Housing starts in Toronto dropped last month
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts figures for November 2016, announcing that starts stayed steady, but there was a drop in Toronto. The national trend measure of housing starts was 199,135 units, basically
Will Toronto remain unfazed by the new mortgage rules?
The new stress-testing mortgage rules mean Canadians need higher incomes to purchase homes. According to a video produced by Huffington Post, your household income needs to be approximately $144,946 to afford an average priced home in the GTA ($755,755),
New home openings will support strong sales into the winter
With many new home openings and releases last October, low-rise sales have been strong through November and into December, says Trimart Research Corporation in its latest report. Sales figures are still coming in from some builders in the Total Market
The average selling price of a detached home in the GTA remains over $1 million
The Toronto Real Estate Board (TREB) just released its resale housing figures for November 2016, reporting significant sales growth across the Greater Toronto Area (GTA) for all home types. There were 8,547 sales reported through the MLS last month,
Builders bringing more new townhomes and semis to market
The latest report from Trimart Research Corporation highlights a few new low-rise communities that successfully launched last month. Though the demand for detached homes is still very strong, many builders have shifted some of their focus to townhomes
It’s time to start thinking differently about homeownership
In case you’ve been living under a rock, the times they are a changin’. I suppose that was always true, but for homeownership and the housing market in particular, it looks like we might be perceiving things in an entirely new way as the 21st century
The average new home price in the GTA drops to $937,689
The Building Industry and Land Development Association (BILD) released its new home sales figures for October 2016, announcing that the average price of new low-rise homes in the Greater Toronto Area (GTA) dropped (month-to-month). According to Altus
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
Will new low-rise sales stay strong into the winter?
Thanks to many new low-rise openings in October 2016, the Total Market Area (TMA) has seen a lot of action, says Trimart Research Corporation. The sales numbers are still coming in for October, but it’s looking like builders saw a lot of success in
How will Trump affect the Canadian housing market?
If there’s one thing we can agree on now that the US election is behind us, surely it’s that it’s been as divisive as any we’ve ever seen. For our purposes, let’s just leave the politics at that. I’m now curious about how Trump will affect the Canadian
