Current situation on Housing market in GTA area, what will happen next...?


Jump to Page:
< Previous  [ 1 ]    Next >




RBO   
Member since: Aug 06
Posts: 1761
Location: Mississauaga

Post ID: #PID Posted on: 19-02-19 18:08:19

Toronto real estate prices rose 1.7% YoY in January to a new average price of $748,328. That’s good news for sellers in the GTA, however it is a big irritation for homebuyers who have lead to believe government action would benefit them and create opportunities to buy.
The GTA market is still a big market and only the Montreal housing market has a chance to outperform the GTA housing market through 2020. Housing markets in Calgary and Vancouver are down significantly.

We are back to about spring 2016 prices. Speculators drove the prices from 2014 onward.

So many people not able to close the house deal or just walking away. The value of the home just dropped by at least $200k in some of the GTA Area.

All investors outside of GTA were propping up demand cause of easy money.

Many regular families bought being greedy. Builder took advantage and now laughing at buyers behind closed doors.

Is Canada really moving towards recession? What is future for GTA house market for next 5 years?





Jump to Page: < Previous  [ 1 ]    Next >

Discussions similar to: Current situation on Housing market in GTA area, what will happen next...?

Topic Forum Views Replies
Housing market flirts with dangerous levels
Real Estate & Mortgages 2451 5
Housing market in Canada-views ( 1 2 )
Life 3571 12
Housing market in Canada ( 1 2 )
Life 3231 10
Year of opportunity awaits homebuyers
Real Estate & Mortgages 1555 0
Real Estate Market still hot....
Real Estate & Mortgages 1774 4
Real estate prices hit new record in February - CBC Article
Real Estate & Mortgages 2040 2
Price rise history defies naysayers ( 1 2 )
Real Estate & Mortgages 2619 8
Calgary MLS listings surge- Buyer's Market now
Real Estate & Mortgages 1714 0
A Year of Heavy Losses (3 Trillion $) ( 1 2 )
Real Estate & Mortgages 3439 13
Toronto home prices plunge 13% ( 1 2 3 ... Last )
Real Estate & Mortgages 11510 50
Job market to significantly weaken - expect no recovery for next 5 yrs ( 1 2 3 4 5 )
Jobs 8416 28
Mississauga Condo Market
Real Estate & Mortgages 3734 6
June GTA sales all time high.
Real Estate & Mortgages 2308 5
Article-U.S. housing crisis hits new level
USA 1155 0
Time to Buy Vs. Time To Sell Property in Pakistan
Real Estate & Mortgages 2212 6
What should be down payment 5% or 20% in current market?
Real Estate & Mortgages 2018 3
Good News for Home hunter and bad news for Investor
Real Estate & Mortgages 1607 2
Housing, the most manipulated market in the world
Real Estate & Mortgages 1822 1
The real value of Canadian housing market. :-)
Real Estate & Mortgages 2191 6
How's GTA Real Estate Market. Vancouver has been dud for now
Real Estate & Mortgages 1518 5
15% tax on home purchases by non-resident foreigners in GTA area... ( 1 2 3 4 )
Real Estate & Mortgages 6253 23
Toronto Real Estate Market Watch - December 2018
Real Estate & Mortgages 2747 0
Toronto Real Estate Market Watch Report - January 2019
Real Estate & Mortgages 2501 0
Toronto Housing Market Outlook for 2019
Real Estate & Mortgages 2989 0
Current situation on Housing market in GTA area, what will happen next...?
Real Estate & Mortgages 4391 0
 


Share:
















Advertise Contact Us Privacy Policy and Terms of Usage FAQ
Canadian Desi
© 2001 Marg eSolutions


Site designed, developed and maintained by Marg eSolutions Inc.