Will Toronto's housing market go up or down?
Will Toronto's housing market go up or down in the next 12 months? Please give your reasons.Personally, I see two main driving forces moving in opposite directions which more or less cancels out, thus leaving the market relatively stagnant.
Firstly, with the economy in shambles, the real estate market should suffer as well. Expect to see increase of mortgage defaults, people downsizing their home, and the trend of working from home allowing people to move out of Toronto's core. All this portends to more sellers than buyers leading to a slump in average home prices.
On the other hand, with excess liquidity due to federal government desperate to prop up the economy, quantitative easing, too much hot money driving equities markets to insanely overpriced levels, and near zero rates on money markets, it seems there just isn't many safe places to invest our money. In times like these, real estate is a safe conservative choice (if you are risk taker you can speculate on gold or Bitcoin). So we can see increased investment into Toronto's real estate sector driving up prices.
Based on these 2 factors, I foresee the housing market staying relatively stable in the foreseeable future.
Lets hear your thoughts!
如果不移民投资加拿大房产没意思 any good location to invest in? looking to purchase for myself.. but everything is so inflated... Kingston real estate has ballooned in the last 3 years. I expect the demand to continue. For the last 2 years houses going to the market have sold within the first month, and often the first week of being listed and for much more than the price from recent years.
This is an answer to the question from the previous poster. 现在的楼花价格过于膨胀了
似乎是在高点 The high point hasn't been reached. The truth is we have enough buyers who are able and willing to pay the inflated prices to have what they want. There are far too many opportunities out there keeping the economy growing. i think should go up soon it will going up again soon
after all open up or close down zerowingw 发表于 2021-3-26 17:16
it will going up again soon
after all open up or close down
May I ask why it will still go up if everything's closed down? cuz when closed down
the house open source will be not a lot
especially the agent will doing something on the offer (both side) which make the prices so high