By Christine Dobby   The Toronto condo market appears to be overheating and could soon be flooded with excess supply, says a new report from Bank of America Merrill Lynch Global Research. The report is a rare warning in a condo market that most analysts say will continue to be supported by low rental vacancy rates… Read More

Market watchers say the national average price in the spring was being skewed upward by sales in some expensive Vancouver and Toronto neighbourhoods. The 6.5 per cent annual gain is the smallest since January. CREA stats show the average selling price in September fell by a seasonally-adjusted 0.4 per cent from the month before. Big… Read More

In 2007, the line ran down the street, as people queued to get in on the action. Some apparently waited for days hoping to purchase a condo in a building to be built. With such demand, the developers kept upping the unit prices – literally posting the ever-rising prices on a billboard. The penthouse, for… Read More

By Brendan Kennedy Staff Reporter Toronto’s condo boom is not slowing down anytime soon as the latest statistics show the city is building more high rises than anywhere else in North America. The September 2011 data from German research company Emporis — the world’s largest source of information on multi-storey buildings — is included in… Read More

TORONTO (Reuters) – Canadian house prices rose in the third quarter as very low interest rates supported consumer confidence even as signs of softening in some regions point to a broader slowdown in the months ahead. The country’s leading real estate broker said on Wednesday the average price of a home in Canada increased between… Read More

The Canadian Press CTV.com MONTREAL — Canada’s housing market stands out globally for its strength but economic uncertainty and weaker consumer confidence could keep potential new buyers on the sidelines, a Scotia Economics report says. “Overall, you’re probably in an environment where businesses and consumers will be a little bit more cautious and that would… Read More

TORONTO (Reuters) – Resale home prices rose to a record high in July, their eighth consecutive monthly gain, according to report on Wednesday that an analyst said signaled a gradual slowdown in a strong market. The monthly report on the Teranet-National Bank Composite House Price Index, which measures price changes for repeat sales of single-family… Read More

By Susan Pigg Business Reporter Andrew la Fleur likes to boast that he owns the smallest condo in Toronto right now — a 301 square foot studio in the Regent Park redevelopment. But he knows his bragging days are numbered. Slated to open in spring 2013 is the newest small thing to hit Toronto’s exploding… Read More

by Paul Moloney Urban Affairs Reporter The city’s housing company has given up plans to build a 322-unit affordable housing building in the Railways Lands condominium development west of the Rogers Centre. The large 1.2-hectare (3-acre) site sits beside Canoe Landing Park, the park with the big red canoe that serves residents of nearby condo… Read More

TORONTO—A Scotia Economics report says Canada’s housing market is cooling, but at a slower pace than most other markets in the developed world. Scotiabank’s latest real-estate outlook said Tuesday that Canada is showing a resilience that few other countries have been able to maintain. “In the majority of the major markets we track in North… Read More