6 creative ways to start saving for the down payment on your first home
A recent study found that almost two-thirds of millennials expect to own their first home in Toronto. With the city’s average purchase price nearing half a million dollars, owning a home is no easy feat. Nonetheless, young aspiring first-time homebuyers
GTA Price Gap Widens to Record High in April!
The Building Industry and Land Development Association (BILD) released its April 2015 new home stats, announcing a record-high price gap, tripling the figure from a decade ago.In 2005, the price gap was just $101,936. With the average price of a new
5 new condos dog owners will love
As the average price of a new low-rise home in the Greater Toronto Area (GTA) continues to rise, more couples and families are living in new condos for longer periods of time. Some people don’t have the space to raise a child in their condo, so they end
4 things you need to know before the end of the week
The week is about halfway done, but I feel like so much has happened across the Greater Toronto Area (GTA). Instead of focusing on one topic this week, I’m highlighting four bits of news that you need to know before the weekend comes. 1) The average
How does a condo attract end-users?
By: Sam ReissThe Toronto Dominion bank is warning that Canada is moderately “overbuilt.” TD Economist Francis Fong says the current pace of construction “well north” of the average rate of household formation; he says nation-wide it isn’t a problem, but
A shocking number of Canadians worry that they’ll never be debt free
Nearly all Canadians believe the average household is in too much debt, and it looks like everyone is right. The results of the Manulife Bank Debt Survey shows that 40% of indebted Canadians do not expect to escape their debt in their lifetimes.
Urbanation Releases Q1-2014 Condo Market Results
Urbanation, the industry’s leading source for information on Toronto’s exciting condominium market, released its Q1-2014 market results.Throughout Toronto CMA, 5,140 condo units sold during Q1-2014, which is 5% above the five-year average, and is nearly
Canadian housing starts at highest level since 2007
The Canada Mortgage and Housing Corporation (CMHC) released its monthly housing starts data for March 2017, announcing that Canadian housing starts are at their highest level since 2007. The trend is a six month moving average of seasonally adjusted
TREB Reports Best May Ever for Resale Market
The Toronto Real Estate Board (TREB) is reporting that sales and average prices for the Greater Toronto Area’s (GTA) resale market showed strong increases in May 2014.There were 11,079 sales reported through the TorontoMLS system last month, making it
Mark Cullen: Gardening in Small Spaces
By Mark CullenLess than one quarter of new residences currently being built in the GTA are ‘single family detached’. Almost two thirds of new homes are condos.The concept of ‘the average lot size’ could be several hundred square feet located way off the
