Canuck Post ®

No exaggeration. The yada, yada, yada are backed by solid facts: – Image Source Toronto-area home sale price  jumps 16.8% in June CBC.ca – ‎Jul 5, 2016 House prices in Toronto continue to surge as would-be buyers struggle with a lack of supply in a red-hot real estate market, according to a report released today by the Toronto Real Estate Board (TREB).

We all know the insanity … Image Source Canadian house prices : From ‘overvaluation’ to ‘outlandish’ and ‘zany’ The Globe and Mail (subscription)  – ‎Jun 21, 2016‎ One of the world’s big credit-rating agencies says it’s troubled by Canada’s inflated house prices and extremely stretched borrowers. Canada’s ‘hands-off’ housing policy is right move in free market economy   Financial Post Moody’s: biggest Canadian lenders could deal with housing crash   Business Review Canada Here is a real life testimony … Two couples pool money to live under one roof

REAL ESTATE PRICES UP IN APRIL The first full month of Spring and a warmer weather brought more buzz to the real estate market – comparing both to the last month and the last year. Toronto REALTORS® reported a 1.8 per cent year-over-year increase in sales. TorontoMLS system recorded total of 9,706 transactions in April 2014, compared to 9,535 sales in the last year. 2014 APRIL 1 Meanwhile, someone paid $3M for a house just to tear it down in Vancouver …