Move Smartly - Toronto Area Housing News & Ideas retweeted
We should see the first meaningful decline in prices when the Toronto Real Estate Board releases their April numbers
Low-rise prices ⬇️around 6% yoy
Sales ⬇️ 17% and active listings ⬆️ 65%
4.4 MOI
Toronto was performing better than the suburbs, we'll see if that trend holds
Move Smartly - Toronto Area Housing News & Ideas retweeted
Today I’m releasing a report that explores a fundamental shift in Canada's housing market
How homes evolved from affordable shelter into powerful financial assets, and what it means for affordability, inequality, and the future of the next generation. 1/⤵️
Move Smartly - Toronto Area Housing News & Ideas retweeted
For years housing advocates argued our rental crisis was due to a “lack of supply”
The truth is it was caused by our government's decision to exploit international students who were paying high tuition fees & working as "cheap labour"
Stop the exploitation & supply increases
Color me shocked! Feds tighten up the international student grift, exemplified by the clown administration at @ConestogaC, and the local vacancy rate goes from the lowest in 2 decades to the highest in a single year
Move Smartly - Toronto Area Housing News & Ideas retweeted
“Donald Trump’s 25 per cent tariffs on Canada’s and Mexico’s exports, along with the 10 per cent tariff on China’s, change the world.”
Predictability is the victim of Trump’s tariff threats on.ft.com/40J4mjt
Move Smartly - Toronto Area Housing News & Ideas retweeted
Of the 211K real estate transactions in Greece in 2024
Only a few involved mortgage credit.
A very different market from Canada, where mortgage debt drives our housing market and our economy
ekathimerini.com/economy/rea…
Move Smartly - Toronto Area Housing News & Ideas retweeted
CMHC’s rental financing program has been so successful it’s created a glut of rental supply, with more in the pipeline. Rents are declining in many major metros across the country.
Move Smartly - Toronto Area Housing News & Ideas retweeted
Great visual of housing affordability across Canada:
Move Smartly - Toronto Area Housing News & Ideas retweeted
Quick Canadian RE sentiment check. Mental gymnastics around negative cash flow are wild. From a landlord FaceBook group
Move Smartly - Toronto Area Housing News & Ideas retweeted
Rental construction is booming in Canada, almost exclusively due to the favourable financing terms provided by CMHC.
Move Smartly - Toronto Area Housing News & Ideas retweeted
“Canadians purchasing a home should be bidding alongside other prospective homeowners, not against very large corporate investors”
The Liberals are exploring approaches to curb the purchase of existing single-family homes by corporate investors
canada.ca/en/department-fina…
Move Smartly - Toronto Area Housing News & Ideas retweeted
Toronto area home sales were up roughly 40% in October over last year
House sales ⬆️ 45%
Condo sales ⬆️ 32%
The market is responding to lower rates
Average prices were flat for houses down 2% for condos
Move Smartly - Toronto Area Housing News & Ideas retweeted
My first look at the Downsview West District, 8800 homes, 70 acres and a fresh urban design approach in Toronto: theglobeandmail.com/arts/art…
Move Smartly - Toronto Area Housing News & Ideas retweeted
Does this really require a vote? A debate?
Every day, it seems that politicians are more interested in political theatre and showmanship than in solving our country's problems
To be clear, I'm talking about every politician
Move Smartly - Toronto Area Housing News & Ideas retweeted
Ford was against requiring high-density housing around transit - because he didn't want to tell cities what to do
But he's now banning new bike lanes province-wide
Because he wants to tell cities what to do on issues that are important to him
What a clown show!
SCOOP: @CBCNews has learned the Doug Ford government is considering legislation to ban municipalities from building any new bike lanes that result in reducing any motor vehicle lanes. #onpoli
👇🏻Full story👇🏻 cbc.ca/news/canada/toronto/o…
Move Smartly - Toronto Area Housing News & Ideas retweeted
The big story that nobody is covering. Vancouver rents are now falling.
Crazy rent inflation over the last few years is over. Rents peaked last year and are now falling in many segments.
What does this mean for the market?
2/
Move Smartly - Toronto Area Housing News & Ideas retweeted
Is 🇨🇦's housing crisis a Supply or Demand Problem?
It was always both!
I wrote this in July 2021
My opinion, which was very unpopular in 2021, became part of our federal government's housing policy this year and is now a key part of the Conservative's housing plan
Move Smartly - Toronto Area Housing News & Ideas retweeted
Federal Conservative leader Pierre Poilievre's housing plan requires high-density housing to be built around federally funded-transit stations
But Ontario Conservative leader Doug Ford shelved plans that would allow high-density housing around transit stations🤦♂️
Clown show
NEW: Ontario’s ministry of housing worked on a detailed plan to intensify development around transit stations, late last year.
Then in the Spring, the plan — welcome by housing advocates — was suddenly derailed by the Ford government.
globalnews.ca/news/10742510/…
#onpoli
Move Smartly - Toronto Area Housing News & Ideas retweeted
Nine months ago, Pierre Poilievre released a YouTube video titled
Housing hell: How we got here and how we get out
In it, he unpacked his analysis of Canada’s housing crisis and proposed solutions 🧵⤵️
movesmartly.com/articles/poi…



















