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Proposed Growth Plan amendment aims to increase housing supply
The province of Ontario has shared its proposed changes to the Growth Plan to gain feedback from the public. Soon after the changes were shared, the Ontario Home Builders’ Association expressed their support of the proposed amendment.
Why you don’t have to be afraid of a Toronto housing bubble
In a research note released to clients last week, Bank of Montreal chief economist Douglas Porter says that, with home prices up more than 25% in January compared to last year, there is indeed a Toronto housing bubble. Prices have soared such that
The S.S. Keewatin has Returned to Canada!
After more than a century cruising the Great Lakes, S.S. Keewatin's final journey ranked as her most memorable. The illustrious relic of Canadian maritime history finally came home.
Final phase of Ancroft Place now available
Canlight Realty Corporation has released the final suites at Ancroft Place for sale. Previous phases sold out within days, so great is the demand for these charming English-country-style two- and three-storey homes, set on a leafy cul-de-sac in the Roseda
CHBA recommends 5 ways to address housing affordability challenges
At the end of February, the Canadian Home Builders’ Association Day on the Hill took place, where CHBA met with members of parliament and senators to provide potential solutions to the housing affordability challenges Canadians face across the country.
CMHC Predicts Housing Starts to Stabilize Through 2014 and 2015
By Penny MunozThe latest report from the Canada Mortgage and Housing Corporation (CMHC) predicts that Canadian home builders will likely decrease the number of housing starts in the next couple years as demand from first-time buyers declines and interest
Save the date: Take a Ride for MacKids is on June 16th!
We’re now less than a month away from the highly anticipated Take Ride for MacKids event, hosted by Reid’s Heritage Homes in support of McMaster Children’s Hospital and the Caring for Little Kidneys campaign.
The First-Time Homebuyer Experience
One of the best ways to learn more about buying your first home is to talk to a first-time homebuyer who has already gone through the process. That’s why we chatted with Gea Koleva, a 30-something Torontonian woman who recently purchased her very first
Greater Toronto Area real estate heating up with the weather
In April, there were 9,042 home sales in the Greater Toronto Area reported through the MLS system, which is 16.8% higher than the same period last year. This is also 11.3% higher than the amount of sales in March 2019.
Average First-Time Buyers’ Budgets Increase to $316,100
The Bank of Montreal (BMO) released its First-Time Home Buyers Report, announcing that the average first-time buyer has increased their average budget to $316,100 (compared to $300,000 in 2013).While the average budget has jumped over $16,000, the
