Toronto Has the World’s Highest Housing-Bubble Risk

Sydney’s Median Rents Hit Record High in the Third Quarter

Sydney rents hit record highs in the third quarter, as soaring prices for home sales, also at a record, and rising mortgage rates push potential buyers into the rental market. The median rent for a house in the city was A$650 (US$403) per week, an increase of 4.8% from last quarter and 14% compared to a year ago, according to data released by Domain Thursday. The annual growth rate was the largest since 2009. Rental vacancy was 1.1% in September, the lowest on record. The return of skilled migrants and international students added to already strong rental demand, said Nicola Powell, Domain’s chief of research and economics. Domain

Toronto Has the Highest Housing-Bubble Risk in the World, UBS Says

Toronto has the highest housing bubble risk among 25 major cities, and Vancouver is also one of the most at-risk cities in all of North America, according to a report by Swiss Bank UBS. House price levels in these two cities “have more than tripled in the last 25 years” and there have been “flashing warning signals in the last couple of years,” UBS said. Housing prices in the two Canadian municipalities are expected to drop 3.5% by the end of the year, according to the latest forecast by Royal LePage. Toronto Star

Southern California Home With Its Own Winery Listed for Nearly $3 Million

A gated property in Oak Glen, California, that comes with a private vineyard has come on the market for $2.895 million. Custom built in 2002 on a ridgetop overlooking the San Bernardino Mountains, the concrete-and-stone house has three bedrooms and three bathrooms and features built-in tile and wood flooring, accented ceilings with crown molding and wainscoting throughout. The landscaped grounds have a waterfall, an aquatic garden and terraces with mountain views, according to the listing with Crest Sotheby’s International Realty. Patch

Broadway Director Michael Greif Asks $2.9 Million for a Manhattan Loft

A loft-style apartment in Manhattan’s tony neighborhood of SoHo that belongs to Michael Greif, director of Broadway favorites such as “Dear Evan Hansen,” “Rent,” and “If/Then,” is on the market for $2.9 million. The corner unit has 1,500 square feet of living space with two bedrooms, an open living-dining-kitchen area and a private office and den. Interior pre-war details include solid-wood columns, exposed brick, double-height windows, French doors and hardwood floors. The seven-story co-op building was converted from an 19th-century industrial space. 6sqft

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Mountaintop lodge for sale in Linville is NC’s most expensive. $30M property comes with waterfall, 3,000-square foot 'party pavilion

A mansion perched atop a 5,000-foot ridge in the North Carolina mountains and offering views of Grandfather Mountain, other peaks and even uptown Charlotte, went on the market for $29.75 million this week. The price of the lodge-style estate in Linville tops all other homes for sale in the Carolinas, […]