20 grants and loans for first-time buyers in Ontario
Saving a sufficient down payment is tough enough on its own and when coupled with rising interest rates and tough qualification rules – which includes a mortgage stress test– affording a home becomes very difficult for some.
Don’t let market uncertainty prevent you from buying your dream home
Toronto recently plummeted in a global ranking of housing markets. Is it a bad thing? Is it a sign of things to come? I think it might be a good thing. Having the hottest market sometimes means there are more people who can’t afford a home.
Building more missing middle housing is only half the battle
The Centre for Urban Research and Land Development recently shared a new report, titled “Townhouses Not a Magic Bullet for GTA Ground-Related Housing Affordability.”
Turns out Toronto isn’t the least affordable housing market in Ontario
Real estate brokerage, Zoocasa, released a list of the least affordable housing markets in Ontario, and you’ll be surprised to hear that Toronto doesn’t top the list.
The NIMBY mindset must change to improve housing affordability
I’m getting nervous that NIMBYism will prevent the Toronto real estate market and the rest of the Greater Toronto Area from meeting the needs of eager homebuyers.
Post-secondary students come up with innovative solutions to create affordable housing
The CMHC announced the winners of the Innovation Fund Student Challenge, an initiative encouraging post-secondary students to come up with out-of-the-box solutions to address affordable housing issues in the rental market.
Housing prices in Vancouver dropping due to greater supply (and it might be a good thing)
Toronto real estate and Vancouver real estate get compared a lot, mostly because they’re the hottest housing markets in Canada. What we’re seeing in Vancouver that we’re not seeing in Toronto right now is the uptick in resale home listings.
Addressing the cost of housing is high priority for voters in the upcoming municipal election
The Building Industry and Land Development Association joined forces with the Toronto Real Estate Board on an Ipsos poll to gauge voters’ priorities in the upcoming municipal election.
Nearly half of Gen Zers want to buy a home in the next few years
Forget millenials, it’s time to talk about Generation Z. Okay, don’t forget millennials, they are clearly still an important demographic when it comes to the economy and influence on the housing market.
Declining new condo affordability ‘amplified’ typical summer slowdown
The Building Industry and Land Development Association released its Greater Toronto Area new home statistics for July 2018, reporting the typical summer slowdown everyone was expecting.
