Ontarians don’t think municipalities should have greater tax powers
The Ontario Real Estate Association commissioned a study, conducted by Navigator, to better understand the Public Perception Regarding Municipal Government Programs. The online survey included people aged 18+ in Ontario.
How millennials influence homebuying patterns in the Greater Toronto Area
A recent report from RE/MAX of Ontario-Atlantic Canada says that homebuying activity in the Greater Toronto Area has shifted to the west, but millennials may swing activity back to the east in the near future.
Balance may be returning to the Greater Toronto Area’s condo rental market
In the third quarter of 2019 (Q3-2019), there were 10,800 condo apartments rented through the MLS system, which is 17.3% higher than the same quarter a year ago.
Condo buyers are heading to the outskirts of the Greater Toronto Area
Urbanation released its condo market results for the second quarter of 2019, reporting that there were 8,902 condo sales in the GTA, which is an increase of 77% year-over-year.
The FTHBI won’t improve housing affordability in the Greater Toronto Area
Right before the federal election, Canada’s First-Time Home Buyer Incentive will kick into action, making it easier for thousands of buyers across the country to dive into the market.
Condo construction hits record high in the Greater Toronto Area
Urbanation, a leader in GTA condo market information, released its condo market results, reporting that pre-sale condo launch activity hit a 10-year low in the first quarter of 2019. Only eight new projects launched in the first three months of the year.
Greater Toronto Area real estate heating up with the weather
In April, there were 9,042 home sales in the Greater Toronto Area reported through the MLS system, which is 16.8% higher than the same period last year. This is also 11.3% higher than the amount of sales in March 2019.
Greater Toronto Area poised to lead Canada’s top-tier real estate market performance this fall
With a busy summer behind us, it looks like the Greater Toronto Area’s luxury home market is poised for a strong fall, according to Sotheby’s International Realty Canada’s latest Top-Tier Real Estate report.
Rent in the Greater Toronto Area may have peaked
Urbanation’s third quarter purpose-built rental market results include data from rental buildings across the GTA, completed since 2005, which accounts for 68 buildings and 14,832 units
Have condo rents in the Greater Toronto Area peaked?
Condo rental rates were flat during this time period, averaging between $2,600 and $2,650 a month. Purpose-built rental listings were around $2,000 a month in January 2019 and have since increased more than 7% to $2,133.
