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Showing posts from September 20, 2021

IS IT POSSIBLE TO STILL GET INTO THE TORONTO REAL ESTATE MARKET?

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  CAN  YOU AFFORD TO BUY REAL ESTATE IN TORONTO IN 2021? Watch this interesting interview from City TV broadcast on 17 September 2021. As in Toronto, so in Canada. Here are the latest price/sales forecasts from the Canadian Real Estate Association (CREA): Quarterly Forecasts Sales have calmed from earlier in 2021 but tight supply conditions are expected to continue to drive prices higher Ottawa, ON September 15, 2021 –  The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service ®  (MLS ® ) Systems of Canadian real estate boards and associations. Over the past several years, record levels of international immigration (not including 2020), low interest rates, and an increasingly middle-aged Millennial cohort have come together to fuel very strong household formation and housing demand in Canada. Recall that prior to COVID-19, the number of available listings nationally was already at a 14-year low and the national num