Ontario proposes new administrative authority to help increase housing supply
In an effort to speed up the construction of new housing, the province of Ontario is proposing the creation of a new administrative authority to conduct and oversee building services.
Greater Toronto Area poised to lead Canada’s top-tier real estate market performance this fall
With a busy summer behind us, it looks like the Greater Toronto Area’s luxury home market is poised for a strong fall, according to Sotheby’s International Realty Canada’s latest Top-Tier Real Estate report.
New single-family home sales continue to climb, but activity remains below long-term levels
August was a slow month for the Greater Toronto Area’s new home market, but that’s normal for this time of year. On a year-over-year basis, activity increased for the new single-family home segment, but sales were still low considering historical levels.
See what new home industry professionals worry about with 2020 right around the corner
Affordability is top of mind for most homebuyers in the Greater Toronto Area, but what do new home industry professionals worry about with 2020 right around the corner?
Ontario struggling the most with Canada’s rental affordability crisis
Thanks to the 2019 Canadian Rental Housing Index, we now have a better picture of the rental affordability crisis in Canada, and it hits hard in Ontario. Of the top 20 federal ridings with the worst rental affordability challenges, 11 are in Ontario.
Canadian home sales increase for the sixth consecutive month
In August 2019, national home sales increased for the sixth month in a row, coming in 17% higher than the six-year low hit in February 2019. On a year-over-year basis, national sales jumped 5%, with significant activity in the Greater Toronto Area.
See how much government fees increase new homes prices in the Greater Toronto Area
There’s been a lot of focus recently on the lack of supply and strong demand driving up home prices in the Greater Toronto Area, but there are other factors to consider: government fees, taxes, and charges.
Lower mortgage rates spur brighter outlook for resale housing market
With a strong summer coming to an end, the Canadian Real Estate Association updated its resale housing market forecast with a slightly more positive outlook for the rest of 2019 and beginning of 2020.
6 housing ideas to consider before heading to the polls in October
The Hub is called REALideas, and it has all the policy recommendations that the leading political parties should take into consideration when releasing their platforms in the coming weeks.
4 ways the government can remove barriers to home ownership
With the federal election right around the corner, REALTOR® associations across Canada came together to make recommendations for all levels of government in an effort to make home ownership more attainable for Canadians.
