5 big changes to Toronto’s housing market
This month kicked off with a busy Toronto City Council meeting; many of the decisions made could have a big impact on the city’s housing market. We’ve highlighted a few for you. 1) The Tenants First strategyThe Tenants First report has a few
Rate hike can benefit the housing market
The Bank of Canada announced a raise of its key policy rate by 25 basis points, up to 0.75%, marking the first hike since September 2010, in the context of an economy approaching “full capacity” and inflation expected to reach its 2% target in the next
Canadian home sales drop due to low activity in the GTA
According to the latest monthly statistics from the Canadian Real Estate Association (CREA), the Greater Toronto Area (GTA) resale market has a lot to do with the overall drop in Canadian home sales. In June 2017, Canadian MLS sales dropped 6.7%.
When will the new condo market cater to first-time buyers?
There was a time when the Greater Toronto Area’s (GTA) new condo market was catering to first-time buyers. And it wasn’t as long ago as you might think. Today, first-time buyers are few and far between, and it doesn’t look like things are going to change
What can we learn from Germany’s housing market?
Before jumping into the intricacies of Germany’s housing market for my weekly post, I want to express my sincere condolences to the friends, family and colleagues of veteran city councillor and deputy mayor Pam McConnell, who succumbed to lung disease
Oshawa housing starts hits record high
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts figures for June 2017, announcing national starts increased. Canadian housing starts trended at 215,459 units in June, compared to 214,570 in May. The trend is a six month
Toronto housing market supporting Ontario’s ‘vulnerable’ economy
According to a recent report from Fraser Institute, an independent, non-partisan, Canadian public policy think-tank, economic growth in Ontario is largely supported by the Toronto housing market. “Toronto’s hot housing market is the one leg propping up
Slow and steady growth forecasted for new home market
The latest report from the Trimart Research Corporation says that the recent changes to government policies (Fair Housing Plan) have had an impact on the new home market across the Total Market Area (TMA). Trimart didn’t explain how the changes have
Fair Housing Plan playing strong role in consumer activity
The Toronto Real Estate Board (TREB) released its monthly resale housing report for June 2017, along with a forecast update for 2017, and the results of two new Ipsos surveys. The one takeaway we have is that the Fair Housing Plan has made a strong
Forget foreign buyers, focus on increasing new home supply
It looks like the figures from the Toronto Real Estate Board (TREB) were accurate; according to their survey conducted in the fall of 2016, foreign buyers in the Greater Toronto Area (GTA) accounted for 4.9% of transactions. The province just released
