You need to buy a home in Brantford before everyone else does
With home prices continuing to rise in the Greater Toronto Area (GTA), many buyers are looking to other nearby markets for a wider selection of affordable options. Over the last couple years, we’ve noticed a gradual shift to Brantford, which has seen
Home builders confident in the fall market
According to Trimart Research Corporation’s latest report, new low-rise sales slowed down through the summer across the Total Market Area (TMA), which includes the Greater Toronto Area (GTA), parts of Simcoe County, and the Golden Triangle area
High-rise construction strong due to ‘unprecedented’ level of condo sales
The Canada Mortgage and Housing Corporation (CMHC) released its monthly housing starts report for August 2017, announcing that starts in Canada trended higher last month.Nationally, the trend increased to 219,447 units, compared to 217,339 in July. The
Average selling price up despite big drop in sales
The Toronto Real Estate Board (TREB) just released its monthly resale housing market report for August 2017, announcing another month of low sales reported through the MLS.There were 6,357 home sales in the Greater Toronto Area (GTA) last month, which is
New home supply falls to record low
The Building Industry and Land Development Association (BILD) released its new home sales figures for July 2017, announcing that as prices continue to rise, sales and supply are still dropping. There were only 1,752 new home sales in the Greater Toronto
How Canada’s mediocre productivity affects housing prices
I was about to get out of the car the other day when, on 1010 AM radio, I caught the beginning of a discussion about Canadian productivity, defined as the gross domestic product (GDP) per hour worked. I didn’t stick around for the discussion, but I was
Find out why this real estate agent welcomes the slowdown
I entered the industry at an interesting time. Average prices were hitting record highs, resale and new home supply were at all-time lows, and people were still buying like crazy. As a new agent, it was overwhelming, which is why I’m welcoming a cooler
Looks like curb appeal is important again
The time has come - we’re no longer seeing aggressive bidding wars on derelict homes in the resale market. In fact, the Toronto Real Estate Board (TREB) recently announced that the resale housing market saw a 40% year-over-year drop in sales in July
GTA home prices may drop 10%
The Teranet-National Bank Composite House Price Index released Monday says Canadian home prices rose 2% in July 2017 over June, and 14.2% over last year. The monthly increase in Toronto was 2.1%, although the report claims there are signs of weakness in
London housing starts surge due to affordability issues in Toronto
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts report for July 2017, announcing a trend increase, no thanks to Toronto. In July 2017, national housing starts trended at 217,550 units, up from the 215,175 in June. The
