Expect housing starts to slow in 2019
Altus Group Ltd. says the cost of land in some areas of the Greater Toronto Area (GTA) has nearly tripled in the last five years, now accounting for roughly half the price of a new home. In 2011, it was just over a third. According to
Rental demand outweighing supply in the GTA
Urbanation, the Greater Toronto Area’s (GTA) leading source for condo market intelligence, recently released its 2017 fourth quarter rental market report, announcing that supply is not meeting the strong demand. There were 27,219 condo
2017: The year of the condo
We think it’s pretty safe to declare 2017 the year of the condo, in the Greater Toronto Area (GTA) at least. We saw record high prices, sales, and construction this year, and it’s been a wild ride. But can it last? There are no signs
Anti-competition ruling creates more informed homebuyers
In spring of 2016, Canada’s Competition Tribunal ruled that the Toronto Real Estate Board (TREB) was preventing competition by prohibiting its realtor members from online disclosure of sales data, including sales prices. Last week, a
New home construction holds steady following 10-year high
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts report for January 2018, announcing steady new home construction continuing from last year. The housing starts trend for January 2018 was 224,865 units, compared
Canadian home sales climb in December
The Canadian Real Estate Association (CREA) released its national home sales report for December 2017, announcing another month of increased activity. Despite the typically slow season, December 2017 was the fifth consecutive month of
Resale condo market had the strongest price growth last year
The Toronto Real Estate Board (TREB) released its resale housing market data for 2017, announcing a drop in sales and an increase in average prices. There were 92,394 sales in the Greater Toronto Area (GTA) reported through the MLS system.
More and more buyers priced out of the new condo market
The Building Industry and Land Development Association (BILD) released its new home sales report for December 2017 along with some totals for the year, announcing strong sales amidst declining inventory. There were 44,143 new home sales
More households investing in renovations
Statistics Canada recently released its quarterly report on residential construction investment, announcing a significant year-over-year increase. In total, $35.8 billion was invested in residential construction in the third quarter of 2017,
Home sales and average price drop in November
The Toronto Real Estate Board (TREB) released its monthly resale figures for November 2017, announcing a drop in sales and average selling price. There were 7,374 sales in the Greater Toronto Area (GTA) reported through the MLS system last
