Housing starts take a downward turn in Toronto
The Canada Mortgage and Housing Corporation (CMHC) released its May 2016 housing starts figures, announcing that the national trend declined last month. In May, Canadian housing starts trended at 191,000 units, down from 194,950 in April. The trend is a
Brampton still on top with the most new low-rise sales
After a very busy spring season of new low-rise sales across the Total Market Area (TMA), Brampton maintains its top spot with 2,384 sales so far this year, according to Trimart Research Corporation. Milton is following from a distance with 689 sales,
A condo unit in the 905 is the most affordable option for buyers
Last week, the Toronto Real Estate Board (TREB) released its monthly resale housing figures for May 2016, announcing another record month of sales and shortage of listings. There were 12,870 home sales reported through the MLS last month, which is 10.6%
Are we witnessing the death of the starter home?
Just when you thought it was impossible, the Toronto housing market hit yet another record-breaking month in April. Inventory hit an all-time low and prices hit an all-time high, says the latest from the Building Industry and Land Development Association
Will the new home market heat up with the summer weather?
According to Trimart Research Corporation, there were 2,599 new low-rise sales across the Total Market Area (TMA) in April, which is the most sales the month has seen in the last decade! The majority of the sales were in the east and west regions of the
New low-rise inventory continues to decline through the busy spring season
While new low-rise sales in the Total Market Area (TMA) have shown steady gains throughout 2016, there has been a moderate decline in inventory over the last three months, according to Trimart Research Corporation. So far, 26.8% of the annual Trimart
Inclusionary zoning is only a partial solution to the affordable housing problem
Promised in March, legislation that would give municipalities the power to compel builders to include affordable housing in new residential projects is coming down the pipe. “Inclusionary zoning” would make builders set aside a percentage of new units
The GTA has less than 2 months of new low-rise inventory
The Building Industry and Land Development Association (BILD) just released its new home sales figures for April 2016, announcing another record-breaking month with the low-rise inventory hitting an all-time low and prices hitting all-time highs. As of
Affordable townhomes continue to be a hot item in the new low-rise market
According to Trimart Research Corporation’s latest report, there were 6,573 new low-rise sales across the Total Market Area (TMA) in the first quarter of 2016, which is a 19.9% year-over-year increase. There were many new openings and releases in the
CMHC predicts that national housing starts will slow in 2016 and 2017
The Canada Mortgage and Housing Corporation (CMHC) released its second quarter Housing Market Outlook (HMO), announcing that they expect housing starts on a national level to slow in 2016 and 2017, and that MLS activity will reflect renewed economic
