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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Homebuyers stepping off the sidelines as market confidence grows Image

Homebuyers stepping off the sidelines as market confidence grows

I was reviewing the recent new home market figures released by Altus Group and the Building Industry and Land Development Association, and I believe the Greater Toronto Area is almost on the right track. 

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New home sales in the Greater Toronto Area soar 123% Image

New home sales in the Greater Toronto Area soar 123%

According to Altus Group, the Building Industry and Land Development Association’s trusted source for new home market intelligence, there were 3,853 new home sales in the Greater Toronto Area in April 2019, which is a 123% year-over-year increase.

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Congratulations to the winners of the 2019 BILD Awards! Image

Congratulations to the winners of the 2019 BILD Awards!

At the end of last week the Greater Toronto Area’s new home industry came together to celebrate excellence in building, design, architecture, and marketing. 

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New single-family home sales bouncing back in the Greater Toronto Area Image

New single-family home sales bouncing back in the Greater Toronto Area

The Building Industry and Land Development Association released its new home sales figures for March 2019, reporting that new single-family home sales in the Greater Toronto Area increased once again. 

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