New Low-Rise Sales Heat Up with the Summer
Along with the temperature, new low-rise sales are reaching new heights, despite the summer being a typically slow season for the market, says Trimart Research Corporation. Last month, Brampton hit 4,074 year-to-date sales, securing its spot at the top
Resale Market on Course for a New Record for Home Sales this Year
The Toronto Real Estate Board (TREB) released its monthly resale housing market figures for July 2015, announcing a big jump in sales and a very low inventory of homes.There were 9,880 sales reported through the MLS system last July, marking an 8%
Do We Need More Changes to the Mortgage Rules?
The Financial Post last month reported that our representatives in Ottawa were considering increasing the amount of down payment required to obtain a mortgage, citing sources that claimed further measures to cool the house market, including restrictions
CMHC Aims to Facilitate Affordable Housing Options
The Canada Mortgage and Housing Corporation (CMHC) just announced a change to the Homeowner Affordable Housing Flexibilities, increasing the amount of gross rental income that can go towards qualifying for a mortgage to 100%.Who does this effect?The
Average Price of a New Home in the GTA Hits Record High in June
The Building Industry and Land Development Association (BILD) released its new home sales figures for June 2015, announcing that demand is strongly outpacing supply across the Greater Toronto Area (GTA).The supply of new low-rise homes hit a record low
Would You Put Your Money Where Hungry Mouths Are?
It may sound naïve to some, but I don’t think we have quite the same degree of “us and them” as our U.S. neighbours. Not because we’re superior thinkers necessarily (although …) but simply because we have eschewed a two-party system that naturally
Are Condos in the GTA Going to Get Way More Expensive this Year?
The Toronto Real Estate Board (TREB) recently released its second quarter (Q2) condo market figures for the GTA’s resale market, announcing a significant growth in both transactions and average selling price.“Much of the new condominium apartment
The City is Gambling on Employment
City council has voted 25 to 19 to support expanded gaming at Woodbine, along with the promise of an entertainment complex that would include retail, restaurants and a hotel, and all with the promise of secure, unionized jobs.Those in opposition seem to
Condo Construction Rises with the Summer Heat
The Canada Mortgage and Housing Corporation (CMHC) released its monthly national housing starts data for June 2015, announcing a surge in condo construction.In June 2015, housing starts in Canada were trending at 183,959 units, a slight increase compared
August and September to be Huge for the New Home Market
The latest report by Trimart Research Corporation announces that the Total Market Area’s (TMA) new low-rise market will stay strong through July thanks to over 20 new openings and releases in June. As far as new openings and releases go for July, the
