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Real estate market news May 12th 2017

Does Toronto have a condo-flipping problem? | RENX - Real Estate News Exchange

Ontario’s Minister of Finance Charles Sousa recently railed against “property scalpers” in the Toronto new housing market, and the recently announced Fair Housing Plan places increased scrutiny on pre-completion assignments. Given the more modest new condominium price growth between 2012

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Toronto, Victoria are world's 'hottest' luxury real estate markets - BNN Bloomberg

Hong Kong is now the top luxury residential real estate market in the world, beating London for the first time in five years. But Toronto, Ont. and Victoria, B.C. are the globe’s fastest-growing high end markets, the report found. Sales of homes $1 million or more grew by one per cent worldwide, with Toronto remaining the hottest million-dollar-plus market.

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