Average rent for a 1-bedroom condo unit in the Greater Toronto Area surpasses $2,100
The Toronto Real Estate Board released its quarterly rental market results, reporting tight conditions across the Greater Toronto Area as average rents remain unaffordable.
New home sales fall to lowest level in almost 20 years
The Building Industry and Land Development Association released its monthly new home sales results for December 2018, as well as sales totals for the year as a whole. As we were expecting, new home sales fell to the lowest level in nearly two decades.
Toronto City Council approves Housing Now plan to build 10,000 homes
Toronto City Council just approved the Housing Now plan, which aims to facilitate the development of new affordable housing within mixed-income communities at 11 sites in the city.
3 big ideas that could make housing more affordable
Clearly, measures need to be taken in order to ensure more families across the GTA and Ontario are able to afford to own or rent a suitable home for them and their family.
How much is real estate close to TTC Stations?
Torontonians may have their fair share of gripes about our local transit system – but love or hate the TTC, the truth is, it pays to own real estate with easy access to a subway or LRT stop.
Will the average price of a resale condo unit hit $600,000 this year?
The Toronto Real Estate Board released its quarterly resale condo market results, reporting a drop in sales and new listings across the Greater Toronto Area.
Buyers vs. Sellers: Who will win the detached home market?
There was a story in the Vancouver Sun recently about a detached home listed for just under $1 million. With single-family home prices falling in the area, could the detached homes actually tumble to an affordable price?
Toronto among the least affordable housing markets in the world
The 15th Annual Demographia International Housing Affordability Survey: 2019 was recently released, rating middle-income housing affordability with third quarter 2018 data. Once again, Toronto is found among the least affordable cities in the world.
Calgary’s luxury home market is in trouble
The Report covers the GTA, Vancouver, Montreal, and Calgary. Vancouver’s top-tier market is expected to pick up steam this spring. Montreal will remain steady and strong, and the GTA is staying resilient. All good news. We can’t say the same for Calgary.
National home sales fall for the fourth month in a row
The Canadian Real Estate Association released its national home sales results for December 2018, marking the fourth consecutive monthly decline in sales activity.
