Average price of a new condo in the Greater Toronto Area surpasses $800,000
The Building Industry and Land Development Association released its new home sales figures for January 2019, reporting that the Greater Toronto Area’s new home market is off to a good start this year!
How millennials influence homebuying patterns in the Greater Toronto Area
A recent report from RE/MAX of Ontario-Atlantic Canada says that homebuying activity in the Greater Toronto Area has shifted to the west, but millennials may swing activity back to the east in the near future.
A closer look at residential real estate in York and Durham
As two large, neighbouring regions, we thought it’d be interesting to compare them with regards to what to expect from the residential real estate market in 2019.
Royal Port in Port Dalhousie now more than 50% sold!
We just received news that Royal Port in Port Dalhousie by Rankin Construction Inc. is more than 50% sold and the sales centre is now open to the public!
Builders report 33% drop in first-time buyers
It’s now been more than a year since the stress test came into effect. The policy requires that you qualify at 2% higher than your agreed upon rate with your lender. This test applies whether you put down more or less than 20% on the home.
Canada investing $638 million to address Indigenous homelessness and housing affordability
The Government of Canada recently announced a $638 million investment in creating, supporting, and maintaining safe and affordable housing for Indigenous peoples across the country.
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Ontario making strides to fix Tarion’s ‘broken system’
The Ontario government recently announced that they are in the process of fixing Tarion Warranty Corporation’s “broken system” in an effort to better protect new home buyers.
How to keep your home renovation on budget
Staying on budget is a challenge when there are so many factors at play, so we’re sharing a few key tips to remember for when you’re budgeting your next home renovation!
It’s time for Toronto to get creative with public-private partnerships
Sidewalk Labs offered to invest billions to build transit and essentially lay the groundwork for future development in the Port Lands area in Toronto. All they wanted in exchange was...a cut of property taxes and development fees.
Governments and corporations own just 7% of residential properties in Ontario
The Canada Mortgage and Housing Corporation recently released highlights of its latest Housing Market Insight report, which focused on individual and non-individual residential property ownership.
