April Home Sales Tops 50,000 for the Third Time Ever
The Canadian Real Estate Association (CREA) released its monthly national sales report for April 2015, announcing that the national average price for homes sold during the month was $448,862.This average sale price is 9.5% higher compared to the same
Spring Openings a Huge Success in the GTA
As we are about halfway through the second quarter of the year, Trimart Research Corporation is forecasting continued and steady sales growth for the GTA’s and Southern Ontario’s new low-rise market. According to Canada Mortgage and Housing Corporation,
Toronto Sees the Most Condo Starts in the CMA
The Canada Mortgage and Housing Corporation (CMHC) released its April 2015 report of national housing starts, announcing a slight increase compared to March 2015.In April, Canada’s housing starts were trending at 179,299, compared to 179,114 the previous
GTA Resale Market Sees Record Amount of Sales in April
The Toronto Real Estate Board (TREB) just announced that GTA REALTORS reported a record-breaking amount of sales for April 2015 through the MLS system.In the City of Toronto, there were 4,071 sales, and in the 905 region, 7,232 sales, which equals a
Top 5 Best Selling Cities for New Homes in the GTA
The latest Trimart report highlights the top five highest selling Greater Toronto Area cities for new low-rise homes. Unsurprisingly, Brampton is in first, followed by Milton, Barrie, Richmond Hill, and Toronto (in descending order). The only thing about
Is Toronto’s Housing Market at Risk of Overbuilding?
The Canada Mortgage and Housing Corporation (CMHC) released its updated results of the House Price Analysis and Framework, announcing that Toronto’s housing market is at moderate risk due to overvaluation and risk of overbuilding.The analysis and
Will Strong Economic Activity Drive New Home Sales in the GTA?
As expected, the Bank of Canada maintained its overnight rate at 0.75%, announced Trimart Research Corporation in their latest report. The Bank of Canada is calling for strong growth throughout the remaining months of 2015. Lower oil prices are having a
The State of Affordable Housing
Mayor John Tory this week called a lack of initiative on bringing affordable housing to market “unacceptable.” He made the call from a city-owned lot on Madison Avenue that has been vacant since before it was designated for affordable housing more than a
Should You Invest in a New Condo?
In a 2012 report (the most recent reliable numbers I could find), Canada Mortgage and Housing Corporation (CMHC) reported that total investor-owned condos represent about a quarter of all condo units, but that only includes units rented through MLS, not
Demand for New Homes on the Rise, Supply Declining
The Building Industry and Land Development Association (BILD) just announced that the supply of new low-rise homes in the Greater Toronto Area (GTA) hit a record low in March 2015, causing average prices to rise dramatically.According to RealNet Canada,
