26 Aug This Week in Real Estate: August 19th – 25th
This week in real estate: The condo market remains strong, how a new development will revitalize a new Junction building, and…wait, did we even have a housing bubble?
Condo prices in Canada hit an all time high.
Condo prices across Canada are hitting all-time highs, as most of the country demonstrates they totally don’t have FOMO. Numbers from the Canadian Real Estate Association (CREA) show that the typical condo across the country is now more expensive than ever. Almost half of all major urban centres now have condo prices sitting at all time highs. Via Better Dwelling. Click for the full article.
Mixed uses converge at the Junction in Toronto.
Whether or not Toronto is in a housing bubble — and whether or not it’s already burst — is a hot topic in the city. But one economist says we’ve definitely popped that bubble, which could make things a bit easier for would-be buyers in the months ahead.
Doug Porter, chief economist and managing director of BMO Financial Group, shared his thoughts on the city’s real estate market on CBC’s Metro Morning on Friday. Via CBC. Click for the full article.
Header image via Globe and Mail.