GTA Sees Largest Increase in Home Sales Over $1 Million
Recently, Sotheby’s International Realty Canada released their bi-annual Top-Tier Real Estate Report, announcing that the Greater Toronto Area (GTA) lead the country with a 38% year-over-year sales volume increase for homes priced over $1 million.The
What Does 2015 Hold for the GTA’s New Home Market?
Welcome to 2015! Last year was very exciting for the new home industry; low-rise homes saw record highs for average pricing and the condo market saw record high sales. Builders and developers focused more on targeting first-time homebuyers and end-users,
TMA Low-Rise Sales Exceed Trimart Annual Forecast
As of November, the Total Market Area’s (TMA) new low-rise market has already achieved 107% of Trimart’s annual forecast. According to Trimart, there were 1,423 sales in November, and the inventory level has stayed steady around the 12,000 level.
Average Price for New Low-Rise Breaks $700,000 for First Time Ever
We knew it was possible, but weren’t sure if it was going to happen. The average price for new low-rise homes in the Greater Toronto Area (GTA) set a record high again, announced the Building Industry and Land Development Association (BILD).According to
Election Promises Sparked Development Talk in 2014
2014 was an interesting year in the GTA — Ontario held a provincial election that returned the Liberal party to power with a majority and the province also held municipal elections, which got John Tory in the mayor’s seat and again brought up the
Low-Rise Momentum Strong Through Holiday Season
According to the Trimart Research Corporation, the record breaking fall season built up a ton of momentum for the Total Market Area’s (TMA) new low-rise market, so November sales are showing strong sales figures compared to last year. In the last two
2015 New Home Market Predictions by Ben Myers
When it comes to getting a clear picture of the shape of Canada’s and the Greater Toronto Area’s (GTA) new home market, Ben Myers is the one to talk to. As Senior VP, Market Research & Analytics at Fortress Real Developments, and formerly of
Guelph Communities Take Over the Trimart Hot Spot
With a high volume of new openings and releases in October, the low-rise market was well stocked heading into November. Even though October saw its highest sales figures in the last nine years, there were still a number of homes available. According to
A New Year, A New Code: Ontario Approves Taller Wood Construction
On January 1, 2015, the building industry will not only be celebrating the start of a new year, but also the introduction of a new building code that will allow for six-storey wood-frame construction in Ontario. Though gaining two storeys on wooden
TMA Sales Go Through the Roof!
According to the most recent report from Trimart Research Corporation, the Total Market Area (TMA) saw a record breaking amount of new low-rise sales in October, achieving 2,461 sales. This is the highest October sales have been in the TMA in the last
