Soaring GTA house prices affecting neighbouring areas
The Canada Mortgage and Housing Corporation (CMHC) says in its latest Housing Market Insight (HMI) report that they detect “moderate or elevated evidence of overvaluation” in Hamilton and communities (barely) within commuting distance of the GTA. They
Trimart: A Good Start to the Second Half of 2013
According to Trimart, the strong sales numbers through July are proof that the success of the first half of the year is carrying through to the second half. Canadian housing starts have been stronger than expected, and the Canadian Mortgage and Housing
Ontario home prices need to drop more than $300,000 to be affordable for millennials
A new study by Generation Squeeze in Vancouver found average home prices in Canada need to drop by nearly 50% for a typical 25-34 year-old (let’s call them millennials) to afford an 80% mortgage on an average priced home. Or, their earnings need to double
Outlook Stable for 2014
It doesn’t look like the naysayers will get their way anytime soon — the latest predictions by the Canada Mortgage and Housing Corporation for the Toronto CMA (presented at the annual CMHC Housing Outlook Conference last week) say next year is going to
Am I contributing to the housing supply shortage by not downsizing?
Will aging baby boomers really prevent millennials from moving up and buying single-family homes in Toronto? A new report from the Canada Mortgage and Housing Corporation suggests this will happen.
5 questions move-up buyers need to ask themselves
With the rising price of housing in the Greater Toronto Area (GTA) and surrounding areas and the recent mortgage rule changes, first-time buyers aren’t the only ones struggling. The average price of a new low-rise home in the GTA is nearly $1 million, so
Should You Live in a House or Condo?
Genworth Canada, the largest private mortgage insurer in the country, recently released a video that lists some of the Pros and Cons of living in either a house or a condo. If you’re someone who is looking for a new home, we’re sure you have wondered
CMHC: Housing Starts Remain Stable Through June 2014
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts figures for June 2014, reporting that housing starts in Canada were trending at 185,939 units. This is a slight increase from the 184,019 units in May 2014.The trending figure
Housing starts in Toronto dropped last month
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts figures for November 2016, announcing that starts stayed steady, but there was a drop in Toronto. The national trend measure of housing starts was 199,135 units, basically
Toronto home prices make sense based on economic fundamentals
The Canada Mortgage and Housing Corporation recently announced that the Toronto housing market is no longer at risk of overvaluation. It sounds like good news, but what exactly does this mean?
