2 things that could happen to Toronto’s new condo market Image

2 things that could happen to Toronto’s new condo market

​​​​​​​Tomorrow is Halloween, but to be honest, the only thing that’s kind of frightening me right now is how expensive new condos in the Greater Toronto Area are getting. 

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New single-family home sales in the Greater Toronto Area increase a whopping 283% Image

New single-family home sales in the Greater Toronto Area increase a whopping 283%

According to the Building Industry and Land Development Association’s monthly new home market report, there were 3,061 new home sales across the GTA in September 2019, which is 73% higher than the same month a year ago.

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New single-family home sales continue to climb, but activity remains below long-term levels Image

New single-family home sales continue to climb, but activity remains below long-term levels

August was a slow month for the Greater Toronto Area’s new home market, but that’s normal for this time of year. On a year-over-year basis, activity increased for the new single-family home segment, but sales were still low considering historical levels.

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See how much government fees increase new homes prices in the Greater Toronto Area  Image

See how much government fees increase new homes prices in the Greater Toronto Area

There’s been a lot of focus recently on the lack of supply and strong demand driving up home prices in the Greater Toronto Area, but there are other factors to consider: government fees, taxes, and charges.

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Will the housing market kick into high gear this fall? Image

Will the housing market kick into high gear this fall?

The next time you hear from me, it will be September. Kids will be back in school and families everywhere will consider summer over. Honestly, I’m kind of looking forward to it. 

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New single-family home sales soar 136%, but activity remains below long-term average Image

New single-family home sales soar 136%, but activity remains below long-term average

The Building Industry and Land Development Association's monthly new home report announced there were 566 new single-family home sales in July 2019, which is a 136% year-over-year increase, according to Altus Group.

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3 reasons why the mortgage stress test should not change (for now) Image

3 reasons why the mortgage stress test should not change (for now)

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. 

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Average price of a new condo in the Greater Toronto Area surpasses $800,000 Image

Average price of a new condo in the Greater Toronto Area surpasses $800,000

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. 

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Tension grows as Toronto councillors threaten to slow residential development Image

Tension grows as Toronto councillors threaten to slow residential development

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. 

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Average price of a new condo in the GTA nears $780,000 Image

Average price of a new condo in the GTA nears $780,000

In May 2019, there were 4,794 new home sales in the Greater Toronto Area, according to Altus Group, the Building Industry and Land Development Association’s trusted source for new home market intelligence.

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