Average price of a resale condo unit in the Greater Toronto Area jumps nearly 6% Image

Average price of a resale condo unit in the Greater Toronto Area jumps nearly 6%

​​​​​​​The Greater Toronto Area’s resale condo market is going strong according to the latest quarterly findings from the Toronto Real Estate Board, but there are some areas where average prices are falling. 

Read More
Average First-Time Buyers’ Budgets Increase to $316,100 Image

Average First-Time Buyers’ Budgets Increase to $316,100

The Bank of Montreal (BMO) released its First-Time Home Buyers Report, announcing that the average first-time buyer has increased their average budget to $316,100 (compared to $300,000 in 2013).While the average budget has jumped over $16,000, the

Read More
Only those within the top 10% of earners can afford a Toronto house: study Image

Only those within the top 10% of earners can afford a Toronto house: study

Even as housing prices have cooled throughout the GTA since the 2016 market peak, the average house still fetched $873,100 as of March, while the typical condo unit costs over half a million dollars, at an average of $522,300.

Read More
Top 5 tips for gardeners with limited space Image

Top 5 tips for gardeners with limited space

The concept of ‘the average lot size’ is changing. In the near future, ‘average size’ could mean a few square feet located way off the ground, rather than an expansive suburban lot. As gardeners, our response to this may be negative. We are left with

Read More
Ontario home prices need to drop more than $300,000 to be affordable for millennials Image

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

Read More
April Home Sales Tops 50,000 for the Third Time Ever Image

April Home Sales Tops 50,000 for the Third Time Ever

The Canadian Real Estate Association (CREA) released its monthly national sales report for April 2015, announcing that the national average price for homes sold during the month was $448,862.This average sale price is 9.5% higher compared to the same

Read More
National average home price heavily skewed by Toronto and Vancouver Image

National average home price heavily skewed by Toronto and Vancouver

The Canadian Real Estate Association (CREA) released its national home sales statistics, announcing that home sales edged up in September 2017. When the CREA says sales increased in September, they mean from August 2017; sales went up by 2.1%. On a

Read More
Without Toronto and Vancouver, the average home price in Canada is below $400,000 Image

Without Toronto and Vancouver, the average home price in Canada is below $400,000

Though it seemed like the housing market was heating up last spring, on a national level, activity was a bit less exciting, according to the latest monthly report from the Candian Real Estate Association.

Read More
Average Price for New Low-Rise Hits Record High Image

Average Price for New Low-Rise Hits Record High

The Building Industry and Land Development Association (BILD) recently announced that as of September 30, 2014, new home sales in the Greater Toronto Area (GTA) are performing better than average!According to BILD’s official source for new market

Read More
Rising average home prices redefine “luxury” Image

Rising average home prices redefine “luxury”

We watch with increasing incredulity as average home prices in Toronto creep past $1 million, marvelling that a nondescript (or even decrepit) one-time starter home can cost more than a Bugatti. Where once a million dollar price tag had connotations of

Read More

Sign-up for our Newsletter