Latest statistics are pointing to the once-thriving pre-construction condo market in Toronto and the GTA (Greater Toronto Area) having hit a historic law, sending shockwaves through the real estate industry and leaving many buyers in a precarious position. What I am seeing in my every-day practice is that this downturn has created a perfect stormContinue reading “Toronto pre-construction condo market plummets, leaving buyers in limbo”
Tag Archives: mortgage rates
latest data shows 19.2% surge in Canadian home sales
2025 looks set to be a better year for the Canadian housing market, with recent data from the Canadian Real Estate Association (CREA) showing the number of homes sold in December rose 19.2% compared to the same period last year. Despite the challenging economic climate that we are in right now, the latest figures signalContinue reading “latest data shows 19.2% surge in Canadian home sales”
tumultuous week for housing market amid economic and policy shifts
This past week we saw a whirlwind of developments in Ontario, from rising mortgage rates, employment challenges, government rate cuts, and debates around immigration’s impact on GDP. This reflects the complexities of the rapidly changing economic and policy landscape and also highlights both the vulnerabilities and potential shifts in Canada’s housing and economic framework. TheContinue reading “tumultuous week for housing market amid economic and policy shifts”
SP Singh Ahluwalia 