Economy added 32,300 jobs in March: StatsCan
https://www.ctvnews.ca/canada-adds-...as-jobless-rate-stays-at-record-low-1.3873851
https://www.ctvnews.ca/canada-adds-...as-jobless-rate-stays-at-record-low-1.3873851
The Economy -Jobs etc
- Thread starter Ocean Breeze
- Start date
The Devil is in the details OB.
- F/T vs P/T
- Median income level of these new hires
- Skilled vs Unskilled.
- Which sectors saw the increase.
And this list can go on.
GTA home sales down 40 per cent in March compared to last year, report shows
Home sales in the GTA dropped 40 per cent year over year in March, with the average price also decreasing by 14 per cent, according to the latest Toronto Real Estate Board report..
The average price in March 2018 was $784,558 for all housing categories in the GTA, including detached, semi-detached, townhomes and condos. The average price was $915,126 in March 2017.
By Jaren Kerr
April 04, 2018
https://www.thestar.com/business/20...rops-14-from-previous-march-report-shows.html
So, Everybody was buying Condos ...
Who are the condo investors in Toronto? A new study sheds some light
A study, called A Window Into the World of Condo Investors, found that only about 10 per cent of condo investors are international buyers.
But 44 per cent of investors that took possession of their units in 2017 are seeing their rental income fall short of their mortgage payments and their building maintenance fees.
Even those coming out ahead are only netting about $360 a month on average.
The buildings that are complete in the next two or three years will appreciate and offer the same high returns investors have enjoyed lately, say the authors. But when a larger supply comes on the market in 2021 rents will need to be 17 per cent higher than they are now even if interest rates stay the same for investors to cover their carrying costs.
By Tess Kalinowski
April 06, 2018
https://www.thestar.com/business/re...-in-toronto-a-new-study-sheds-some-light.html
Home sales in the GTA dropped 40 per cent year over year in March, with the average price also decreasing by 14 per cent, according to the latest Toronto Real Estate Board report..
The average price in March 2018 was $784,558 for all housing categories in the GTA, including detached, semi-detached, townhomes and condos. The average price was $915,126 in March 2017.
By Jaren Kerr
April 04, 2018
https://www.thestar.com/business/20...rops-14-from-previous-march-report-shows.html
So, Everybody was buying Condos ...
Who are the condo investors in Toronto? A new study sheds some light
A study, called A Window Into the World of Condo Investors, found that only about 10 per cent of condo investors are international buyers.
But 44 per cent of investors that took possession of their units in 2017 are seeing their rental income fall short of their mortgage payments and their building maintenance fees.
Even those coming out ahead are only netting about $360 a month on average.
The buildings that are complete in the next two or three years will appreciate and offer the same high returns investors have enjoyed lately, say the authors. But when a larger supply comes on the market in 2021 rents will need to be 17 per cent higher than they are now even if interest rates stay the same for investors to cover their carrying costs.
By Tess Kalinowski
April 06, 2018
https://www.thestar.com/business/re...-in-toronto-a-new-study-sheds-some-light.html
All of which is not necessarily a bad thing, depending on where you sit.Potentially a loss could be applied against other earnings. How are they making out in Capital gains? Will a market downturn permit more tenants to become owners?
Personally I think anyone investing in anything strata titled has a screw loose except possibly as a first home or end of the line.
that bit of news should displease the Trudeau/Canada haters
(remember the forum's right wing rule of thumb: oppose Trump, that means you oppose the USA
therefore, to oppose Trudeau is to oppose Canada
