GTA Housing Price Gap Hits Record High Again!
Homebuyers lining up to purchase a new low-rise home at Aurora Trails. Hundreds lined up for days. The demand is too strong!The Building Industry and Land Development Association (BILD) released its May 2015 sales figures for the GTA new home market,
Will Strong Economic Activity Drive New Home Sales in the GTA?
As expected, the Bank of Canada maintained its overnight rate at 0.75%, announced Trimart Research Corporation in their latest report. The Bank of Canada is calling for strong growth throughout the remaining months of 2015. Lower oil prices are having a
A few quick pointers regarding your new home warranty
As reported in April, Urbancorp Group, a decades-old property developer in the GTA, filed for bankruptcy in the spring, with about a thousand homes under construction as of late 2015. With that in mind, I’m listing a few quick pointers regarding your new
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.
Mortgage activity slows as Canadians fall deeper into debt
Since late 2015, the mortgage delinquency rate among 65+ mortgage holders has been on the rise and the highest among all age groups, says the Mortgage and Consumer Credit Trends report by CMHC.
Average Resale Price for a Detached Home in Toronto Breaks $1 Million
The Toronto Real Estate Board (TREB) has released its mid-month resale housing figures for the first two weeks of February 2015, announcing a jump in sales and in prices.Between February 1st and 14th, GTA REALTORS reported 3,120 sales through the
National average sale price rises 4.1%, excluding Toronto and Vancouver
The Canadian Real Estate Association (CREA) released its national home sales figures for July 2015, announcing that sales declined last month, but remained strong on average.“National sales activity remains solid, fuelled by strength in British Columbia
Average Price of a New Home in the GTA Hits Record High in June
The Building Industry and Land Development Association (BILD) released its new home sales figures for June 2015, announcing that demand is strongly outpacing supply across the Greater Toronto Area (GTA).The supply of new low-rise homes hit a record low
Will We See Record High Home Sales in May?
The Toronto Real Estate Board (TREB) has released its mid-month figures for May 2015, announcing that the GTA’s resale housing market is on track for another month of record sales.In the first two weeks of May, there were 5,655 sales reported by GTA
Amazing Opportunity for First-Time Buyers in Scarborough
The Toronto Real Estate Board (TREB) believes that the average resale price of condo units in the Greater Toronto Area (GTA) will rise significantly over the course of 2015 due to a lack of listings and strong demand. With that in mind, we want to remind
