Market News – Page 2 – Dean Gibbons

Category Archives for "Market News"

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May 25

Slow Decline Of The Detached Home In Canada

Market News

Adapted from article BY JESSICA SMITH CROSS, THE CANADIAN PRESS Ontario’s anti-sprawl policies, which is the main cause of the current housing supply shortage in Toronto and the surrounding areas, are going to get tougher. Any future projects on undeveloped land will have to accommodate more people and jobs – a minimum of 80 per hectare, up […]

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May 15

Housing Market After The Fair Housing Legislation

Market News

On April 20th, your Liberal government tabled legislation aimed at cooling the GTA real estate market. The big piece was a 15% foreign buyer tax to eliminate the droves and droves of foreign buyers who are driving up prices. This has everyone talking right now. “Foreigners” must be to blame for home prices spiking by […]

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May 11

Strong Growth in New Listings in April

Market News

Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® entered 33.6 per cent more new listings into TREB’s MLS® System in April 2017, at 21,630, compared to the same month in 2016. New listings were up by double-digits for all low-rise home types, including detached and semi-detached houses and townhouses. New […]

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Feb 15

Chinese Foreign Buyers Being Locked Out

Investment , Market News

News out of China suggests that Chinese influence on Canada’s real estate market may be coming to an abrupt end due to new rules that lock their funds. The Chinese government announced surprise rules for the exchange of the yuan, which will restrict the outflow of currency. As capital flight intensified, China’s reserves have plunged, causing the […]

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Jan 17

Condo Flipping! What To Look For.

Market News

For years, HGTV has made a killing off showing the public how to flip homes.  Invariably, problems arise and there is tension between the contractor and the client.  Miraculously, all problems are wrapped up in a neat little box inside of 30 minutes of air time including commercial breaks. It’s a little different in real life.​For […]

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Jan 01

Bubbles and booms in Canadian real estate

Investment , Market News

Canadian real estate continues to experience an exciting boom in some markets, caused by some powerful positive forces in our economy. But it could be destroyed by ignorance, false comparisons and superficial research and analyses. Our media has been prone to publishing fallacious articles about what is happening here ever since The Economist magazine used […]

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Nov 17

CMHC Okay If Market Tanks

Market News

If the real estate market were to tank tomorrow, CMHC would be fine.  You’ll be screwed but CMHC will be able to weather the storm. For those who don’t know CMHC is responsible for the lovely lump sum insurance payment that is tacked on to your mortgage if you are purchasing with less than a […]

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