As Canadian real estate market data continues to fluctuate, Zoocasa has taken a look at some recent narratives in real estate news.
In a recent post, Zoocasa examines real estate headlines for the month of May, which saw a range of stories from price surges to condo board fraud in Toronto.
Zoocasa pointed to the shortages of listings in the market in its headlines.
“Too few listings have taken the blame for rising real estate prices in the Greater Toronto Area- but data from the Toronto Real Estate Board reveal the trend of tight supply is starting to reverse, as 33 percent more listings came to market in April,” Zoocasa wrote.
Zoocasa also addresses the “price spillover” in Vancouver, the growing hysteria around home capital, condo board fraud, the downturn in home sales, steep home prices, investors buying up homes in the Toronto market, the Bank of Canada keeping its 0.5 percent rate, a surge in new build sales, accessibility for middle income families and the “housing haves vs. the have-nots.”