Problematic housing conditions in Canada are getting worse
The Canada Mortgage and Housing Corporation (CMHC) just released its latest Housing Market Assessment (HMA), announcing that overall Canada’s problematic housing conditions have shifted from weak to moderate. CMHC has found evidence of overvaluation and
Is British Columbia’s new foreign-buyer tax bad news for Toronto?
Friends of mine in Vancouver are on the brink of a move. They’re thinking of selling their East Vancouver property and moving to Coquitlam, where the $1.38 million home they’re looking at sold for $319,000 just 13 years ago. The home they’re in now, just
The price of a new low-rise home in the GTA has more than doubled since 2006
The Building Industry and Land Development Association (BILD) released its new home sales figures for June 2016, announcing a decrease in sales and inventory as well as record high pricing. There were 4,166 sales in June across the Greater Toronto Area
The average selling price of a condo unit in the GTA is $415,326
The Toronto Real Estate Board (TREB) released its second quarter (Q2-2016) condo market figures for sales in the Greater Toronto Area (GTA), announcing that it’s a seller’s market. Between April and the end of June, there were 8,965 condo sales reported
How will Pokémon Go affect the real estate market?
So, this Pokémon Go thing has really taken off. When something impacts the world like this, whether it’s a game, a politician, or a natural disaster, it’s difficult for us not to think about how it will affect the real estate market. Naturally, we had to
Don’t worry, it’s still a good time to buy a new home in Toronto
As we watch house prices continue to climb and climb, it’s natural to think about the old truism that what goes up must come down. In the real estate market, that tends to be true only temporarily — what goes up comes down a bit for a while before
Watch the highlights of the Net Zero Energy Homes story
Owens Corning Canada in collaboration with NRCan just released a new video highlighting the Net Zero Energy Homes story from start to finish. If you haven’t been following all the Net Zero news, then this video is a must see, especially if you believe
New low-rise communities selling out through the summer
According to the latest report from Trimart Research Corporation, new low-rise sales gains have stayed steady through the summer despite global economic uncertainty, a decline in Canadian job growth, and a serious lack of inventory.Summer is
TREB appeals Competition Tribunal’s order to release sold data
The Toronto Real Estate Board (TREB) has said it will appeal Monday’s decision by the Competition Tribunal to allow the release of property sold data and pending sold data for broad Internet dissemination without requiring the explicit consent of
Affordability and new home inventory pulling homebuyers out of the GTA
According to Trimart Research Corporation, the north region of the Total Market Area (TMA) saw the largest gains in new low-rise sales throughout the spring, largely due to the success of Phase 1 of Belle Aire Shores in Innisfil by Fernbrook Homes,
