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.
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.
Urban Towndominiums Offers the Best of Both Worlds
Can’t decide between a townhome or condominium? Don’t worry, Rosehaven Homes will be launching Urban Towndominiums at Mount Pleasant in Brampton in early 2015! (That’s right, it’s already that time of year when we start looking forward to launches in the
Trimart’s Top 5 Communities of the Last Month
According to Trimart Research Corporation’s latest report, the Total Market Area (TMA) has seen steady gains of new low-rise sales over the last three months. In the first quarter of 2015, 25.5% of Trimart’s annual forecast has been reached for amount of
New home sales in the GTA fell 25% last month
The building Industry and Land Development Association (BILD) released its new home market figures for August 2015, announcing a large decrease in sales across the Greater Toronto Area (GTA). Sales weren’t the only thing to drop - inventories are also
Slow and Steady in the New Low-Rise Scene
According to Trimart Research Corporation, healthy economic growth is forecasted for 2015, so sales should be steady at least through the first quarter of the year. The holiday season was slow, but as builders of new low-rise communities hit the drawing
The Countdown to the Exciting Trailwoods Launch Begins!
Let the countdown begin - Reid’s Heritage Homes will be launching Trailwoods, a new low-rise community off the shore of Georgian Bay in Thornbury in August 2015.Trailwoods will feature a selection of detached bungalows, ranging from 1,510 to 1,939 square
CMHC Predicts Soft Landing for Housing Market
The Canada Mortgage and Housing Corporation (CMHC) released its second quarter 2014 Housing Market Outlook, Canada Edition, highlighting their forecasts for 2014 and 2015 housing starts, and MLS average prices and sales figures.The CMHC expects Canadian
Brampton, Oakville, and East Gwillimbury have the most new low-rise sales
As of the end of August 2015, the top three cities with the most new low-rise sales is Brampton, Oakville, and Mt. Albert (East Gwillimbury), according to Trimart Research Corporation. Brampton is leading with an incredible 4,910 sales, while Oakville
The highlights of CMHC’s First-Time Homebuyers Survey
The Canada Mortgage and Housing Corporation (CMHC) has released the results of its 2015 First-Time Homebuyers Survey. The survey was conducted online last April and there were 788 participants from across Canada. They had all purchased their first home
