Average Price for New Low-Rise Hits Record High...Again!
The Building Industry and Land Development Association (BILD) released its October 2014 new home market report, announcing that the average price for a new low-rise home in the Greater Toronto Area (GTA) hit a record high.According to RealNet Canada
Rising average home prices redefine “luxury”
We watch with increasing incredulity as average home prices in Toronto creep past $1 million, marvelling that a nondescript (or even decrepit) one-time starter home can cost more than a Bugatti. Where once a million dollar price tag had connotations of
National average home price heavily skewed by Toronto and Vancouver
The Canadian Real Estate Association (CREA) released its national home sales statistics, announcing that home sales edged up in September 2017. When the CREA says sales increased in September, they mean from August 2017; sales went up by 2.1%. On a
How can Ontario sustain a healthy rental vacancy rate?
The Canada Mortgage and Housing Corporation released the results of its Rental Market Survey, announcing a decline in the national average vacancy rate, offsetting two years of increases. The average vacancy rate of purpose-built (primary)
5 Decluttering Tips for the Messy Homeowner
We could all use a little help decluttering sometimes, certified hoarder or not. Now that summer is coming to an end and most of us are getting ready to go back to school or settle back into an average work routine, it’s best to get rid of the old and
5 questions move-up buyers need to ask themselves
With the rising price of housing in the Greater Toronto Area (GTA) and surrounding areas and the recent mortgage rule changes, first-time buyers aren’t the only ones struggling. The average price of a new low-rise home in the GTA is nearly $1 million, so
Canadian housing starts trend upwards as construction slows in Toronto
Canadian housing starts trended at 208,970 units in July 2019, compared to 205,765 in June. The trend is a six month moving average of seasonally adjusted annual rates (SAAR).
2.1% property tax hike approved – but is it enough?
While the sale price of homes has more than doubled in the last 10 years, property taxes have increased on average just 2.4% annually according to Toronto Real Estate Board (TREB) stats. The 2018 budget includes a property tax increase of just 2.1%,
Prices High, Council Ugly
We said goodbye to 2013 with record-high home prices. Driving up the national average were Edmonton, Vancouver, and the Big Smoke itself, says the Teranet-National Bank house price index. The 0.1% rise in home prices in December made a wash with the 0.1%
The most affordable places to live in Canada
Oakville was recently named the best place to live in Canada by MoneySense Magazine. But, with homes averaging $1.2 million, it’s not the most affordable city. If housing affordability is a top priority for you, don’t worry, that list exists too.
