36% of millennials believe renting is better than owning
CIBC recently surveyed more than 3,000 Angus Reid Forum panellists online about their thoughts on homeownership. The survey was conducted between March 16th and 20th and included homeowners and tenants. The survey uncovered the fact that many millennials
Canadian housing starts at highest level since 2007
The Canada Mortgage and Housing Corporation (CMHC) released its monthly housing starts data for March 2017, announcing that Canadian housing starts are at their highest level since 2007. The trend is a six month moving average of seasonally adjusted
GTA resale market shows signs of increased supply
The Toronto Real Estate Board (TREB) released its monthly resale market figures for March 2017, announcing that the market finally experienced a year-over-year increase in listings. There were 17,051 new listings in the Greater Toronto Area (GTA) last
Home price growth expected to slow over next 2 years
According to the latest report from Trimart Research Corporation, the supply and demand issue in the new low-rise market continues to bolster home prices. But, Trimart also notes that the Canada Mortgage and Housing Corporation (CMHC) has announced that
'We already have a high capital gains tax': Bob Finnigan
For our second Q&A regarding different cooling strategies for the GTA housing market, we caught up with Bob Finnigan, President, Canadian Home Builders Association (CHBA) and COO, Acquisitions & Housing, Herity, to see what he thinks about some
The argument for the OMB
The Ontario Municipal Board (OMB), the controversial arbitration body that handles land-use appeals, has been long criticized for favouring developers over residents; on more than one recent occasion, city councillors have launched a movement to have
Will amendments to the Growth and Greenbelt Plans worsen affordability issues?
Former mayor of Mississauga, Hazel McCallion, recently released a call out to Premier Kathleen Wynne, requesting that Wynne meet with the mayors and chairs of the Greater Golden Horseshoe (GGH) to discuss the proposed amendments to the Growth and
'A foreign buyers tax is like putting a Band-Aid on a stab wound': Ben Myers
Given the current state of the housing market and the myriad of potential solutions that have surfaced in government and in the media, we reached out to some industry professionals to get their opinion on various strategies. The first person we caught up
Toronto home prices outpacing Sydney and Vancouver
According to a recent study, Sydney, Australia’s home prices are the fastest growing in the world...except for in Toronto. That’s right, the study says Toronto price growth is the greatest out of all major cities (populations of 1 million or more). While
Demand spillover from GTA creating supply shortage in surrounding areas
We’re approaching the end of the first quarter of 2017 - new low-rise sales are gaining momentum, but are still low compared to last year, but not because of a lack of demand. According to Trimart Research Corporation’s latest report, February sales were
