Condo development showing no signs of slowing down!
Statistics Canada released 2016 Census data and announced a few key highlights of housing in Canada. Don’t get too excited - the findings aren’t really surprising.Out of 14.1 million households, more than 9.5 million were owned, which is a homeownership
Does the strong rental demand mean it’s time to invest?
The Toronto Real Estate Board (TREB) released its third quarter 2017 condo market figures, announcing significant year-over-year price growth and a drop in sales in the Greater Toronto Area (GTA). “The condominium apartment market segment has exhibited
Could your mortgage pass the (stress) test?
The Office of the Superintendent of Financial Institutions Canada (OSFI) yesterday published the final version of its Residential Mortgage Underwriting Practices and Procedures, which will come into effect January 1, 2018. As it applies to all federally
Foreign buyer tax shows ‘little impact’ on Vancouver home prices
Royal LePage recently released its third quarter 2017 report, collecting and analysing data from 53 of Canada’s largest housing markets.Nationally, the average home price went up 12% year-over-year to $545,414, but as we are sure you’re aware, Canada is
National average home price heavily skewed by Toronto and Vancouver
The Canadian Real Estate Association (CREA) released its national home sales statistics, announcing that home sales edged up in September 2017. When the CREA says sales increased in September, they mean from August 2017; sales went up by 2.1%. On a
Supply shortage causes spike in monthly rents
Urbanation, the leading source for Toronto condo market statistics, released its third quarter 2017 rental results, announcing that rents continue to soar as supply drops. The number of Greater Toronto Area (GTA) rental transactions reported through the
These intersections demand Toronto’s highest condo prices
According to the Red Pin, a few key Toronto intersections are cornering the market (pun intended) on condo appreciation. The brokerage looked at 25 intersections in the downtown core, and found that two-bedroom condos at Bay and King and Bay and Bloor
Ontario housing starts stable thanks to strong demand in new home market
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts data for September 2017, announcing that the trend decreased for the first time in many months. National housing starts trended at 214,821 units, which is slightly lower than
Developers aim to avoid millions of dollars of fees in downtown Kitchener
Does this mean it’s time to invest in Kitchener? A recent article on The Record drew attention to the fact that downtown Kitchener will likely see a construction boom over the next couple years as developers scramble to avoid expensive development
Increase in listings a sign of confidence in the resale market
The Toronto Real Estate Board (TREB) released its resale housing market figures for September 2017, announcing a big drop in year-over-year sales and an increase in listings. Last month, there were 6,379 sales reported through the MLS, which is a 35%
