Will 2017 be another record year for the new low-rise market?
With the Bank of Canada maintaining its overnight rate of 0.5% and the central bank upwardly revising its forecasts for the GDP and inflation, the new low-rise market has stayed strong across the Total Market Area (TMA), says Trimart Research
Will all the new low-rise releases satisfy the strong demand?
You should keep your eye out for more new low-rise sites opening in the first quarter of 2017, says Trimart Research Corporation. Demand for new low-rise housing is so strong that many builders aren’t even waiting until the busy spring time to launch.
Average price of a new low-rise home in the GTA exceeds $1 million
The Building Industry and Land Development Association (BILD) released its new home sales statistics for January 2017, announcing that the average price of a new low-rise home in the Greater Toronto Area (GTA) hit a record high, exceeding $1 million.
Why you don’t have to be afraid of a Toronto housing bubble
In a research note released to clients last week, Bank of Montreal chief economist Douglas Porter says that, with home prices up more than 25% in January compared to last year, there is indeed a Toronto housing bubble. Prices have soared such that
It looks like it’s going to be a good spring for builders and buyers
With interest rates remaining low, Trimart Research Corporation believes that spring 2017 will show strong sales numbers for the new low-rise market across the Total Market Area (TMA).The most recent information from Statistics Canada says that overall
Are you part of Generation Rent?
If you think housing prices are prohibitive here, at least you don’t live in Britain. According to MacLean’s, the dream of home ownership is dead on the other side of the pond. “Letting for life” has become the norm for Generation Rent. A white paper
Is Florida the next hot spot for real estate investors?
We have some interesting news for real estate investors in the Greater Toronto Area (GTA) looking for a second or third vacation home in Miami. Florida-based sales and marketing company, Pordes Residential, has announced a strategic partnership with
Toronto housing starts rebounded in January
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts figures for January 2017, announcing that starts trended at 199,834 units, which is a slight increase from the 197,881 in December 2016. The trend is a six month moving
The GTA housing market: What needs to be done?
When we talk about the housing market, we usually mean economic projections, stats, starts and the like, but the “market” is in another way the people. The sales people, whose livelihoods depend on this business, the buyers, whose families are dreaming
The top 10 cities with the most new low-rise sales in 2016
The latest report from Trimart Research Corporation unveils the top 10 cities in the Total Market Area (TMA) with the most new low-rise sales in 2016. By a landslide, Brampton came in first with 4,336 new low-rise sales last year. Milton followed in
