Week In Review: House Price Correction Eases + Market Puzzles The Experts

Realosophy Team in Media RoundupToronto Real Estate News

TorontoOctoberPhoto Credit: See Toronto Now 

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in Toronto: Toronto housing price correction eases and the market is puzzling the experts - which is worrying.

Elsewhere: Canada's big housing markets are in a Goldilocks moment, Chinese citizens are buying opulent mansions in the United States and UK market looks cautious, citing a lack of momentum. 


Toronto housing price ‘correction’ eases: Report (Toronto Star)

The chill of Ontario’s new housing policies appears to have passed, with signs that Toronto real estate is recovering, according to a new report. In fact, some corners of the GTA market are showing a return to the bidding wars that were commonplace only last spring, says the third-quarter report from Royal LePage. 

The factors influencing Toronto’s real estate market this fall (and beyond) (Buzz Buzz News)


Canada's big housing markets in 'Goldilocks moment': Royal LePage (CBC)

Prices in Canada's five biggest housing markets are going up at a similar, healthy pace — the first time that has happened in six years, Royal LePage said Thursday in its latest national house price survey.

British Columbia eyes ‘all options’ to cool Vancouver housing market, finance minister says (The Star)

Vancouver’s million-dollar home prices aren’t just straining buyers, they’re holding back investment and businesses, said British Columbia’s finance minister, vowing to look at every option on the table to cool the market.

Signs of Canada's economic slowdown are no longer 'just a one-off blip' (Financial Post)

Getting a solid grip on the Canadian economy can be like a juggling act, not knowing whether the pins will remain in the air for an extended period or fall flat during any given month.

Court orders developer to reveal condo-flipper info (The Globe and Mail)
A Federal Court judge has approved at least one court order that will require a British Columbia developer to turn over information to tax officials about people who bought and flipped condo units before or during construction.
Chinese citizens buying opulent mansions in US (CNN)
A California realtor says there's been a recent boom in Chinese citizens buying multi-million-dollar mansions - and many pay cash.
Even at $15 an Hour, Need Is Close By (New York Times)
Sentiment in the market is now “flatter than at any point since last summer’s referendum result”, the Royal Institute of Chartered Surveyors said on Thursday, with 20 per cent more respondents noting a fall rather than a rise in demand from potential buyers.
Living in a more densely built area significantly lowers your risk of obesity. Such is the unavoidable conclusion of a new survey of British cities that compares obesity rates with housing density. The study, carried out by specialists at the universities of Oxford and Hong Kong, found that obesity rates were markedly lower in areas where homes were more tightly clustered.
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