How to get over your crippling housing FOMO
We realize it isn’t 2007, but FOMO (fear of missing out) is the best way to describe the anxiety that many prospective homebuyers are feeling at this point in time. Toronto’s real estate market is hot - some say it will be even hotter than Vancouver in
Exploring the philosophy of property ownership
There was another one of “those” stories on social media last week — some property owner protecting what’s theirs by stringing wire across an ATV track to clothesline those who would dare trespass (in the winter, these stories are about snowmobile tracks
Here are the top 5 cities with the most new low-rise sales
The latest report from Trimart Research Corporation lists the top five cities with the most new low-rise sales across the Total Market Area (TMA). As expected, first place is taken by Brampton with 3,391 sales this year. Milton is in second with 998
Condo construction slows down through the summer
The Canada Mortgage and Housing Corporation (CMHC) released its national housing starts data for August 2016, announcing that starts trended lower last month due largely to a slowdown in condo construction.The trend measure for housing starts in August
The GTA is on track for another record year of home sales!
The Toronto Real Estate Board (TREB) released its resale housing market figures for August 2016, announcing that the Greater Toronto Area (GTA) is on track for another record year of home sales.In August 2016, there were 9,813 home sales reported through
Builders are releasing new homes gradually to manage low inventories
Trimart Research Corporation’s latest report stresses that the lack of inventory in the new low-rise market across the Total Market Area (TMA) is affecting home prices. Builders are running low on supply so they are limiting the number of lots they
Foreign investment tax in B.C. causes a big drop in sales
On the heels of the introduction of a 15% tax on foreign investment that went into effect July 25th in the Vancouver market, home sales have taken a major dip. August isn’t typically a hot month for real estate, but the first two weeks of the month saw a
The third quarter of 2016 is expected to end with a surge in new home sales
According to the latest report from Trimart Research Corporation, new low-rise sales across the Total Market Area (TMA) saw a significant decrease, but you should expect the third quarter to pick up in September. There were 1,107 new low-rise sales
4 things you need to know before the end of the week
The week is about halfway done, but I feel like so much has happened across the Greater Toronto Area (GTA). Instead of focusing on one topic this week, I’m highlighting four bits of news that you need to know before the weekend comes. 1) The average
The average price of a new low-rise home in the GTA now exceeds $900,000
The Building Industry and Land Development Association (BILD) released its new home market sales figures for July 2016, announcing that the average price of a new low-rise home in the Greater Toronto Area (GTA) has hit a record high. According to Altus
