Chinese developers led stock gains in Shanghai and Hong Kong after regulators said their funding needs are being met, soothing concerns over tight policies that have made industry giants like China Evergrande Group suffer.
China Evergrande Group is set to resume trading Thursday after the cash-strapped developer terminated discussions to sell its property-management arm, a deal that would have given it a major cash infusion.
It might be tempting for homebuyers to choose a cheaper variable mortgage rate over a fixed rate right now, but one mortgage expert warns those buyers might be “rolling the dice” – especially if the Bank of Canada is forced to hike its benchmark interest rate sooner than expected.
, Christie’s International Real Estate
Toronto’s housing market may have started to cool in recent months, but there are still plenty of expensive properties available for purchase.
Home sales across the Greater Toronto Area tumbled 40.4 per cent year-over-year in July, according to the Toronto Real Estate Board. The average selling price was $746,218 last month – almost 19 per cent below April’s peak of $920,791. But that’s still five per cent above year-ago levels.
Real estate portal Point2 Homes compiled a list of the priciest homes currently up for grabs in the GTA, using its own database in addition to information from other national portals.
“Toronto definitely has a lot to offer when it comes to high-end living. We wanted to dive into the hottest luxury real estate market in Canada today and see what extravagant housing is all about,“ Matthew Haines, vice president of Point2 Homes, said in a release.
For a look inside the city’s luxury market, here’s the list of Toronto’s most expensive homes up for sale: