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.
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.
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.
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.
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.
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.
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.
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.
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.