large sale already to start 2016.