With home prices climbing stratospherically over the last five years and a mortgage stress test now in place, homebuyers are seeing their purchasing power chopped more than ever - especially young families and first-time buyers.
The small details in a home make a big difference, and discerning buyers will look at your home through a magnifying glass. That’s why we’ve listed a few budget-friendly and quick home renovations you should do before listing your home.
A recent article in the Montreal Gazette caught our eye because it referenced how “Some condo towers in Toronto now include indoor playgrounds, and even maker spaces where kids (and adults) can work on arts and crafts.” The writer says this is “genius.”
According to the report, simply building more missing middle housing isn’t an option. One of the primary reasons this type of housing isn’t getting built is because of the three-way tug-of-war between builders, homeowners, and politicians.
With would-be buyers finally adjusting to the stress test and interest rates looking like their taking a breather, 2019 may be a strong year for home sales in Toronto and other major markets in Canada.
The five condo towers will range from 64-90 storeys. When the first two launched last summer, Menkes sold 1,241 of the 1,463 available units. That’s 85%! This success was seen in a year of cooling, as new condo sales fell 38% compared to 2017.
The Canada Mortgage and Housing Corporation released its quarterly Housing Market Assessment, reporting that the country’s housing market overall is still highly vulnerable, mostly due to price acceleration and overvaluation.
If you’re familiar with Newinhomes.com, you know that we typically focus on new home construction and the Greater Toronto Area housing market in general. But, this month, we’ll also be focusing on home renovation tips!
One of the most prestigious awards for green building, sustainability, and energy efficiency in the new home industry is EnerQuality’s annual EQ Awards. And we are excited to share some of the finalists with you!
The Building Industry and Land Development Association released its monthly new home sales results for December 2018, as well as sales totals for the year as a whole. As we were expecting, new home sales fell to the lowest level in nearly two decades.
Over the last couple Saturdays, Mattamy Homes released new lots at their most award-winning community, Hawthorne South Village Sixteen Mile Creek in Milton. On January 19, they made 113 sales and on January 26 there were 67 sales, selling out 180 units.
In the last week, the City of Toronto received more than 200 calls from residents because their water wasn’t working. According to a release from the City, more than 90% of the water issues were due to frozen pipes on private property.
When you buy a preconstruction home, there’s a good chance you’ll be moving into a construction zone. Some people are indifferent to this busy, dusty environment, while others have a hard time dealing with it.
There was a story in the Vancouver Sun recently about a detached home listed for just under $1 million. With single-family home prices falling in the area, could the detached homes actually tumble to an affordable price?
The 2019 Best Countries rankings were recently released by the U.S. News & World Report, in partnership with BAV Group, and the Wharton School of the University of Pennsylvania. Once again, Canada ranked high on the list!
I came across a New York Times article recently about how Microsoft is pledging $500 million towards the development of affordable housing in Seattle. This got me thinking about the tech boom in Toronto and our affordable housing issue.