New home starts increasing in Toronto due to limited resale supply
The Canada Mortgage and Housing Corporation (CMHC) released its monthly housing starts report for June 2016, announcing an increase in new home starts across Canada. The trend measure for last June was 197,918 units, which is a slight increase compared
Expect listings in the GTA to continue dropping
The Toronto Real Estate Board (TREB) released its June 2016 resale housing figures, announcing that the spring was capped off with a very strong month of sales.Last June, there were 12,794 transactions reported through the MLS, which is a 7.5%
New home releases expected to slow despite inventory shortage
Traditionally, summer is a slow period for new home releases and openings across the Total Market Area (TMA), but since inventory levels have fallen so low and demand is so strong, there was a time when we thought that builders would continue to release
How will Brexit affect Canadian housing markets?
The word of the week has got to be “Brexit.” Unless you’ve been living on a remote island in the South Pacific, you know that Great Britain voted to exit the European Union. Since the vote, every feed, timeline and old-fashioned print pub has been awash
The top 5 builders with the most new low-rise sales
We’re only a few days into summer and it’s already proving to be a hot one, from both a temperature perspective and for new low-rise sales in the Total Market Area (TMA). According to Trimart Research Corporation, there are many new releases and openings
Canadian household net worth hits all-time high
The Canadian household net worth reached an all-time high in the first quarter of 2016, according to Trimart Research Corporation. The market value of household net worth increased 3.8% compared to the same period last year, hitting $9.63 trillion. High
Will taxing foreign investment cool the housing market?
CIBC’s deputy chief economist, Benjamin Tal, this week called for taxation of foreign real estate buyers in British Columbia, saying that while foreign investment isn’t the only thing driving Vancouver prices into the stratosphere, it is a factor. Taxing
New high-rise sales booming in the GTA as the new low-rise supply dwindles
The Building Industry and Land Development Association (BILD) just released its new home sales figures for May 2016, announcing that new high-rise sales are surging due to the shrinking new low-rise inventory. According to Altus Group, BILD’s trusted
New home sales expected to stay strong through the summer
According to Trimart Research Corporation’s incoming new home sales figures, this spring is shaping up to be the most active spring ever in the Total Market Area (TMA). As of the end of April 2016, 37.5% of Trimart’s annual forecast had been achieved,
Is entrepreneurship the answer to Toronto’s rising home prices?
The federal government said this week it would conduct an analysis of the Canadian real estate market on the road to deciding whether legislative changes are needed to correct escalating prices or mitigate the effect of foreign investment on
