Offshore investing heats up Vancouver’s housing market
It’s been posited that offshore investment has inflated prices in both of Canada’s hottest housing markets — here and in Vancouver — and a recently released study confirms the suspicion for West Coasters.Data obtained by the NDP MLA for Vancouver-Point
Townhomes continue to be the affordable option for low-rise buyers
The demand for new low-rise homes is almost out of control as inventory levels have fallen to record lows. According to RealNet Canada, there’s only about three months of inventory available across the Greater Toronto Area, based on 2015 sales trends.
Toronto housing market still at risk of overvaluation
The Canada Mortgage and Housing Corporation (CMHC) released its latest Housing Market Assessment (HMA) report for Canada and 15 census metropolitan areas. The HMA finds “strong overall evidence of problematic conditions” in Toronto, as well as Winnipeg,
Average price for a new home in the GTA hits record high
The Building Industry and Land Development Association (BILD) just released its GTA new home market figures for September 2015, announcing record high prices for the low-rise and high-rise markets. The new low-rise market saw an 18% year-over-year
Will Canada’s housing markets moderate in 2016 and 2017?
The Canada Mortgage and Housing Corporation (CMHC) has released its Fourth Quarter 2015 Housing Market Outlook, Canada Edition, announcing that the country’s housing markets should moderate over the next couple years.“In 2015, increased housing market
Homebuyers still flocking to new fall low-rise openings and releases
According to Trimart Research Corporation’s latest report, homebuyers are still flocking to fall low-rise releases and openings across the Greater Toronto Area (GTA). With the supply of new low-rise homes at an all-time low, homebuyers are attending
What a Liberal government means for the housing market
That’s it — arguably the hottest Canadian election of our time is over, and we’re awash in a red sea. Except for Thornhill and Markham/Unionville, Oshawa and north Durham, the entire GTA is now held by the Liberal party.In downtown’s much-anticipated
Third quarter condo sales up 11% compared to last year
The Toronto Real Estate Board (TREB) recently released its third quarter resale condo market results for 2015, announcing a huge jump in condo unit sales across the TREB market area. “The condominium apartment market segment has been a key contributor to
A brief summary of BILD’s Economic and Housing Outlook 2016
Last week, the Building Industry and Land Development Association (BILD) hosted the Economic and Housing Outlook 2016 Breakfast, where Derek Burleton, Deputy Chief Economist with TD Bank Group, and George Carras, President of RealNet Canada spoke about
New low-rise sales expected to stay steady leading into 2016
According to Trimart Research Corporation, more than 80% of their annual forecast of new low-rise sales has been achieved, and that’s not even including all of the September sales that took place. As we find ourselves at the beginning of the fourth
