Toronto home prices tumble, but market shows signs of stability

Toronto home prices tumble, but mar [...]

Toronto’s housing market continued to show signs of stabilizing in April, but sale prices remain significantly below the record levels hit last spring. New sales data from the Toronto Real Estate Board (TREB) shows the average home sold for $804,584 in the Greater Toronto Area in April, a 12-per-cent drop from $918,184 in April last […]

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Toronto condo projects teeter on collapse amid rising costs

Toronto condo projects teeter on co [...]

As Toronto’s condo market booms, signs are emerging that a stressed industry is facing rising costs and tax burdens that may mean an even grimmer outlook for buyers. Observers are still sifting through the wreckage of the Toronto area’s latest project cancellation – a sold-out Vaughan project that dumped 1,100 would-be buyers back into the […]

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Canadians warned to climb out of debt before it’s too late, as threat of cooling housing markets looms

Canadians warned to climb out of de [...]

Scott Hannah says low borrowing costs and rising home prices have lured Canadians into a debt trap they may not escape if looming economic threats materialize. Hannah, president of the Credit Counselling Society, is seeing an influx of clients as higher financing costs begin to bite and people find it harder to manage. Phone calls […]

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