2018 to be a strong year for the housing market
The crash never came and we’re at the tail end of another good year. Year-over-year house sales were down, but we weathered new government regulations designed to cool us off, and demand continues to outstrip supply. Believe it or not, some
Foreign buyer share remains low and stable in Toronto
According to the Canada Mortgage and Housing Corporation (CMHC), based on data released by Statistics Canada, foreign homeownership (or non-residents ownership) in Canada remained low and stable in 2017. 17 Canadian Census Metropolitan
What we learned from our most popular news stories of 2017
We dug into our analytics to see which news stories posted in 2017 received the most traffic (excluding posts about new home openings and new home developments). After reviewing the data, we learned a few obvious and not so obvious things about our
A year of intriguing urban designs, concepts and ideas
With the advancement of technology, the growing need for higher density living, and the strong demand for residential development in the downtown core, many intriguing urban designs, concepts and ideas surfaced in 2017. The Greater Toronto Area
Expect home sales to drop off in early 2018
The Canadian Real Estate Association (CREA) released its monthly home sales data for November 2017, and they also updated their resale housing market forecast. From October to November, national home sales jumped 3.9%, an unusual
Pemberton sells more high-rise suites than any other GTA builder in 2017
Time and Space As we continue our look back at the best of 2017, we need to focus in on one builder/ developer in particular – Pemberton Group. Why do we need to highlight Pemberton? According to independent research conducted
Thinking of putting your secondary suite on Airbnb? Think again!
Toronto city council voted last week to regulate short-term rentals in the city, making it harder for Airbnb listers to make a few bucks on vacation rentals. The new regulations will let homeowners rent only their principal residence; rentals of entire
The most memorable industry events of 2017
Every year, the Newinhomes.com team has the pleasure of attending numerous industry events. While we enjoy them all, there are a few that stand out either because we had a great time or because it celebrated a certain milestone and impacted the
New short-term rental regulations coming in 2018
The City of Toronto just announced a new bylaw to regulate short-term rentals. The new bylaw was mostly brought on by the growth of Airbnb in Toronto. The bylaw allows homeowners and tenants to operate short-term rentals in their principal
Low evidence of overbuilding in Toronto
The Canada Mortgage and Housing Corporation (CMHC) just released its housing starts report for November 2017, announcing a surge in multiple-unit construction, partially thanks to Toronto. The housing starts trend for all of Canada last
