Toronto Real Estate Roundup July 22nd 2011

John Pasalis in Real Estate Roundup   

Condo development not excessive    

Condo construction in Toronto is strong but not excessive according to an RBC report. The report also forecasts price increases over the next couple of years to be minimal at best.

Canadian home resale market forecast update: still heading toward moderation - pdf (RBC)

Too many condos? Not necessarily, Says RBC (Toronto Star)

Housing prices to weaken in most markets (Globe and Mail)

Canada home property market set to cool: RBC (Reuters)


CREA set to open up MLS data to third party websites

According to the Globe and Mail the Canadian Real Estate Association is planning to open up it's database of real estate listings to third party websites. (Read our take on these developments here.)

Websites to fill vacuum for Canadian real estate listings (Globe and Mail)


Canadian Home Sales Up 2.6% in June

The average price for a home in Canada increased by 8.7% over the same month last year

Canadian home sales pick up in June (CREA)

Canada June Existing Home Sales (Globe and Mail)

Home sales rise while prices ease (Bloomberg)


Is a Home a Lousy Investment?

An expert looking at real estate in California argues that “while houses are possessions and part of a good life, they are not always good investments on the road to financial independence.”

A Home Is a Lousy Investment (WSJ)


Urban Planning 

Why do we feel like there are actual grown-ups planning and running the subway in NYC vs Toronto?

Subway Crush No Longer Gets Weekends Off (NYTimes)

How Mississauga's waterfront got ahead: by learning from Toronto's mistakes (Globe and Mail)

Other Real Estate News

Condo sales as hot as the weather (Toronto Star)

Toronto housing kicks off July strong (National Post)

Carney vows caution on raising interest rates (Globe and Mail)

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John Pasalis is the Broker Owner of Realosophy Realty Inc in Toronto. Realosophy focuses on researching Toronto neighbourhoods to help their clients make smarter real estate decisions. Email John

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