There are a number of factors contributing to the success of the new home market
Housing starts have stayed steady in Canada and somewhat steady in Ontario, though Toronto saw a decline. CMHC says that the lack of listings in the Toronto CMA resale market has caused a spill over of buyers to the new home market, which kept detached
Spring ends on a high note as Greater Toronto Area home sales spike more than 10%
TREB released its monthly resale housing market figures, announcing that 8,860 sales were reported through the MLS system. When looking at the first half of the year, home sales are up 8.5% and new listings increased by less than 1%.
Toronto housing not a buyer’s market...yet
Now that the Greater Toronto Area’s (GTA) resale and new home markets are showing some signs of cooling, people are starting to wonder if it’s a buyer’s market, or whether it will be soon.First of all, why do people think the market is cooling? There are
A New Reason to Buy New: “Third-Hand Smoke”
Image via CTV (AP Photo/Dave Martin)Should you buy a new home or resale? The age-old question leaves most prospective homebuyers on the fence. Well, thanks to the National Post, we’ve discovered a new reason to buy new!What is third-hand smoke?According
The Greater Toronto Area’s detached home market is making a comeback!
For the longest time, detached homes were the most popular housing type. Even when prices were skyrocketing, detached home sales in the resale market were still higher than townhomes and semis.
Why access to TREB home sales data is a good thing for everyone
Everyone’s calling the Supreme Court decision to reject the Toronto Real Estate Board’s appeal a game changer, and they’re right. There are a number of reasons why the resale market is better off this way.
We chatted with a happy tenant in Toronto about her plans to not buy a home
With demand staying strong and inventory low in the new home and resale markets, Toronto home prices show no sign of slowing down in 2017. With that in mind, we chatted with a happy tenant, Charlotte, a mother of one who lives with her partner in a house
Canadian home sales drop due to low activity in the GTA
According to the latest monthly statistics from the Canadian Real Estate Association (CREA), the Greater Toronto Area (GTA) resale market has a lot to do with the overall drop in Canadian home sales. In June 2017, Canadian MLS sales dropped 6.7%.
Price growth remains strong despite substantial increase in listings
The Toronto Real Estate Board released its resale housing market figures for May 2017, announcing that price growth remains strong despite a substantial increase in listings. In May 2017, there were 10,196 sales reported by Greater Toronto Area (GTA)
First-time buyers remain confident despite rising prices
The Toronto Real Estate Board (TREB) released its resale housing figures for January 2017, announcing that last year’s inventory shortage will probably continue through the year, causing prices to surge. Despite this, first-time buyers remain
