Find out why this real estate agent welcomes the slowdown
I entered the industry at an interesting time. Average prices were hitting record highs, resale and new home supply were at all-time lows, and people were still buying like crazy. As a new agent, it was overwhelming, which is why I’m welcoming a cooler
New detached home sales strong despite rising prices
About a month ago, the Building Industry and Land Development Association (BILD) announced that there was less than one month of supply of new detached homes in the Greater Toronto Area (GTA). Also, the average price of a new detached home remained well
4 reasons first-time buyers shouldn’t be afraid to buy in Toronto
With the average price of new homes in the Greater Toronto Area (GTA) still seemingly too high for first-time buyers, we understand if you’re having some second thoughts about calling Toronto home.
Should You Move to the 905?
It seems unbelievable, but once again the prognosticators are saying the Toronto housing market isn’t cooling off anytime soon. The average price of a detached home in Toronto last month was more than $1 million, up 14.2% over last year; the Toronto Real
Why is housing in Montreal so affordable?
With home prices continuing to climb steadily upwards - especially in Toronto and Vancouver - CBC this week said that it’s a different story in Montreal. Canada’s second largest city continues to offer housing purchase potential that is on average priced
Foreign buyer tax shows ‘little impact’ on Vancouver home prices
Royal LePage recently released its third quarter 2017 report, collecting and analysing data from 53 of Canada’s largest housing markets.Nationally, the average home price went up 12% year-over-year to $545,414, but as we are sure you’re aware, Canada is
Genworth Canada: Good Debt vs. Bad Debt
Raise your hand if you’re in debt. Don’t worry, it’s not just you. According to Statistics Canada, the average Canadian household owes about $115,000.If you’re losing sleep, make sure you know the difference between good debt and bad debt before you
Are Condos in the GTA Going to Get Way More Expensive this Year?
The Toronto Real Estate Board (TREB) recently released its second quarter (Q2) condo market figures for the GTA’s resale market, announcing a significant growth in both transactions and average selling price.“Much of the new condominium apartment
Nomad Micro Homes Aims for Affordability in Vancouver’s Housing Market
Vancouver company Nomad Micro Homes is aiming to solve the city’s affordability issue with inexpensive DIY homes.The average size of a Nomad home is about 160 square feet and the starting price is just $25,000. If you want kitchen appliances and bathroom
Detached housing starts trending higher despite rising prices
The Canada Mortgage and Housing Corporation released its monthly housing starts data for August 2019, reporting the trend reaching 218,998 units, up from the 208,931 in July. The trend is a six month moving average of seasonally adjusted annual rates.
