CREA blames stress test for fewer home sales across Canada
The Canadian Real Estate Association (CREA) released its monthly national housing market report for April 2018, announcing a big drop in sales.
Average selling price of a detached home remains above $1 million
The Toronto Real Estate Board (TREB) released its monthly resale housing market figures for April 2018, announcing a drop in sales, average selling price, and listings.
More than 60,000 new condo units under construction
The Greater Toronto Area’s (GTA) leading source for condo market intelligence, Urbanation, released its first quarter report for 2018 (Q1-2018). Following a record year for the new condo market, things are starting to calm down a bit.
Foreign buyer activity drops in the GTA
According to a recent report from Royal Bank of Canada (RBC), foreign buyers now make a stronger impact in Ottawa compared to the Greater Toronto Area (GTA), though Vancouver and Victoria remain the top spots for non-resident speculators.
Development charge rebates to stimulate creation of affordable rental housing
The province of Ontario recently announced development charge rebates in an effort to stimulate the creation of more affordable rental housing.
Toronto housing market still at risk of overvaluation
The Canada Mortgage and Housing Corporation (CMHC) released its quarterly Housing Market Assessment (HMA), announcing that the national market is highly vulnerable for the seventh consecutive quarter.
A different way of looking at housing supply
Even when the Greater Toronto Area (GTA) housing market is calming down it seems hot. New single-family home sales in March 2018 dropped 77% compared to the same period last year, but the benchmark price is still more than $1.2 million.
Benchmark price for a new condo unit in the GTA increases nearly 40%
The Building Industry and Land Development Association (BILD) released its new home sales figuresfor March 2018, reporting a slow month for the Greater Toronto Area’s (GTA) housing market.
Average rent for a 1-bedroom condo unit in the GTA nearly $2,000
The Toronto Real Estate Board (TREB) released its resale and rental condo reports for the first quarter of 2018, announcing a notable increase in average selling price in the Greater Toronto Area (GTA).
National average home sale price drops more than 10%
The Canadian Real Estate Association (CREA) released its national home sales report for March 2018, announcing a 10.4% year-over-year drop in average sale price.
