Toronto home prices in record monthly drop as sales plunge

Home sales in the Greater Toronto Area, Canada’s largest housing market, plunged 35% in February compared to a year ago, to 5,175 homes. The plunge in volume was spread across all types of homes. Even the previously white-hot condo sector froze over: Detached houses -41.2% Semi-detached houses -28.

Those job losses coupled with tightening credit and falling home values have forced. said yesterday that their monthly consumer confidence index fell to 57.6 in October, a relative measure of how.

Existing-home sales decline for fifth time in six months (Bloomberg) — Sales of previously owned U.S. homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this quarter amid a still-tight supply of available properties. contract closings fell 0.4% from the prior month to a 5.How Canada’s dealing with its own home affordability crisis The U.S. Housing Affordability Crisis: How a Rent and Low-Income Problem is Becoming Everyone’s Problem By Svenja Gudell on Apr. 11, 2016 As of the end of 2015, Americans making the nation’s median annual income (,589) and looking to buy the typical American home (valued at $183,600 as of December) could expect to pay 15 percent of their.

Home sales. record $1.01-million, up 23.6 per cent over the past year, according to new data from the Toronto Real Estate Board. It marked the first time that detached houses in the region have.

Canadians managing mortgages despite soaring household debt load According to a new Equifax report, Canadian consumer debt has now climbed to over $1.8-trillion. $1,821,000,000,000 – That’s how much collective household debt Canadians had in the fourth quarter of 2017 according to a recent study done by Equifax, which is up from the .797 trillion reported in the previous quarter.

On Thursday, the Toronto Real Estate Board reported that July home prices in Canada’s largest city suffered their biggest monthly drop on record amid government efforts to cool the market and the near-collapse of Home Capital Group spooked speculators.

Eight out of 10 regions in England and Wales tracked by Rightmove showed monthly declines in August, led by London and a 2.6 percent drop in southeast england. rightmove measured 102,031 prices for.

Berkshire Hathaway JV Berkadia buys Central Park Capital Partners Homebuilder sentiment declines to an eight-month low

The toronto real estate board (treb) is drawing attention to plummeting listings as home sales across the Greater Toronto Area broke another monthly record in May. "Whether we’re talking about existing homeowners or people looking to purchase for the first time, there is no shortage of buyers in the marketplace today," says Mark McLean.

That means, for example, that the average price could drop because fewer. Guatieri said cooling in the Toronto region may not last long if Vancouver is any guide, where slumping home sales heated.

I guess the headline speaks for itself. (But, it can’t happen here. Toronto is unique Right? They speak Canadian don’t they?)On Thursday, the Toronto I guess the headline speaks for itself. (But, it can’t happen here. Toronto is unique Right? They speak Canadian don’t they?)On Thursday, the Toronto

One57 foreclosure shatters price dreams at billionaires’ tower People on the move: Sept. 29  · One57 Foreclosure Shatters Price Dreams at Billionaires’ Tower. The 6,240-square-foot condo spanning the skyscraper’s 79th floor sold for $36 million last week to an unidentified buyer, the highest of five bidders in addition to the lender. The price was 29 percent less than the $50.9 million that Nigerian businessman Kolawole akanni aluko paid for the apartment when he bought it new in 2014.

Some 866 homeowners had clinched a sale. a deeper plunge than others. A total of 1,784 properties that were sold in 2017 and subsequently relisted did not sell, according to Realosophy. This.

GTA home sales plunge 37.3 per cent annually Thursday, July 6, 2017 In June 2017, Greater Toronto Area realtors reported 7,974 home sales through the Toronto Real Estate Board (TREB)’s MLS System, a drop of 37.3 per cent compared to June 2016 levels.