Subterra recently broke ground on a new geothermal heat pump at Core Development Group’s Birchcliff Urban Towns development, which is currently under construction in Toronto.
Despite the stress test, Canadian home sales are returning to healthy levels, according to the monthly report from the Canadian Real Estate Association. In July 2019, national home sales increased for the fifth consecutive month.
Moving into your new condo is an exciting thing to do, especially if you’re a first-time buyer. If you’re moving in before the building is registered and you’re paying interim occupancy fees, it means there will likely still be construction underway.
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A jury of industry professionals reviewed all of the entries and narrowed down the finalists in 42 categories, showcasing industry excellence in building, design, renovations, sales, and marketing.
For the longest time, detached homes were the most popular housing type. Even when prices were skyrocketing, detached home sales in the resale market were still higher than townhomes and semis.
Will aging baby boomers really prevent millennials from moving up and buying single-family homes in Toronto? A new report from the Canada Mortgage and Housing Corporation suggests this will happen.
Despite rising prices, high density condo apartments are still the most relatively affordable housing option in the Greater Toronto Area. This means more people are buying this type of housing, which means more dogs are also living in condo buildings.
While talk of a Canadian housing bubble was creeping back into some headlines, the market actually came in for a soft landing, according to a recent report from BMO Capital Markets.
Canadian housing starts trended at 208,970 units in July 2019, compared to 205,765 in June. The trend is a six month moving average of seasonally adjusted annual rates (SAAR).
Maclean’s conducted a study of 415 communities across Canada and ranked them based on a variety of criteria, including wealth & economy, affordability, population growth, taxes, commute times, crime, weather, health care, amenities and culture.
When you buy a new home preconstruction, the builder requires you to provide proof of pre-approval, but this is much different than applying for a mortgage.
We are in the middle of a housing affordability crisis. If price growth continues to outpace income growth, younger generations will have an extremely difficult time buying a home.
Property taxes can be confusing. Fortunately, the City of Toronto has a Property Tax Calculator that actually shows how your money is being distributed to various services and infrastructure developments and maintenance.
In an effort to spur innovation with regards to housing development in Canada, the federal government has announced funding for eight postdoctoral fellows.
The Greater Toronto Area resale housing market had a strong spring, and summer started off strong, too. Based on the latest market figures from the Toronto Real Estate Board, summer is still hot!
A recent report found that condo buyers are extending their home search to the outskirts of the Greater Toronto Area, likely in search of relatively affordable prices and more square footage for their dollar. I don’t think this trend will last long.
A new master-planned condo community by The Daniels Corporation and Baif Developments is coming to Vaughan, and the opening is just around the corner!
It looks like Canada’s housing market is finally balancing out, according to the latest Housing Market Assessment from the Canada Mortgage and Housing Corporation.
The first long weekend in August is a great time to get some quick home maintenance tasks done. If you’re heading up to the cottage, you can use this post as a to-do list for next weekend or the weekend after.
Urbanation released its condo market results for the second quarter of 2019, reporting that there were 8,902 condo sales in the GTA, which is an increase of 77% year-over-year.
We’ve always said that the housing market and its participants would benefit from more transparency, and it looks like open auctions are catching on in the Greater Toronto Area.
The Shared Equity Mortgage Providers Fund launched at the end of July 2019. It’s a $100 million, five-year program managed by the Canada Mortgage and Housing Corporation that will support existing SEMPs.
According to a new global survey by HSBC Bank of Canada, 61% of Canadian millennials feel anxious about buying a property, compared to just 20% of baby boomers.
Is there an affordability crisis? Yes. Are we still lacking supply? Yes. Do we still need more high-density housing near major transit nodes and the zoning to accommodate this type of development? Yes.
The federal government recently announced funding for a new affordable rental building in Whistler that will meet Passive House standards. There will be 24 units, including four studios, 13 one-bedrooms, and seven two-bedrooms.
The mortgage stress test has been a hot topic since it was first introduced in 2018. Some in the real estate industry believe the policy has done its job and it’s time to revise it, and some believe it should remain the way it is.
Rider Levett Bucknall released its July 2019 Crane Index recently, and Better Dwelling had a few additional details about the report. The Crane Index looks at 13 major cities in North America and tracks the amount of cranes on the skyline.
The Reina team identified approximately 650 issues that were brought up, and then separated them into 30 categories. The top five categories were layout, storage, soundproofing, flexible space, and greenery/natural elements.
Compared to last year, 2019 is proving to be a strong one for new home sales in the Greater Toronto Area, according to a new report from the Building Industry and Land Development Association.
According to the Toronto Real Estate Board, there were 7,038 condo sales reported through the MLS in the second quarter of 2019, which is a year-over-year increase of 3.2%.
There’s been a lot of tension between the province of Ontario and municipalities, especially Toronto, but one piece of seemingly good news is the recent funding for a new mass timber manufacturing facility.
The Housing Affordability Survey, a Leger poll of more than 1,500 Canadians, commissioned by FP Canada, discovered that 48% of parents with children under 18 years of age intend to assist with the purchase of a first home.
In Ontario, recreational property prices increased 8% year-over-year. Properties with water access in places like Collingwood and Blue Mountain saw median prices going up as much as 36%. The Haliburton waterfront area saw prices increasing nearly 30%.
Last week, councillors Mike Layton, Joe Cressy, and Kristyn Wong-Tam held a joint press conference and announced their “red light, green light” system for evaluating residential development proposals in their respective wards.
Have you put off moving? What was the reason? A new report suggests housing supply is tied to a decreasing mobility rate in some of Canada’s largest metro areas, including Montreal, Ottawa-Gatineau, Calgary, Edmonton, Vancouver, and Toronto.
There’s a short-term plan for 2019 to 2021 and a long-term plan for 2022 and beyond. A major facet of the update is to identify all the existing, planned, and proposed cycling routes across the city.
