WHY DO RICH PEOPLE INVEST IN REAL ESTATE? And Are Regular Investors Missing Out? Question for you: Why do rich people invest in real estate? Housing prices are at an all-time high in Canada. It just seems so counter-intuitive! Over half a decade ago, financial planners and trusted portfolio advisors started to look for stable, steady returns that could actually beat inflation. The reason? Bond yields were weak and the equity market was volatile. Their clients wanted stable returns... [read more]

TORONTO'S HOUSE PRICES WILL LOOK LIKE THIS IN 10 YEARS, IF TRENDS KEEP UP HuffPost Canada has put together projections of house prices in Canada's largest cities, based on the trends seen over the past three years. The prognosis? Things are going to be really, really expensive, if this keeps up.  A single-family home in Toronto will run between $2.26-million and $3.58-million by 2026, by their projections. But the bad news doesn't just affect people who haven't... [read more]

TORONTO HOME SALES DROP MOST SINCE RECESSION AS NEW RULES PUT BRAKES ON MARKET Garry Marr, National Post Image courtesty of: Laura Gangi Sales of existing homes across the Greater Toronto Area dropped a whopping 20.3% in May from a year ago, while the average home price in the region fell about 6% from April, results based on the first full month of data following a major initiative by the Ontario government to cool Canada's biggest housing market.  The Toronto Real Estate... [read more]

TORONTO'S HOME PRICES IN LINE WITH OTHER WORLD CITIES Tess Kalinowski, Toronto Star  Image courtesty of: Toronto Star Bubble? What bubble? Toronto's soaring home prices are in line with the reality of other world cities such as New York, Hong Kong and London, says Mark Renzoni, president of global commercial real estate giant CBRE. "The market is fairly balanced. It's not being driven by foreign capital. It's being driven by Canadians, moving up, buying... [read more]

2016 WAS A RECORD YEAR FOR TORONTO REAL ESTATE... BUT WHAT ABOUT 2017? Toronto 2016 MLS sales are set to smash all previous highs with an estimate of 113,000 total residential sales. At the year end of 2016, the average price is now at $784,000 up 26% from a year earlier. Days on the market is down to 17 days, a drop of 28%. Active listings are down 36%. The current average price of a detached house in the 416 is $1.35M up 32% over 2015. The average price for a condo in the 416 is now... [read more]