All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in Toronto: Buyers finding it harder to move from condos to houses, condo buyers get what they pay for and too many rushing into becoming real estate agents?
Elsewhere: How HGTV has left viewers with beautiful kitchens and empty pockets and property booms in the latest US tax haven of Puerto Rico.
This week from Realosophy.com
Homebuyers face tougher time trading up from condo to house, TD warns (The Globe and Mail)
That means that “more choice and better affordability” in the condo market may well keep people from buying up to single family homes, as will the widening price difference that now stands at some $200,000.
It seems like every other person you meet is running out to obtain a real-estate licence these days, including the gas-station attendant who filled up my car last week. The numbers don’t lie: There are now upwards of 40,000 agents in the GTA alone, which is about double the Toronto Real Estate Board’s (TREB) count from just a decade ago. Even if everyone you know is jumping into home sales, it’s still worth carefully considering the costs associated with the business.