CMHC Now Forecasting Up to 18% Drop in Average House Prices as “Deferral Cliff” Looms
byMortgage deferrals could rise as high as 20% by September.
Real Estate
34% of Torontonians Still Say They Want to Buy a Home in the Next 12 Months
byBut just 17% of current homeowners are considering selling.
Rental Rates in Toronto are Finally Starting to Decline
by“The overall COVID-19 impact would be a downward pressure on rents.”
GTA Rental Market: Trouble for Airbnb Condo Owners, Relief for Renters
bySeveral experts weigh in on the current rental climate 🏙️
April Saw the Smallest Number of Monthly Housing Transactions in 36 Years
byWhen Canada’s population was one-third lower.
National Home Sales Fall a Record 56.8% in April: CREA
byAnd the average national home price fell by 1.3%.
17 Real Estate Forecasts and Updates That Have Tried to Predict the Impact of COVID-19
byFrom home prices increasing 7.8% to prices dropping 14% – it’s been a rollercoaster of predictions.
These Toronto Postal Codes Saw Average Rents Per-Square-Foot Drop in April
byCondo apartments in the M5V, M5J and M5H neighbourhoods saw up to 13% drops in rent.
These Toronto Neighbourhoods Saw Condo Prices Impacted the Most During COVID
byHow median condo apartment prices have faired in 35 Toronto neighbourhoods.
Toronto Home Sales Have Dropped Off a Cliff, But Don’t Expect Prices Will Too
byBoth sales and new listings are down significantly, but prices remain flat.