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Can You Get 400% ROI From Investing In Toronto Condos?

Originally posted on: March 28, 2015
Last updated on: June 15, 2016
Filed under: condo investment investment financials toronto condos new condos real estate investment roi condo deals pre-construction condos


Originally posted on: February 18, 2015
Last updated on: February 18, 2015
Filed under: art shoppe condos midtown condos midtown yonge and eglinton yonge and eglinton condos new condos toronto condos art shoppe art shoppe condo

Hold your breath Yonge and Eglinton buyers. Art Shoppe Condos is coming to midtown

Originally posted on: February 6, 2015
Last updated on: February 18, 2015
Filed under: art shoppe condos midtown condos midtown yonge and eglinton yonge and eglinton condos new condos toronto condos art shoppe art shoppe condo

Our 5 Favourite New Toronto Condo Developments Of 2014

Originally posted on: January 29, 2015
Last updated on: January 29, 2015
Filed under: monde condos new condos toronto condos condos toronto condo yc condos 50 wellesley alter condos code condos forest hill yonge college yonge wellesley east bayfront waterfront condos toronto waterfront

Seasons Greetings | Merry Christmas & Happy New Year

Originally posted on: December 25, 2014
Last updated on: December 31, 2014
Filed under: 2015 new year 2015 year christmas merry christmas love joy gift giving seasons greetings thank you holiday holiday season grateful best wishes

A correction in the Canadian housing market? Not gonna happen!

October 25, 2011 - Updated: October 25, 2011

There's been talk of a price "correction" in the Canadian housing market swirling in real estate and economic circles for some time now, but a new report by the Canada Mortgage and Housing Corp says that the much anticipated correction may no longer be in the cards.

The CMHC's third quarter outlook forecasts that the market will ease slightly but "remain steady" through the remainder of 2011 as well as 2012.


The national housing agency recently revised its 2011 housing starts outlook upward to 183,200 from 179,500 in its second quarter report. It also predicted that the number will rise in 2012 to 183,900.

"Housing starts have been strong in the last few months, but are forecast to moderate closer in line with demographic fundamentals," said Mathieu Laberge, Deputy Chief Economist for the CMHC, in a statement issued on Wednesday.

"Despite recent financial uncertainty, factors such as employment, immigration and mortgage rates remain supportive of the Canadian housing sector," he explained.

The report also noted that existing home sales will be in the range of 425,000 to 472,000 units in 2011, which is essentially the same level as 2010. MLS sales in 2012 are anticipated to move up in the range of 407,500 to 510,000 units. If you're looking for something exact, the "point forecasts" for 2011 and 2012 are 446,700 and 458,000, respectively.

The CMHC's report contradicts a TD Economics report issued in July. TD forecast a correction over the next two years, with resale activity declining by 15.2 per cent and average national prices dropping by 10.2 per cent.

Is this the beginning of a serious beef between TD and CMHC economists? Not likely, but the two reports do present diverging views of the future of the Canadian housing market.

According to TD economists, "A combination of more subdued job and household income growth, rising interest rates, the recent tightening in borrowing rules for insured mortgages and fewer first-time home buyers are expected to be the chief culprits behind the slowdown."

Over at CMHC, the outlook is obviously a bit brighter. One of the main reasons behind this is the call later in the summer by Ben Bernanke, Chairman of the US Federal Reserve, for interest rates to remain at rock bottom into 2013.

Because of the rock-bottom interest rates, Laberge expects "mortgage rates will be flat this year and to start increasing only late in 2012."

While it would be fun to have the economists at CMHC and TD meet by the flagpole after school, we suspect that time will resolve this difference in opinions.

Tagged with: real estate news sunny batra
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