Ontario home prices need to drop more than $300,000 to be affordable for millennials
A new study by Generation Squeeze in Vancouver found average home prices in Canada need to drop by nearly 50% for a typical 25-34 year-old (let’s call them millennials) to afford an 80% mortgage on an average priced home. Or, their earnings need to double
ECHO House: Team Ontario’s Winning Design
By Penny MunozTeam Ontario’s ECHO ecological home is this year’s winner of the celebrated engineering contest at the 2013 Solar Decathlon. The home was praised for its unique capacity to bring energy efficiency and affordability together in a beautiful
How can Ontario sustain a healthy rental vacancy rate?
The Canada Mortgage and Housing Corporation released the results of its Rental Market Survey, announcing a decline in the national average vacancy rate, offsetting two years of increases. The average vacancy rate of purpose-built (primary)
Modernizing of Ontario's Condo Act Benefits us All
In 1998, Ontario's Condominium Act was established, and it came into force in 2001. This Act was implemented to establish parameters for the Land Registration System as to what types of condominiums would be accepted.
Ontario was the only province to see an increase in housing starts last month
The Canada Mortgage and Housing Corporation (CMHC) released its national housing starts report for August 2015, announcing a large increase in construction activity in Ontario. Housing starts in Canada trended at 196,565 units in August 2015, compared to
Ontario housing starts stay high, Canada trends lower
The Canada Mortgage and Housing Corporation (CMHC) released its national housing starts data for January 2016, announcing that housing starts in Canada trended lower for the month.The trend measure for January housing starts was 199,169 units, down from
Ontario Budget vague on Housing Supply Action Plan details
At the end of last week, Doug Ford’s government tabled its first Budget. We listened in via livestream and flipped through the Budget online, but we couldn’t find much regarding the Housing Supply Action Plan or housing affordability in Ontario.
Expect home prices to bounce back in 2019, especially in Ontario
The Canadian Real Estate Association released its monthly market figures for August 2018, reporting a slight increase in sales activity from the previous month.
Would Ireland’s first-time buyer program work in Ontario?
We just caught wind of an unprecedented first-time homebuyer program – unfortunately, it’s not offered in the Greater Toronto Area (GTA) or even Canada for that matter. You’ll have to become a citizen of Ireland to take advantage of
4 industry experts nervous about Ontario’s foreign buyers tax
One of the cooling measures proposed by the Ontario government was a 15% foreign buyers tax, and we’re not sure how feel about it. Upon passing, the tax is retroactively effective as of April 21, 2017. In Vancouver, sales dropped significantly as soon
