Average price of a new condo unit in the GTA hits record high
The Building Industry and Land Development Association (BILD) released its new home sales figures for February 2017, announcing record high new condo sales and record low new low-rise inventory. As of the end of February 2017, there were only 1,001 new
Rising prices equal more new townhomes on the market
The latest report from Trimart Research Corporation forecasts an increase in new low-rise inventory across the Total Market Area (TMA) thanks to many scheduled openings and releases during the spring and fall seasons. Anticipate many new townhomes!Prices
Capital gains tax hike or foreign buyer tax?
What device would be better for cooling the hot housing market? A capital gains tax hike or a foreign buyer tax? One thing that’s not up for debate is that buying a home in the GTA and in surrounding areas has become difficult for many home hunters.
Toronto homeowners want laneway suites
A consultation summary report was just released regarding Torontonians’ eagerness to move forward with laneway suites. There were three public consultations led by Evergreen, Lanescape, Councillor Mary-Margaret McMahon (Ward 32, Beaches - East York),
There’s a long list of new home releases and openings, but is it enough?
It seems like we’re retelling the story of low new home inventory woes and rising prices on a weekly basis. The latest report from Trimart Research Corporation says that while demand was stronger than usual through the winter, sales were lower than
TREB warns against a foreign buyer tax in Ontario
Recently, news surfaced that the province of Ontario is reconsidering taxing foreign buyers on real estate transactions. The Toronto Real Estate Board (TREB) was quick to voice its opposition of the idea. According to TREB, a foreign buyer tax would do
New detached home construction surging in Ontario
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts figures for February 2017, announcing that new home construction trended upwards with help from Ontario. Last month, Canada was on pace to hit 204,669 units this year. In
Rising average home prices redefine “luxury”
We watch with increasing incredulity as average home prices in Toronto creep past $1 million, marvelling that a nondescript (or even decrepit) one-time starter home can cost more than a Bugatti. Where once a million dollar price tag had connotations of
New low-rise sales continue to decline as inventory remains low
According to the latest report from Trimart Research Corporation, new low-rise sales across the Total Market Are (TMA) continue to drop compared to last year as inventory stays low around 5,300 units. More than 5,000 new low-rise homes may sound like a
Expect to pay more than $1.2 million for a detached home in the GTA
The Toronto Real Estate Board (TREB) just released its monthly resale housing market figures announcing that February 2017 had more sales than last year despite 2016’s leap year. There were 8,014 sales in the Greater Toronto Area (GTA) reported through
