1.7 million Canadian households in inadequate housing
The Canada Mortgage and Housing Corporation (CMHC) and Statistics Canada released its core housing need report, announcing that 1.7 million households live in core housing need. Representing 12.7% of Canadian households, this housing need
Home sales may spike in November and December
According to the CREA, we maysee home sales spike in November and Decemeber as buyers rush to purchase before the new mortgage regulation kicks in!
GTA housing expected to become even less affordable
According to a new report from CIBC, the GTA housing market is on course to become even less affordable! Supply is the issue, but what's the solution?
New home construction staying steady through the fall
The CMHC released its October 2017 housing starts report, announcing that new home construction will remain steady through the fall.
The GTA needs more family friendly condos
With millennials aging and baby boomers looking to downsize, it looks like Toronto needs more family friendly condos under development.
‘Missing middle’ typologies are key to affordable housing
Newinhomes.com recently had the opportunity to interview Frances Martin-DiGiuseppe, Architect, OAA, AAA, MRAIC, Principal, Q4 Architects. Her firm focuses on all types of projects including residential, retail, commercial, rental, and more.
Selling prices increase for all housing types, except detached homes
The Toronto Real Estate Board (TREB) released its monthly resale report for October 2017, announcing a dip in Greater Toronto Area (GTA) home sales for all housing types. In total, there were 7,118 sales reported through the MLS last month, a significant
GTA condo market ‘poised for moderation in 2018’
Urbanation, the Greater Toronto Area’s (GTA) leading source for condo market information, released its third quarter 2017 (Q3) report, announcing that condo sales will likely cool down in 2018. In Q3, there were 4,577 condo sales in the GTA, which is a
Toronto housing still at risk of overvaluation
The Canada Mortgage and Housing Corporation (CMHC) released its latest Housing Market Assessment (HMA) and Housing Market Outlook (HMO), declaring that overall Canadian markets are “highly vulnerable” with evidence of overvaluation and price
Average price of a new condo in the GTA increases 36%
The Building Industry and Land Development Association (BILD) just released its new home sales figures for September 2017, announcing that new condo sales in the Greater Toronto Area (GTA) are on pace with the 10 year average. There were 2,101 new home
