First-time buyers remain confident despite rising prices
The Toronto Real Estate Board (TREB) released its resale housing figures for January 2017, announcing that last year’s inventory shortage will probably continue through the year, causing prices to surge. Despite this, first-time buyers remain
New condo sales in the GTA hit an all-time high in 2016
Urbanation, the most trusted source in the Greater Toronto Area (GTA) for new condo market intelligence, released its fourth quarter figures for 2016, announcing a record year for new condo sales. In 2016, there were 27,217 new condo units sold in the
TREB says a foreign-buyer tax would be ‘misguided’
The Toronto Real Estate Board (TREB) released its Market Year in Review & Outlook Report 2017, focusing on consumer intentions, affordability, supply, and foreign buyer activity. On behalf of TREB, Ipsos conducted a homebuyer survey in 2016 so the
Will condo sales in Peel and Durham increase this year?
The Toronto Real Estate Board (TREB) released its condo market report for the fourth quarter of 2016, announcing that there was a double digit increase in sales growth and a double digit drop in the percentage of new listings compared to 2015. There
New low-rise sales dropping with inventory numbers
The latest report from Trimart Research Corporation announced that there were 22,338 new low-rise sales across the Total Market Area (TMA) in 2016! That’s the second highest number of sales in nine years. December sales dropped 23.7% compared to the
2016 was a record year for new home sales in the GTA
According to the first report of the year from the Building Industry and Land Development Association (BILD), 2016 was a record year for low inventory, high prices, and high-rise condo sales in the Greater Toronto Area (GTA). Altus Group, BILD’s trusted
Buyers remain confident in Ontario’s housing market
Despite the mixed forecast for Canadian economic growth in 2017, the housing market looks like it will remain stable this year, says Trimart Research Corporation. Ontario will be the country’s powerhouse as far as housing markets go, especially the Total
Soaring GTA house prices affecting neighbouring areas
The Canada Mortgage and Housing Corporation (CMHC) says in its latest Housing Market Insight (HMI) report that they detect “moderate or elevated evidence of overvaluation” in Hamilton and communities (barely) within commuting distance of the GTA. They
The 10 most unaffordable major housing markets in the world
So, you think Toronto’s an expensive place to buy a home? Not according to the 13th Annual Demographia International Housing Affordability Survey: 2017. Hong Kong took the top position as the most unaffordable housing market, followed by Sydney,
Is January the best time to buy a home?
Were you among the savvy purchasers who got onto the real estate ladder yesterday? The Toronto Real Estate firm TheRedPin says January 17th is the single best day to buy a home in Toronto, with buyers saving an average of $60,000 and experiencing fewer
