All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in Toronto: Analysts calling housing market a house of cards and building code changes bring their challenges.
Elsewhere: Trudeau enters the housing discussion, U.S housing starts dip and it's not just London going through a crisis.
Toronto's Real Estate Market Is A House Of Cards (NOW Magazine)
For a long time we've known that Toronto's hot house and condo market was entering uncharted territory. As early as 2010, Canadian Centre for Policy Alternatives senior economist David Macdonald warned that Toronto (along with other Canadian cities) was experiencing housing price increases that were "outside of their historic comfort zone."
‘The party will come to an end,’ TD says of housing in Toronto, Vancouver (The Globe and Mail)
Vancouver and Toronto will soon be calling it a night, Toronto-Dominion Bank says. But the end of their housing “party” won’t be bad, and won’t happen until next year, the bank said in a new report.
Code changes bring learning curve (The Toronto Star)
“It hasn’t been a walk in the park,” said David Moses of Moses Structural Engineers, who is working on both Heartwood The Beach and Cabin Toronto. He worked in B.C. for a decade and moved to Ontario 10 years ago, and so he has a background in multi-storey wood structures. “We’re telling clients that even before they’ve bought the property to get us involved, including the city.”