How to keep your home renovation on budget
Staying on budget is a challenge when there are so many factors at play, so we’re sharing a few key tips to remember for when you’re budgeting your next home renovation!
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Ontario making strides to fix Tarion’s ‘broken system’
The Ontario government recently announced that they are in the process of fixing Tarion Warranty Corporation’s “broken system” in an effort to better protect new home buyers.
It’s time for Toronto to get creative with public-private partnerships
Sidewalk Labs offered to invest billions to build transit and essentially lay the groundwork for future development in the Port Lands area in Toronto. All they wanted in exchange was...a cut of property taxes and development fees.
Home renovations that will boost your property value
Home improvements, if done with purpose, can make your real estate investment even more profitable. By updating through renovations, additions and general maintenance, you can increase your home's value and command a higher selling price.
5 interior design trends that will dominate 2019
This upcoming year is expected to shift in a new direction, bringing back richer hues and reintroducing comfort. Here is a list of my top five fave interior design trends to look forward to in 2019!
Governments and corporations own just 7% of residential properties in Ontario
The Canada Mortgage and Housing Corporation recently released highlights of its latest Housing Market Insight report, which focused on individual and non-individual residential property ownership.
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.
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.
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.
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.”
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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!
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!
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
