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Year starts with a slight jump in Canadian home sales Image

Year starts with a slight jump in Canadian home sales

The Canadian Real Estate Association released its monthly national home sales figures for January 2019, reporting a slight increase in activity.

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No Valentine? Here’s where single buyers can afford a home in Canada Image

No Valentine? Here’s where single buyers can afford a home in Canada

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.

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Quick home renovations you should do before listing Image

Quick home renovations you should do before listing

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. 

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What can Toronto learn from Montreal about family-friendly condo development? Image

What can Toronto learn from Montreal about family-friendly condo development?

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.”

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The three-way tug-of-war between builders, homeowners, and politicians Image

The three-way tug-of-war between builders, homeowners, and politicians

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. 

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See what people in Toronto sacrifice to buy a home Image

See what people in Toronto sacrifice to buy a home

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. 

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See what these 5 policymakers have to say about housing supply Image

See what these 5 policymakers have to say about housing supply

We’ve already shared the January 2019 resale housing market figures and a few highlights from the Outlook section, so now we want to highlight what some policymakers are saying about housing supply. 

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Sugar Wharf by Menkes is the best-selling new condo in Canada Image

Sugar Wharf by Menkes is the best-selling new condo 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. 

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How to increase the supply of missing middle housing in Toronto Image

How to increase the supply of missing middle housing in Toronto

The Centre for Urban Research and Land Development released a new report exploring strategies for increasing the supply of “missing middle” housing in Toronto.

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Expect fewer new homes breaking ground in Toronto during 2019 Image

Expect fewer new homes breaking ground in Toronto during 2019

The Canada Mortgage and Housing Corporation released its monthly housing starts figures for January 2019, reporting that starts held steady compared to the previous month. 

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Greater Toronto Area condo market expected to level out in 2019 Image

Greater Toronto Area condo market expected to level out in 2019

Urbanation, a leader in Greater Toronto Area condo market intelligence, recently released its 2018 year-end market results, and it looks like 2019 will be a year of moderation. 

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Canadian housing market still highly vulnerable as overvaluation eases in Toronto Image

Canadian housing market still highly vulnerable as overvaluation eases in Toronto

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. 

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Only 18% of young Canadians putting off buying a home due to current debt load Image

Only 18% of young Canadians putting off buying a home due to current debt load

Recently, Angus Reid Institute, in partnership with the Globe and Mail, released the results of a new public opinion poll about Canadian debt. 

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Average selling price of a Greater Toronto Area home will exceed $800,000 in 2019 Image

Average selling price of a Greater Toronto Area home will exceed $800,000 in 2019

The Toronto Real Estate Board released its 2019 Market Year in Review and Outlook report, predicting more sales, higher prices, and tight supply. 

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Resale housing market starts the year off strong with an increase in sales Image

Resale housing market starts the year off strong with an increase in sales

The Toronto Real Estate Board released its resale housing market results for January 2019, and also provided a sneak peek of this year’s Market Year in Review and Outlook report.

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More transparent bidding wars may benefit buyers and sellers Image

More transparent bidding wars may benefit buyers and sellers

Bidding wars can make the resale housing market a scary place. But the only reason a bidding war can be scary is because you have to go into it blind. That may change soon. 

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Cutting red tape isn’t the solution for all housing markets Image

Cutting red tape isn’t the solution for all housing markets

The City of Ottawa issued a letter to the province recently, urging them to look beyond the Greater Toronto Area when exploring solutions to improve the housing market. 

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Average rent for a 1-bedroom condo unit in the Greater Toronto Area surpasses $2,100 Image

Average rent for a 1-bedroom condo unit in the Greater Toronto Area surpasses $2,100

The Toronto Real Estate Board released its quarterly rental market results, reporting tight conditions across the Greater Toronto Area as average rents remain unaffordable. 

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Home renovation industry will be strong in 2019 Image

Home renovation industry will be strong in 2019

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!

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The EnerQuality EQ Awards finalists are the best of the best in green homebuilding Image

The EnerQuality EQ Awards finalists are the best of the best in green homebuilding

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!

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Use virtual reality to tour the quick-closing detached homes available at Summit Park in Hamilton Image

Use virtual reality to tour the quick-closing detached homes available at Summit Park in Hamilton

We just received news that there are quick-closing homes that you can tour with virtual reality at Summit Park, a master-planned community by Multi-Area Developments on the Hamilton mountain.

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New home sales fall to lowest level in almost 20 years Image

New home sales fall to lowest level in almost 20 years

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. 

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Mattamy starts 2019 with a bang, selling 180 homes in two days Image

Mattamy starts 2019 with a bang, selling 180 homes in two days

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.

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Toronto City Council approves Housing Now plan to build 10,000 homes Image

Toronto City Council approves Housing Now plan to build 10,000 homes

Toronto City Council just approved the Housing Now plan, which aims to facilitate the development of new affordable housing within mixed-income communities at 11 sites in the city.

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How much is real estate close to TTC Stations? Image

How much is real estate close to TTC Stations?

Torontonians may have their fair share of gripes about our local transit system – but love or hate the TTC, the truth is, it pays to own real estate with easy access to a subway or LRT stop. 

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3 big ideas that could make housing more affordable Image

3 big ideas that could make housing more affordable

Clearly, measures need to be taken in order to ensure more families across the GTA and Ontario are able to afford to own or rent a suitable home for them and their family.

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Will the average price of a resale condo unit hit $600,000 this year? Image

Will the average price of a resale condo unit hit $600,000 this year?

The Toronto Real Estate Board released its quarterly resale condo market results, reporting a drop in sales and new listings across the Greater Toronto Area. 

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Tips for cycling in downtown Toronto in the winter Image

Tips for cycling in downtown Toronto in the winter

Living downtown Toronto is convenient because everything is so close, but in the winter, waiting for a streetcar in the freezing wind can be a nightmare and actually take longer than cycling.

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How to thaw and prevent frozen pipes in your home Image

How to thaw and prevent frozen pipes in your home

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. 

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5 things to consider when applying for a mortgage Image

5 things to consider when applying for a mortgage

When you buy a new home preconstruction, there can be a few years between getting pre-approved for your mortgage and your final closing (when you actually need to qualify for your mortgage).

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Home maintenance tasks to complete in January and February Image

Home maintenance tasks to complete in January and February

Here are a few home maintenance tips for January and February, courtesy Tarion Warranty Corporation. We elaborate on a few of the tasks, and you can check out the full list on Tarion’s website.

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The growing demand for storage space in the Greater Toronto Area Image

The growing demand for storage space in the Greater Toronto Area

As both first-time buyers and empty nesters eye the condo market for their new home purchase, one thing has become clear - storage space is essential. 

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Tips for living in a new home construction zone Image

Tips for living in a new home construction zone

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.

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Buyers vs. Sellers: Who will win the detached home market? Image

Buyers vs. Sellers: Who will win the detached home market?

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?

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Canada is the best country in the world for Quality of Life! Image

Canada is the best country in the world for Quality of Life!

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! 

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Should tech giants be responsible for funding affordable housing? Image

Should tech giants be responsible for funding affordable housing?

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. 

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