The Davis is just the type of condo community Newmarket needs
Exciting news - we have two new renderings of The Davis Residences at Bakerfield by The Rose Corporation, the latest condo development in Newmarket.
Toronto council not on board with the Housing Supply Action Plan
When the Housing Supply Action Plan was announced, members of the new home industry praised the Bill, but it looks like Toronto City Council has many concerns.
Q&A with a first-time buyer who’s about to move into her new condo
To give first-time buyers an idea of what to expect as their occupancy approaches, we chatted with a first-time buyer who will be moving into her new condo in just a few weeks!
Canadian home sales bouncing back this spring!
The Canadian Real Estate Association released its housing figures for last month, reporting that sales on a national level increased 3.6% month-over-month, based on transactions reported through Canadian MLS systems.
It looks like the foreign buyers tax is working
It recently came to my attention that the province of Ontario had not published any new data on foreign buyers in the residential market since Doug Ford was elected. It wasn’t sitting well with people, and the government responded quickly.
First-time buyers value shorter commutes over square footage
A new survey conducted by Genworth Canada in collaboration with Royal LePage unveiled key trends among first-time buyers based on the last two years of activity across the country.
Bata Shoe Factory transformed into a luxury rental building
The historic Bata Shoe Factory has been transformed from a mid-century industrial building into a luxurious contemporary “condo-inspired” rental residence, called Batawa Lofts.
Some new home owners aren’t getting the park they paid for
Altus Group and the Building Industry and Land Development Association released new findings that say that parkland payments to municipalities can add $20,000 to $30,000 to the cost of a new home.
Skyscraper concepts that limit our impact on the environment
One architectural design competition that we like to follow is eVolo Magazine’s annual Skyscraper Competition, which challenges designers, architects, and engineers around the world to approach vertical building design in an innovative way.
Neighbourhood factors that Toronto homebuyers don’t care about
In the real estate industry, it’s important to know what location factors are important to buyers, but it’s also important to understand what people don’t care about.
5 things first-time buyers forget about at the time of occupancy
Did you buy a new pre-construction condo as your first home? As your occupancy approaches, you’re probably getting super excited to move in, but there are a few things that many first-time buyers forget about at this important milestone moment.
New release of detached homes coming to Blue Sky in Stouffville in June!
One of the most successful new home communities in Stouffville is Blue Sky by Fieldgate Homes. Many families have been waiting eagerly for the next release and it looks like it’s finally happening.
Only 15 Church Lofts available at 260 High Park in Toronto!
We recently had the opportunity to visit the 260 High Park presentation centre to learn more about the dramatic church conversion development in Toronto.
Canadian housing starts trend upwards as Toronto construction takes a breather
The Canada Mortgage and Housing Corporation released its monthly housing starts figures for April 2019, reporting an upwards trend due to strong multi-unit starts.
More than 200 affordable rental units announced for downtown Toronto
At the end of April, the province of Ontario announced the sale of surplus land to allow for the development of affordable housing.
The housing market is about to go through some big changes
It’s been an interesting couple of weeks - details of Ontario’s Housing Supply Action Plan were released, debate over the mortgage stress test continued, and sales activity started to heat up.
Greater Toronto Area real estate heating up with the weather
In April, there were 9,042 home sales in the Greater Toronto Area reported through the MLS system, which is 16.8% higher than the same period last year. This is also 11.3% higher than the amount of sales in March 2019.
Modern families in Toronto value neighbourhood safety when buying a home
When it comes to buying a home in Toronto, young modern families prioritize safety, work and family. You’ll be interested in what urban dwellers don’t care about when it comes to home location.
See why Brampton is one of the best places to live in Canada
It’s the oldest line in the real estate handbook, “location, location, location.” But what matters most to you? The Best Places to Live: Canada Liveability Report by RE/MAX may help you decide.
Congratulations to the winners of the 2019 BILD Awards!
At the end of last week the Greater Toronto Area’s new home industry came together to celebrate excellence in building, design, architecture, and marketing.
Toronto still highly vulnerable as Canada’s housing market improves
In the Canada Mortgage and Housing Corporation’s quarterly Housing Market Assessment, the overall condition of Canada’s housing market moved from high risk to moderate risk, mostly due to an easing of price acceleration.
Condo construction hits record high in the Greater Toronto Area
Urbanation, a leader in GTA condo market information, released its condo market results, reporting that pre-sale condo launch activity hit a 10-year low in the first quarter of 2019. Only eight new projects launched in the first three months of the year.
Ontario announces details of the Housing Supply Action Plan
The province of Ontario announced the details of its More Homes, More Choice: Ontario’s Housing Supply Action Plan, and it immediately received praise and support from leaders in the new home industry.
Only those within the top 10% of earners can afford a Toronto house: study
Even as housing prices have cooled throughout the GTA since the 2016 market peak, the average house still fetched $873,100 as of March, while the typical condo unit costs over half a million dollars, at an average of $522,300.
What would happen if the mortgage stress test was eliminated?
Sixteen months after the implementation of the federal government’s B-20 mortgage stress test regulations, TD Bank released an examination of its effects. Basically, the stress test did what it was supposed to do, but had some unintended consequences.
How Ontario can amp up affordable housing development
The key to building more affordable housing lies in the availability of public surplus lands, which is government owned land that is “vacant or underutilized, that is no longer needed to deliver government goods and services (Infrastructure Ontario).
Shifting the focus to first-time buyers
We tend to always have a slight focus on first-time buyers, but now that we’re fully in spring mode, we want to shift the focus into a higher gear. For all of May, we’ll have even more tips and news for and about first-time buyers!
Is Toronto at risk of a brain drain to Montreal?
As millennials continue to be priced out of many urban housing markets across the Greater Toronto Area, Montreal is becoming an affordable haven for younger buyers, but the wide selection and relatively low prices won’t last forever.
Podium Developments announces 3 new rental buildings in Kingston
For the last few years, Kingston’s vacancy rate has been trending low - thankfully, there’s a multi-phase rental development in the works by Secure Capital Partners Inc., Blue Vista Capital Management LLC, and Podium Development Corp.
5 ways to freshen up your home decor this spring
There is something about spring that boosts energy in most of us. We yearn for movement and improvement. Spring is the perfect time to implement changes to your home decor.
Adding solar panels to your home could increase its value
Thinking of installing a solar power system? It could be more than worth it when it comes time to sell as energy efficiency becomes more and more important to homebuyers.
See what first-time buyers expect to pay for their first home
As home prices continue to rise in Ontario, first-time buyers are getting slightly less optimistic and are seeking out larger financial gifts from friends and family, according to recent survey results.
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Park Vista at Whitby Meadows opening in May!
We have extremely exciting news - Fieldgate Homes and Paradise Developments will be launching Park Vista at Whitby Meadows this May!
Ironwood in North Oshawa features stunning urban towns
We recently had the opportunity to sit down with Christian Huggett, Vice President of Development, Podium Developments, and Saqib Qureshi of Building Capital to discuss the now open Ironwood in North Oshawa.
Average price of a resale condo unit in Toronto surpasses $600,000
The Toronto Real Estate Board released its resale condo market statistics for the first quarter of 2019, reporting a slight drop in sales and a little jump in average price.
New single-family home sales bouncing back in the Greater Toronto Area
The Building Industry and Land Development Association released its new home sales figures for March 2019, reporting that new single-family home sales in the Greater Toronto Area increased once again.
