All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in Toronto: The market is hungry but houses are in short supply, degrading condo windows trigger wave of replacements and the surge in Toronto's housing prices is starting to alarm economists.
Elsewhere: A lake in Edmonton could be yours for $500,000, how bad is the U.S housing market and England enjoys a boom it hasn't seen in seven years.
The Toronto market is hungry, but houses are in short supply (The Globe and Mail)
Mr. Jelinek says the Polar Vortex effect during January likely didn’t have a big impact on the market. He’s had to cancel a few showings during blizzards but the bigger problem is that the sellers just weren’t listing. “Where am I going to move to?” is the common lament among those who already own houses, he says.
Since 2008, more than 40 per cent of the city’s proposed new residential units have been in the downtown-waterfront, and Vaughan represents about half of that area. Roughly one-fifth of Toronto’s population growth between 2001 and 2011 was in his ward.