Canadian home sales climb for the fifth month in a row
Despite the stress test, Canadian home sales are returning to healthy levels, according to the monthly report from the Canadian Real Estate Association. In July 2019, national home sales increased for the fifth consecutive month.
Things you should know before moving into your new condo during interim occupancy
Moving into your new condo is an exciting thing to do, especially if you’re a first-time buyer. If you’re moving in before the building is registered and you’re paying interim occupancy fees, it means there will likely still be construction underway.
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OHBA announces the 2019 Awards of Distinction finalists
A jury of industry professionals reviewed all of the entries and narrowed down the finalists in 42 categories, showcasing industry excellence in building, design, renovations, sales, and marketing.
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.
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.
Canadian housing market comes in for a soft landing as prices continue to rise
While talk of a Canadian housing bubble was creeping back into some headlines, the market actually came in for a soft landing, according to a recent report from BMO Capital Markets.
Tips for owning a dog in a condo building
Despite rising prices, high density condo apartments are still the most relatively affordable housing option in the Greater Toronto Area. This means more people are buying this type of housing, which means more dogs are also living in condo buildings.
Canadian housing starts trend upwards as construction slows in Toronto
Canadian housing starts trended at 208,970 units in July 2019, compared to 205,765 in June. The trend is a six month moving average of seasonally adjusted annual rates (SAAR).
Burlington offers the best quality of life, but it’s not an affordable place to live
Maclean’s conducted a study of 415 communities across Canada and ranked them based on a variety of criteria, including wealth & economy, affordability, population growth, taxes, commute times, crime, weather, health care, amenities and culture.
What to expect when applying for a mortgage for the first time
When you buy a new home preconstruction, the builder requires you to provide proof of pre-approval, but this is much different than applying for a mortgage.
