Trends in Toronto house prices: Tweet from Jennifer Keesmaat, Chief Planner, City of Toronto

The image is from the May 10, 2017 Better Dwelling article that is highlighted at the post you are now reading.

The image is from the May 10, 2017 Better Dwelling article that is highlighted at the post you are now reading.

A May 10, 2017 Better Dwelling article is entitled: “Toronto Homeowners List Detached Homes For Sale At A Record Pace: Toronto homeowners are listing detached homes for sale at a rapid pace, with new listings soaring over 61% last month.”

We owe thanks to a May 11, 2017 tweet from Jennifer Keesmaat, Chief Planner, City of Toronto, for bringing out attention to the article. In her tweet, she shares a link to the above-noted article and comments:

“Despite the flood of inventory, prices continue to increase. Record supply, and record prices. Think about that for a minute.”

Mid-rise developments; housing supply; Moody’s

A May 5, 2017 Globe and Mail article is entitled: “Defanging the housing price monster: Mid-rise developers say proximity to transit mitigates investment risk.”

A May 8, 2017 Toronto Star article is entitled: “Toronto has too much housing despite overall population growth: report. Ryerson researchers found population declines or freezes in most neighbourhoods over the last 30 years.”

A May 11, 2017 CBC article is entitled: “Moody’s downgrades credit ratings for Canada’s Big 6 banks: Ratings agency cites debt level, high house prices as reason for concern.”

A May 15, 2017 Toronto Star article is entitled: “Toronto sees April home prices grow as listings soar: Toronto region sales were down but prices still growing, says the Canadian Real Estate Association. Some experts feel the market is becoming more balanced but it’s not a buyer’s market yet.”

A May 20, 2017 CBC article is entitled: “Canada’s housing boom has 30% chance of going bust, Goldman Sachs says” But there’s a catch — the bank views ‘bust’ as beginning with a price decline of as little as 5%.”

A May 22, 2017 CBC article is entitled: “Toronto area housing market has a ‘missing middle,’ new report says: Research on housing affordability suggests GTHA lacks mid-level housing like ‘townhouses, duplexes, triplexes'”.

A May 23, 2017 CBC article is entitled: “Is your condo board above board? Tips for evaluating condo governance: Condo corporations are effectively a 4th level of government, says one expert.”

A may 23, 2017 Metro News article is entitled: “Obsession with home ownership driving Toronto affordability crisis, report finds: The Toronto area will need up to $150 billion in new home construction in the coming decade and most of that should be rental units, says a report from the Canadian Centre for Economic Analysis.”

A May 26, 2017 CBC article is entitled: “Condo clash: Owners push out serial board members who didn’t actually live in the building: Multiple board members at Five condo building to resign Friday in wake of CBC Toronto investigation.”

A May 26, 2017 CBC article is entitled: “Here’s how condo dwellers are getting creative, hacking their spaces and forcing innovation: Living in closer quarters means having to find new ways to make high-rise life liveable.”

A May 30, 2017 CBC article is entitled: “CMHC insurance volumes plunged 41% after mortgage rules tightened: Housing agency now backing $502 billion in Canadian mortgages.”

A June 6, 2017 CBC article is entitled: ‘The market has changed’: Buyers welcome cool-down in Toronto housing market: Prices still higher than they were a year ago, but buyers find they have time to breathe now.”

A June 13, 2017 BlogTO article is entitled: “Toronto home sales continue to plummet.”

A June 4, 2017 Toronto Star article is entitled: “Is ‘density’ a dirty word in a growing Toronto? Residents of several older neighbourhoods oppose large developments that, they say, will overcrowd their communities.”

A June 25, 2017 CBC article is entitled: “Coming soon to a mall near you: condos and office space: Redevelopment of malls means less retail, more entertainment.”

 

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