Living Bridge: A potential solution to Toronto’s housing supply shortage
Farrow Partners’ Living Bridge concept is making waves. The interesting design reimagines the Bloor Viaduct in Toronto as a mixed-use, sustainable community. The paper, “Living Bridges: Healthy urban Infrastructure as a Multi-use Economic Asset,” was
Resale housing market sees 40% drop in sales
The Toronto Real Estate Board (TREB) released its monthly resale housing report for July 2017, announcing a significant year-over-year drop in sales in the Greater Toronto Area (GTA). Last month, GTA realtors reported 5,921 transactions through the MLS
New condo supply falls to 15-year low
Urbanation, the authority on the Greater Toronto Area’s (GTA) new condo market statistics, released its second quarter 2017 (Q2-2017) report, announcing that the new condo market is still surging as the resale condo market moderates. Also, new condo
Maybe it’s time to cut the red tape to build more new homes
Using the Houston area for comparison, the Toronto Sun this week says that the government needs to be freeing up housing supply rather than trying to curb foreign demand. Both CMAs house about 6.5 million people, the paper says, but Houston planners
New low-rise pricing remains high as sales drop
As new low-rise pricing remains high, demand strong, and supply low, monthly sales across the Total Market Area (TMA) have dropped again, according to Trimart Research Corporation. But, as Trimart mentioned last week, there are many new home releases and
Strong risk of overvaluation in Toronto and Hamilton
The Canada Mortgage and Housing Corporation (CMHC) released its quarterly Housing Market Assessment (HMA), announcing that overall, Canada’s housing markets are showing “strong evidence of problematic conditions.”The overall problematic conditions are
Resale market cools as new home market remains hot
According to the Toronto Real Estate Board (TREB), MLS-listed sales in the GTA in June were down more than 37% compared to June 2016 and nearly 40% down in the first 14 days of July. The Canadian Real Estate Association (CREA) said Monday that a 15%
‘Perfect storm’ causes record high new condo sales
The Building Industry and Land Development Association (BILD) released its new home sales figures for June 2017, announcing another record month of new condo sales in the Greater Toronto Area (GTA). Though the Toronto Real Estate Board (TREB) just
Condo sales drop in second quarter 2017
The Toronto Real Estate Board (TREB) released its second quarter 2017 condominium market statistics, announcing an overall drop in sales across the Greater Toronto Area (GTA) compared to the second quarter 2016. In the second quarter 2017 (April to end
Upcoming new home openings will boost low-rise sales
When it comes to the Total Market Area (TMA), which includes the Greater Toronto Area (GTA) and surrounding areas like the Golden Triangle and Simcoe County, the new low-rise market is still a story of strong demand and low supply, says the Trimart
