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.
Passive House design may be the way of the future
The federal government recently announced funding for a new affordable rental building in Whistler that will meet Passive House standards. There will be 24 units, including four studios, 13 one-bedrooms, and seven two-bedrooms.
All-female development team hosts women-focused design consultation for Reina Condos
The Reina team identified approximately 650 issues that were brought up, and then separated them into 30 categories. The top five categories were layout, storage, soundproofing, flexible space, and greenery/natural elements.
There are 120 construction cranes active in Toronto right now
Rider Levett Bucknall released its July 2019 Crane Index recently, and Better Dwelling had a few additional details about the report. The Crane Index looks at 13 major cities in North America and tracks the amount of cranes on the skyline.
Resale condo market remains tight through the first half of the year
According to the Toronto Real Estate Board, there were 7,038 condo sales reported through the MLS in the second quarter of 2019, which is a year-over-year increase of 3.2%.
Average price of a new condo in the Greater Toronto Area surpasses $800,000
Compared to last year, 2019 is proving to be a strong one for new home sales in the Greater Toronto Area, according to a new report from the Building Industry and Land Development Association.
Nearly half of Canadian parents plan to help their kids buy a home
The Housing Affordability Survey, a Leger poll of more than 1,500 Canadians, commissioned by FP Canada, discovered that 48% of parents with children under 18 years of age intend to assist with the purchase of a first home.
Mass timber construction could help increase housing supply
There’s been a lot of tension between the province of Ontario and municipalities, especially Toronto, but one piece of seemingly good news is the recent funding for a new mass timber manufacturing facility.
Looking for a cottage? Recreational property prices are on the rise!
In Ontario, recreational property prices increased 8% year-over-year. Properties with water access in places like Collingwood and Blue Mountain saw median prices going up as much as 36%. The Haliburton waterfront area saw prices increasing nearly 30%.
