Pent up demand supporting strong price growth in resale housing market
The Greater Toronto Area resale housing market had a strong spring, and summer started off strong, too. Based on the latest market figures from the Toronto Real Estate Board, summer is still hot!
The Thornhill in Vaughan is a new master-planned condo community coming this fall!
A new master-planned condo community by The Daniels Corporation and Baif Developments is coming to Vaughan, and the opening is just around the corner!
Canadian housing market maintains moderate degree of vulnerability
It looks like Canada’s housing market is finally balancing out, according to the latest Housing Market Assessment from the Canada Mortgage and Housing Corporation.
Weekend tasks you should do around your home before August ends
The first long weekend in August is a great time to get some quick home maintenance tasks done. If you’re heading up to the cottage, you can use this post as a to-do list for next weekend or the weekend after.
Condo buyers are heading to the outskirts of the Greater Toronto Area
Urbanation released its condo market results for the second quarter of 2019, reporting that there were 8,902 condo sales in the GTA, which is an increase of 77% year-over-year.
Canada launches $100 million program to support first-time buyers
The Shared Equity Mortgage Providers Fund launched at the end of July 2019. It’s a $100 million, five-year program managed by the Canada Mortgage and Housing Corporation that will support existing SEMPs.
Open auctions picking up steam in Toronto real estate
We’ve always said that the housing market and its participants would benefit from more transparency, and it looks like open auctions are catching on in the Greater Toronto Area.
Shared home ownership goals more important than looks when it comes to millennials dating
According to a new global survey by HSBC Bank of Canada, 61% of Canadian millennials feel anxious about buying a property, compared to just 20% of baby boomers.
Unpopular opinion: The housing market is in great shape
Is there an affordability crisis? Yes. Are we still lacking supply? Yes. Do we still need more high-density housing near major transit nodes and the zoning to accommodate this type of development? Yes.
3 reasons why the mortgage stress test should not change (for now)
The mortgage stress test has been a hot topic since it was first introduced in 2018. Some in the real estate industry believe the policy has done its job and it’s time to revise it, and some believe it should remain the way it is.
