Sugar Wharf by Menkes is the best-selling new condo in Canada
The five condo towers will range from 64-90 storeys. When the first two launched last summer, Menkes sold 1,241 of the 1,463 available units. That’s 85%! This success was seen in a year of cooling, as new condo sales fell 38% compared to 2017.
How to increase the supply of missing middle housing in Toronto
The Centre for Urban Research and Land Development released a new report exploring strategies for increasing the supply of “missing middle” housing in Toronto.
Expect fewer new homes breaking ground in Toronto during 2019
The Canada Mortgage and Housing Corporation released its monthly housing starts figures for January 2019, reporting that starts held steady compared to the previous month.
Greater Toronto Area condo market expected to level out in 2019
Urbanation, a leader in Greater Toronto Area condo market intelligence, recently released its 2018 year-end market results, and it looks like 2019 will be a year of moderation.
Average selling price of a Greater Toronto Area home will exceed $800,000 in 2019
The Toronto Real Estate Board released its 2019 Market Year in Review and Outlook report, predicting more sales, higher prices, and tight supply.
Only 18% of young Canadians putting off buying a home due to current debt load
Recently, Angus Reid Institute, in partnership with the Globe and Mail, released the results of a new public opinion poll about Canadian debt.
Canadian housing market still highly vulnerable as overvaluation eases in Toronto
The Canada Mortgage and Housing Corporation released its quarterly Housing Market Assessment, reporting that the country’s housing market overall is still highly vulnerable, mostly due to price acceleration and overvaluation.
Cutting red tape isn’t the solution for all housing markets
The City of Ottawa issued a letter to the province recently, urging them to look beyond the Greater Toronto Area when exploring solutions to improve the housing market.
Resale housing market starts the year off strong with an increase in sales
The Toronto Real Estate Board released its resale housing market results for January 2019, and also provided a sneak peek of this year’s Market Year in Review and Outlook report.
More transparent bidding wars may benefit buyers and sellers
Bidding wars can make the resale housing market a scary place. But the only reason a bidding war can be scary is because you have to go into it blind. That may change soon.
