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 for the first time," he told the Star, following a speech at CBRE's annual market forecast event. [read more]

This week's census data reveals that home ownership rates in Canada are dropping and that young people, in particular, are more likely to be living in rentals or at home. If you combine rising student debt, wage stagnation and job insecurity, and rising house prices in many Canadian cities then this trend isn't at all shocking.This week's census data reveals that home ownership rates in Canada are dropping and that young people, in particular, are more likely to be living... [read more]

Who do you know that is afraid of the “Bubble”? They want to Buy, but they are undecided, because they think the market is going to crash, and prices will fall. First of all, we are not in a “bubble”.  The housing prices in Durham Region have been undervalued for years, compared to other areas outside of the GTA. Buyer demand from Markham & Stouffville, funnelling in from across the 407 and Buyers from the City of Toronto & Scarborough, funnelling in from... [read more]