There will soon be an increase in new low-rise inventory
According to Trimart Research Corporation, the Total Market Area (TMA) has seen 14,496 new low-rise sales this year, as of the end of July 2016. That equals 59.2% of Trimart’s annual forecast. With only 1,107 sales in July, the industry did see a pretty
The housing market: Cooling is better than bursting
Given that the family home is not only the most expensive purchase most people will ever make, as well as their hedge against a mediocre, if not outright poverty-stricken retirement, it’s no wonder we’re obsessed with the housing market. Most of the
Detached homes over $1 million are still selling quickly across the GTA
After countless months of record high pricing in the new low-rise market across the Total Market Area (TMA), it seems like buyers are just accepting that a detached home is going to cost them over $1 million because sales haven’t really slowed down.
Limited resale listings pushing more buyers to the new home market
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts figures for July 2016, announcing that starts are trending higher across Canada.Last month, the trend measure was 201,936 units, compared to 197,847 in June. The trend is a
Detached home sales remain strong despite soaring prices
For the last couple years, new townhomes have been the affordable option for homebuyers who desire the low-rise lifestyle. The strong demand for detached homes and the dwindling inventory have launched prices to unattainable levels for many buyers.
The demand for larger units is heating up in the GTA’s new condo market
Urbanation, the Greater Toronto Area’s (GTA) leading source for new condo market intelligence has released its second quarter sales figures (Q2-2016), announcing that the new condo supply has hit a six year low. In Q2-2016, there were 7,731 new condo
There were nearly 10,000 home sales across the GTA in July
The Toronto Real Estate Board (TREB) released its monthly resale housing market figures for July 2016, stating that the rapid price growth across the Greater Toronto Area (GTA) isn’t showing any signs of slowing down. In July, there were 9,989 sales
New home sales in Pickering and Bowmanville heat up during the summer
The latest report from Trimart Research Corporation announces that June 2016 was a very slow month for new low-rise sales in the Total Market Area (TMA). Compared to last year, sales in June dropped 38.5%. This is due to a significant decrease in
This is the key to building more affordable housing
On vacation in Vancouver this week, a friend of mine remarked on how much land there appeared to be available for development. In a city with out of control prices (even more than ours) that just took the minor measure of taxing foreign investment,
The busy homebuying season is just around the corner
The latest report from Trimart Research Corporation states that new low-rise sales have been strong across the Total Market Area (TMA) throughout the summer, though sales centre traffic has been slow. Due to the beautiful weather, long weekends, and
