Toronto’s housing supply shortage could be preventing important life decisions Image

Toronto’s housing supply shortage could be preventing important life decisions

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. 

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This is how much you need to make an hour to afford rent in Toronto Image

This is how much you need to make an hour to afford rent in Toronto

If you earn minimum wage, there’s a good chance you can’t afford to rent in any neighbourhood in Toronto, according to a new study by the Canadian Centre for Policy Alternatives. 

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Without Toronto and Vancouver, the average home price in Canada is below $400,000 Image

Without Toronto and Vancouver, the average home price in Canada is below $400,000

Though it seemed like the housing market was heating up last spring, on a national level, activity was a bit less exciting, according to the latest monthly report from the Candian Real Estate Association.

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Canadian housing affordability showing improvement, except in Toronto and Vancouver Image

Canadian housing affordability showing improvement, except in Toronto and Vancouver

On a national level, Canadian housing is becoming more affordable, but things aren’t looking good for buyers in the country’s most expensive markets, Toronto and Vancouver.

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Toronto homebuyers blame population growth for soaring housing prices Image

Toronto homebuyers blame population growth for soaring housing prices

Housing prices are considered high in the Greater Toronto Area, and many of the professionals in the industry blame the lack of supply. Turns out that’s not how homebuyers see it. 

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Would you pay a premium for a third bedroom? Image

Would you pay a premium for a third bedroom?

Would you pay more for a condo unit because it has an extra bedroom, even if the square footage was the same as a unit with fewer bedrooms? 

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Will Vancouver’s luxury home market bounce back this spring? Image

Will Vancouver’s luxury home market bounce back this spring?

Vancouver’s shift to a buyer’s market continued in both the condo and single-family markets. Buyers and sellers have stepped to the sidelines; buyers want to see if prices will keep dropping and sellers are hoping prices stabilize or go back up.

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Toronto has the best public transit in Canada, but is the score high enough? Image

Toronto has the best public transit in Canada, but is the score high enough?

Toronto recently took the top spot on a transit score ranking, which compared major cities’ transit networks across Canada. The study was conducted by real estate brokerage, Redfin. 

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Non-residents own more than 7% of condo units in Toronto Image

Non-residents own more than 7% of condo units in Toronto

The Canada Mortgage and Housing Corporation released its latest Housing Market Insight report, highlighting some new data gathered on non-resident homeownership in British Columbia, Ontario, and Nova Scotia. 

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Greater Toronto Area luxury home market to heat up this spring Image

Greater Toronto Area luxury home market to heat up this spring

It looks like the Greater Toronto Area’s luxury home market will be strong this year compared to 2018, according to a new report from Royal LePage. 

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