You can expect Canadian home prices and sales to increase in 2020
Following a rocky 2018, Canada’s housing market showed signs of rebounding all through 2019, and it looks like a recent report has confirmed that sales and prices will be on the rise in 2020.
Tarion makes moves to better inform and educate condo buyers
New pre-construction condo developments in Ontario will soon require an extra information sheet in the Agreement of Purchase & Sale thanks to a new mandate by Tarion Warranty Corporation.
What a Liberal government means for the housing market
I’ll start by congratulating the Liberal party, Justin Trudeau, and all the MPs elected across the country - but what does a Liberal minority government mean for Canada’s housing market?
Canadian home sales continue to climb through the fall
According to the Canadian Real Estate Association, home sales reported through national MLS systems in September 2019 increased 15.5% year-over-year, and came in 18% above the six-year low hit in February 2019.
Rent in the Greater Toronto Area may have peaked
Urbanation’s third quarter purpose-built rental market results include data from rental buildings across the GTA, completed since 2005, which accounts for 68 buildings and 14,832 units
Average price of a resale condo unit in the Greater Toronto Area jumps nearly 6%
The Greater Toronto Area’s resale condo market is going strong according to the latest quarterly findings from the Toronto Real Estate Board, but there are some areas where average prices are falling.
78% of Canadians want the next government to make home affordability a priority
With the federal election mere days away, the topic of housing affordability – and just what the next sitting government plans to do to alleviate it – continues to be at the top of Canadians’ minds.
Canadian newcomers play a key role in fuelling housing demand
According to the survey results, newcomers account for 21% of all homebuyers in Canada. If the international migration level remains the same, newcomers are expected to buy 680,000 homes in Canada over the next five years.
Canadians starting to relax views on legal cannabis in the home
It has been nearly a year since Bill C-45, the Cannabis Act, was passed into legislation, meaning Canadians have enjoyed the ability to legally consume and grow the drug within their own private residences.
More first-time buyers saving for single-family homes as condo prices soar
If condo price growth in the Greater Toronto Area continues to increase at this rate, then more buyers will likely start saving just a bit longer in order to buy a single-family home instead.
