Overvaluation eases, but Canada’s housing market still highly vulnerable
The Canada Mortgage and Housing Corporation released its quarterly Housing Market Assessment, reporting that on a national level, the country’s major housing markets are still highly vulnerable, though overvaluation is easing.
New condo prices continue to climb amid supply boost
The Building Industry and Land Development Association released its monthly new home market results for September 2018, reporting an uptick in sales activity across the Greater Toronto Area.
Baby boomers and millennials fuelling the luxury condo market
The 2018 RE/MAX Spotlight on Luxury Report was released recently, reporting a significant drop in luxury detached home sales in Toronto and Vancouver. But, the luxury condo market is going strong.
CREA concerned about rising interest rates as we head into the fall market
The Canadian Real Estate Association released its monthly home sales figures for September 2018, reporting slight concern over rising interest rates and the mortgage stress test.
Building more missing middle housing is only half the battle
The Centre for Urban Research and Land Development recently shared a new report, titled “Townhouses Not a Magic Bullet for GTA Ground-Related Housing Affordability.”
Condo completions to have a ‘calming effect on rent increases next year’
Urbanation, the leading source for condo and rental market intelligence in the Greater Toronto Area, released its third quarter 2018 rental market results, reporting a dire need for more supply.
5 ways the province can improve housing affordability for millennials
Industry leaders are calling on the Ford government to take action to implement solutions to make it easier and more efficient to bring much-needed housing supply to market. The goal is to improve housing affordability specifically for millennials.
National housing starts trend drops in September, but increases in Toronto
The Canada Mortgage and Housing Corporation released its monthly housing starts figures for September 2018, reporting a trend decrease.
Average selling price of a resale condo unit jumps 10%
The Toronto Real Estate Board released its monthly resale market figures for September 2018, reporting a slight increase in sales and average selling price compared to the same month last year.
More than 90% of millennials are concerned about affording a home in the GTA
The Building Industry and Land Development Association, along with the Toronto Real Estate Board, released its final set of data from their Ipsos poll regarding voters’ concerns in the upcoming municipal election.
