209: Toronto Real Estate “Reverts Back” & Investors Ditch the City

What are TRREB’s Predictions & Recommendations for 2021? 

Are Investors Ditching the City? 

How Long Does it Take to Save a Downpayment in Toronto?  

Articles Referenced in this Episode:  

What are TRREB’s Predictions & Recommendations for 2021?  

https://www.cp24.com/news/average-gta-home-price-to-top-1-million-for-first-time-in-2021-trreb-1.53005494 

https://www.theglobeandmail.com/business/article-trreb-predicts-average-toronto-area-home-price-to-jump-to-more-than-1/ 

https://financialpost.com/real-estate/toronto-home-prices-on-pace-to-top-c1-million-after-record-year 

https://www.globenewswire.com/news-release/2021/02/08/2171608/0/en/TRREB-Forecasts-Strong-Demand-for-Real-Estate-in-2021.html 

Are Investors Ditching the City?  

https://betterdwelling.com/city/toronto/over-two-thirds-of-toronto-real-estate-investors-plan-on-listing-properties-for-sale/ 

https://torontostoreys.com/downtown-condo-market-returns-toronto/

Hot Topics:  

https://www.bnnbloomberg.ca/new-zealand-to-clamp-down-on-property-investors-as-prices-soar-1.1560867 

https://stevesaretsky.com/more-stimulus-please/ 

https://toronto.ctvnews.ca/ontario-extends-stay-at-home-order-for-most-of-province-lays-out-framework-for-gradual-reopening-1.5299733 https://www.durhamradionews.com/archives/132871 

How Long Does it Take to Save a Downpayment in Toronto?  

https://nowtoronto.com/lifestyle/toronto-real-estate-affordability-down-payment-savings https://betterdwelling.com/buying-a-typical-home-in-canada-cities-now-require-incomes-of-up-to-230000/