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1. toronto.citynews.ca › 2024/06/25 › inside-torontosInside Toronto's slumping condo market - CityNews Toronto

   toronto.citynews.ca › 2024/06/25 › inside-torontos

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   4 days ago · Last Updated June 25, 2024 11:43 am. There’s a record number of Toronto condominiums on the market right now, and despite record immigration, and an ever-worsening housing crisis, nobody seems to want to buy them. Diana Zlomislic is a housing reporter for The Toronto Star. “I think what happens with the central bank, whether they ...

2. storeys.com › toronto-housing-bubble-risk-2023Toronto Housing Bubble Risk Subsides, But Market Overvalued

   storeys.com › toronto-housing-bubble-risk-2023

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   Sep 22, 2023 · Rising interest rates and soaring inflation have helped to quell Toronto’s risk of a housing bubble, but the city’s real estate market remains woefully overvalued. Toronto placed seventh on the newly released UBS Global Real Estate Bubble Index 2023, with a score of 1.21.

3. www.moneysense.ca › spend › real-estateToronto housing bubble: Is it ready to pop? - MoneySense

   www.moneysense.ca › spend › real-estate

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   Nov 22, 2023 · The average home price in Toronto surged by a staggering 489% from 2000 to 2022, according to the Toronto Real Estate Board (TRREB). This rapid price growth has raised concerns about the...

4. www.theglobeandmail.com › business › article-torontoToronto is awash in new condo listings - The Globe and Mail

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   2 days ago · In May, there were roughly 1,300 condo sales in Toronto, down 23 per cent from a year earlier, according to TRREB’s monthly report.The average sale price fell 2.3 per cent to around $767,000. At ...

5. financialpost.com › real-estate › great-torontoHas the great Toronto condo boom finally hit a wall?

   financialpost.com › real-estate › great-toronto

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   Apr 23, 2024 · A report from condominium research firm Urbanation this week showed sales of new condo units in The Greater Toronto and Hamilton Area (GTHA) reaching levels reminiscent of the late 1990s in the first three months of the year, with just 1,461 new condo units sold.

6. www.ctvnews.ca › business › canada-is-sitting-on-oneReal estate in Canada: Will the bubble burst? | CTV News

   www.ctvnews.ca › business › canada-is-sitting-on-one

   Aug 30, 2023 · An analyst who describes Canada as sitting on one of 'the largest housing bubbles of all time' warns that if it bursts, the country could be thrown into a deeper recession than forecasted.

7. People also ask

   Is Canada sitting on a housing bubble?

   • Canada is sitting on one of the largest housing bubbles 'of all time,' an analyst says. What happens if it bursts? An analyst who describes Canada as sitting on one of " the largest housing bubbles of all time" warns that if it bursts, the country could be thrown into a deeper recession than forecasted.

   Real estate in Canada: Will the bubble burst? | CTV News

   www.ctvnews.ca/business/canada-is-sitting-on-one-of-the-largest-housing-bubbles-of-all-time-an-analyst-says-what-happens-if-it-bursts-1.6540980

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   How bad will Toronto's real estate market be by the spring?

   • Toronto’s real estate market will crash 30% or more by the spring, economists say. How bad will it be? The biggest housing bubble in the world is popping and prices are predicted to crash by 30% or more as the country slides into recession. It could be the early 1990s all over again.

   Toronto’s real estate bubble is finally bursting

   www.thestar.com/business/toronto-s-real-estate-market-will-crash-30-or-more-by-the-spring-economists-say/article_cc6d1f62-0a1c-5e7e-9d34-40c69cd714fb.html

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   Are house prices a big headline about a housing bubble?

   • HOUSE PRICES TO RELATIVE INCOME Colmar argues that those looking for a "big headline about a housing bubble" should be keeping an eye on the disparity between house prices and incomes. He warns that decades of low interest rates in Canada "seduced a lot of home buyers" and has led to "excessive leverage backing up the whole system."

   Real estate in Canada: Will the bubble burst? | CTV News

   www.ctvnews.ca/business/canada-is-sitting-on-one-of-the-largest-housing-bubbles-of-all-time-an-analyst-says-what-happens-if-it-bursts-1.6540980

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   What is a housing bubble?

   • A housing bubble emerges as property prices skyrocket to unsustainable levels, fuelled by speculative investment, where individuals buy with the primary goal of future profits, and by irrational, overly optimistic purchases regardless of intrinsic value. This phenomenon can result in a precarious and artificially inflated real estate market.

   Toronto housing bubble: Is it ready to pop? - MoneySense

   www.moneysense.ca/spend/real-estate/toronto-housing-market-bubble/

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8. www.theglobeandmail.com › real-estate › torontoSellers seize on rate drop to enter housing market - The ...

   www.theglobeandmail.com › real-estate › toronto

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   3 days ago · She accepted a lower sale price than she was expecting, he says, but so far the sellers she has been negotiating with are unwilling to bend. “She was told she was going to get $1.4-million for ...