condo Market

condo Market

CANADIAN CONDO MARKET

Canada’s condo market to dodge hard landing as population, job gains drive demand: study A contractor walks along the outer edge of a condominium under construction in downtown Vancouver. Ben Nelms/Bloomberg If you are sitting on the sidelines hoping for the condo market to crash, the Conference Board of Canada says you’ll have to wait. [...]

By |2017-01-04T01:02:25+00:00August 30th, 2013|Economy|0 Comments

NO HOUSING BUBBLE

Finance Minister Jim Flaherty said he isn’t planning new measures to restrain the country’s housing market because his past four rounds of action have already worked to avoid a bubble. Flaherty has warned consumers to avoid mortgages that could become unaffordable when borrowing costs rise, after Canadians took on record household debts relative to disposable [...]

By |2017-01-04T01:02:25+00:00August 22nd, 2013|Economy|0 Comments

Toronto condo prices to cool, not crash: RBC report

TORONTO - Prices will cool in Toronto’s booming condominium market in the year ahead, but concern about a bubble is overblown as demographics and strong investor demand will insulate the market from a crash, economists at Canada’s largest bank said on Tuesday. The research department at Royal Bank of Canada waded into the debate over [...]

By |2017-01-04T01:02:28+00:00July 26th, 2012|Economy|0 Comments