New home sales in Brampton, Milton, and Burlington off to a strong start
The latest report from Trimart Research Corporation highlights a few new low-rise sites across the Total Market Area (TMA) that saw strong sales recently, and it also goes into a bit more detail about the Canada Mortgage and Housing Corporation’s (CMHC)
New low-rise sales are hot from Brampton to Whitby
The first new low-rise sales report of 2017 from Trimart Research Corporation announces that 87.8% of its annual forecast was achieved as of the end of November 2016. As Trimart tallies the December sales, they are predicting a total 22,000 new low-rise
Canadian housing starts increased in 2016
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts data for December 2016, announcing that national starts declined, mostly due to the slowing down of multi-unit construction. The trend measure was 198,053 units, compared to
Is Toronto’s resale market about to become even more unaffordable?
The Toronto Real Estate Board (TREB) released its resale housing market figures for December 2016, announcing that 2016 was the second consecutive year of record high sales in the Greater Toronto Area (GTA). Last December, there were 5,338 sales reported
Ben Myers says to expect above average price growth in the condo market
We have a feeling it’s going to be a really interesting year for the new home market. There’s been talk of a slowdown, but no talk of supply actually meeting demand. Can there be a slowdown when demand is still so strong? We recently had the opportunity
Will the GTA housing market experience a slowdown this year?
On the heels of a hot housing market for 2016, Global TV’s finance expert Preet Banerjee thinks we’re going to lose some steam as 2017 progresses. Owing largely to the change in mortgage rules that will mean some buyers lose between 15% and 20% of their
New home prices continue to skyrocket as inventory drops
The Building Industry and Land Development Association (BILD) released its new home sales figures for the Greater Toronto Area (GTA) for November 2016, announcing that the lack of supply has continued to drive prices upwards. According to Altus Group,
Steady stream of new inventory can’t keep up with homebuyer demand
For the last two years, a short supply of new low-rise homes has been an issue. The options are limited and since demand is so strong, prices keep going up. At one point this year, there was less than one-month supply of new detached homes in the Greater
Will the Greater Toronto Area’s housing market keep defying the odds?
It’s the time of year when thoughts turn not just to turkey and cranberry sauce, but also to looking back at the market and prognosticating about what we’ll see in the year to come. What exactly does 2017 have in store for the Greater Toronto Area’s
There are a number of factors contributing to the success of the new home market
Housing starts have stayed steady in Canada and somewhat steady in Ontario, though Toronto saw a decline. CMHC says that the lack of listings in the Toronto CMA resale market has caused a spill over of buyers to the new home market, which kept detached
