Changes to the Growth Plan mean fewer home choices and higher prices for Ontarians
The Proposed Growth Plan for the Greater Golden Horseshoe, 2016, alongside the Greenbelt Plan, Oak Ridges Moraine Conservation Plan and Niagara Escarpment Plan, is designed to manage growth and the protection of the natural environment.The 2016 Growth
Canadian housing starts remain steady through April
The Canada Mortgage and Housing Corporation (CMHC) released its monthly housing starts figures for April 2016, announcing that housing starts across Canada have remained steady. The trend measure for April 2016 was 195,064 units, basically unchanged from
Is the GTA condo market in danger of running low on inventory?
Urbanation, the Greater Toronto Area’s (GTA) most trusted source for new condo statistics, has released its first quarter results for 2016, announcing record activity in the 905 and a tightening of supply on the market. In the first quarter of 2016,
Average price of a detached home in Toronto nears $1.3 million
The Toronto Real Estate Board (TREB) released its monthly resale housing figures for April 2016, announcing record high sales and aggressive price growth. There were 12,085 home sales reported through the MLS last month, which is 7.4% higher than the
New low-rise inventory remains low after many April openings
The latest report from Trimart Research Corporation states that 26.8% of their annual forecast was achieved in the first quarter of 2016, with the majority (more than 70%) of new low-rise sales occurring in the northern region of the Greater Toronto Area
Overvaluation still a big problem for Toronto’s housing market, says CMHC
The Canada Mortgage and Housing Corporation (CMHC) released its latest Housing Market Assessment (HMA), announcing that overvaluation and overbuilding is still prevalent in Canada’s major housing markets. Toronto CMA’s housing market is showing
New releases won’t be enough to cool the hot low-rise market
According to Trimart Research Corporation, the demand for new low-rise homes in the Total Market Area (TMA) continues to be strong - perhaps too strong. Last week, the Building Industry and Land Development Association (BILD) announced that the average
The average price of a new detached home in the GTA exceeds $1 million for the first time
The Building Industry and Land Development Association (BILD) just released its new home sales figures for March 2016, announcing that the average price of a new detached home in the Greater Toronto Area (GTA) has surpassed $1 million for the first time
The demand for new low-rise housing is heating up with the weather
As the weather heats up, as does the demand for new low-rise housing across the Total Market Area (TMA). We can’t explain the science behind it but warm spring days just make people want to buy homes. It’s a time for new beginnings and rebirth, which is
Let’s get real about foreign ownership in Toronto
Foreign ownership in the housing market is a sticky wicket. As Canadians, we pride ourselves on our small-l liberal ideologies — we are loath to discriminate. To do so on the basis of “foreignness” in particular goes against the fundamental beliefs of
