Price growth continues to slow across GTA and beyond
The Canadian Real Estate Association (CREA) released its national housing market report for January 2018, announcing a three-year low in home sales through the MLS systems.
New home construction holds steady following 10-year high
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts report for January 2018, announcing steady new home construction continuing from last year. The housing starts trend for January 2018 was 224,865 units, compared
‘When you have weak supply responses…prices have nowhere to go but up’
The Canada Mortgage and Housing Corporation (CMHC) released a new study, Examining Escalating House Prices in Large Canadian Metropolitan Centres. According to their findings, strong economic and population growth along with low mortgage
Catching up with first-time buyers, Larry and Joan
A year ago, we met up with Larry and Joan to talk to them about their new home purchase at Minto Westside in Toronto. They’re both first-time buyers and we learned a lot about how they made the decision together and why they
Toronto at risk of overvaluation despite slowed price growth
The Canada Mortgage and Housing Corporation (CMHC) released its Housing Market Assessment (HMA), announcing Canada’s housing markets as highly vulnerable for the sixth consecutive quarter, mostly due to strong evidence of overvaluation
Increasing new housing supply should be a priority
High prices, declining inventory and strong sales were the hallmarks of 2017, according to a new release from the Building Industry and Land Development Association (BILD). Last year was the fourth-strongest year for new home sales in the GTA
This first-time buyer doesn’t care about cost per square foot
We recently had the opportunity to chat with a first-time buyer about his decision to buy a new construction condo either in downtown Toronto or the Danforth area. As you read through the questions and answers, you’ll find that
Condo demand showing no signs of slowing down
The Toronto Real Estate Board (TREB) released its condo and rental market report for the fourth quarter of 2017 (Q4-2017) announcing steady demand for condo living in the Greater Toronto Area (GTA). GTA realtors reported 5,773
Is the government really to blame for the drop in home sales?
I tend to spend money on things I don’t know how or want to do myself – car repairs, IT problems, occasional catering or housekeeping, etc. I kind of feel the same way about buying real estate. People may kvetch that real estate
Rental demand outweighing supply in the GTA
Urbanation, the Greater Toronto Area’s (GTA) leading source for condo market intelligence, recently released its 2017 fourth quarter rental market report, announcing that supply is not meeting the strong demand. There were 27,219 condo
