4 innovative approaches to building more affordable housing
The Centre for Urban Research and Land Development published a blog post recently, listing a few creative ways to build affordable housing in markets that have become expensive.
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
Turns out Canada may need more 1-bedroom condos
If you’re reading this and live in Canada, apparently there’s a pretty good chance you live by yourself. This has got me thinking about the upcoming federal election and the state of our country’s housing markets.
Limited resale listings pushing more buyers to the new home market
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts figures for July 2016, announcing that starts are trending higher across Canada.Last month, the trend measure was 201,936 units, compared to 197,847 in June. The trend is a
Only a few more days to check out Toronto of the Future!
Are you curious about what Toronto will look like in five years? How about 10 or 20 years? If so, you need to attend the free public event, Toronto of the Future.This architectural exhibition and real estate showcase is co-hosted by the City of Toronto
Condo sales in the 905 are up more than 23% compared to last year!
The Toronto Real Estate Board (TREB) released its home sales figures for August 2015, announcing a significant rise in sales, average price, and even listings. There were 7,998 transactions reported through the MLS System in August 2015, which is a 5.7%
Churches Can Offer More Than Spiritual Guidance
As has been conveyed many times in this space, densification is the way of the future for city growth across the country and even around the world. The reasoning is simple — cities can’t grow their tax bases without spreading out and since we don’t want
First-Time Homebuyers more Prepared in 2013
First-time homebuyers continue to adjust to the rules that are being placed in front of them, says a recent survey by our friends over at Genworth Financial.An annual poll by Genworth asked 1,514 Canadians questions about their financial well being,
Demand for detached homes growing as more millennials start families
As peak millennials find themselves in their 30s, it’s possible that there will be even more stress on the single-family housing market in 2020, according to a recent report by Royal LePage.
Hamilton council takes one more step towards LRT development
It looks like Hamilton is one step closer to becoming the urban centre that everyone knows it can be. Hamilton city councillors have voted to create an LRT office, an LRT sub-committee, and develop a memorandum of agreement with Metrolinx to bring this
