Discussing luxury homes in Toronto with Ron Amendola of Engel & Völkers
At the end of last month, a big name hit the Toronto real estate scene, specifically the luxury residential market. Engel & Völkers is one of the world’s leading brokerages specializing in the sale and lease of premium residential and commercial
Is Canada building new housing too quickly?
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts figures for September 2015, announcing a need for inventory management. The trend measure in Canada was 202,506 units, compared to 195,804 in August 2015. The trend is a six
Average price for a home in the GTA increases by 9.2%
The Toronto Real Estate Board (TREB) released its September 2015 housing market figures for the Greater Toronto Area (GTA), announcing a record number of sales for the month.There were 8,200 transactions reported through the MLS® System in September
Brampton, Oakville, and East Gwillimbury have the most new low-rise sales
As of the end of August 2015, the top three cities with the most new low-rise sales is Brampton, Oakville, and Mt. Albert (East Gwillimbury), according to Trimart Research Corporation. Brampton is leading with an incredible 4,910 sales, while Oakville
Economic growth remains stable and performs as expected in the GTA
Looking back at the interesting summer, Trimart Research Corporation is reporting that the economy is growing as expected. Recently, the Bank of Canada announced its overnight rate at 0.5%, and since the July 2015 Monetary Policy Report, economic growth
New home sales in the GTA fell 25% last month
The building Industry and Land Development Association (BILD) released its new home market figures for August 2015, announcing a large decrease in sales across the Greater Toronto Area (GTA). Sales weren’t the only thing to drop - inventories are also
It’s still a good time to buy a new home in Canada
“Global investors fleeing volatility are taking refuge in an unlikely place: a Canadian housing market that some speculators are still betting is a bubble ready to pop,” reads the lead paragraph from a recent Globe and Mail story about global investors
Interest rates expected to increase in late 2016 or early 2017
Recently, industry analyst Ben Myers of Fortress Real Developments, released his fourth Market Manuscript, giving us an extensive yet concise look at Canada’s housing market, in relation to affordability, interest rates, and many other factors. After
Brampton, Milton, and Oakville are the most popular cities for new low-rise sales
The latest report from Trimart Research Corporation lists the top five cities in the Total Market Area (TMA) with the highest new low-rise sales so far this year. Unsurprisingly, Brampton is in first with 4,547 year-to-date (YTD) sales. Milton is in
Ontario was the only province to see an increase in housing starts last month
The Canada Mortgage and Housing Corporation (CMHC) released its national housing starts report for August 2015, announcing a large increase in construction activity in Ontario. Housing starts in Canada trended at 196,565 units in August 2015, compared to
