TORONTO & VANCOUVER, THE ‘HOUSING MARKET SISTERS’, KEEP RIGHT ON BOOMING

REALESTATE4For VANCOUVERITES a hot housing market is nothing new. But TORONTO, Canada’s largest city and the country’s prime growth centre, is rapidly catching up. New records are being set month-after-month in the GTA (Greater Toronto Area) with no sign of a slowdown.

The low Canadian dollar and immigrant/foreign investment would no doubt account for some of this. John Pasalis, a TORONTO real estate broker, told the Toronto Star that “sales are off the charts. The market is insanely competitive (with buyers 10 and 20 deep lining up). The positive thing is it’s actually home buyers rather than speculators or flippers.”

REALESTATE3REALESTATE2

<PHOTO – a detached Toronto cottage, blogTO>

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s