Pent up demand supporting strong price growth in resale housing market Image

Pent up demand supporting strong price growth in resale housing market

The Greater Toronto Area resale housing market had a strong spring, and summer started off strong, too. Based on the latest market figures from the Toronto Real Estate Board, summer is still hot! 

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You can expect condo sales in downtown Toronto to spike again Image

You can expect condo sales in downtown Toronto to spike again

A recent report found that condo buyers are extending their home search to the outskirts of the Greater Toronto Area, likely in search of relatively affordable prices and more square footage for their dollar. I don’t think this trend will last long. 

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Canadian housing market maintains moderate degree of vulnerability Image

Canadian housing market maintains moderate degree of vulnerability

It looks like Canada’s housing market is finally balancing out, according to the latest Housing Market Assessment from the Canada Mortgage and Housing Corporation. 

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Condo buyers are heading to the outskirts of the Greater Toronto Area Image

Condo buyers are heading to the outskirts of the Greater Toronto Area

Urbanation released its condo market results for the second quarter of 2019, reporting that there were 8,902 condo sales in the GTA, which is an increase of 77% year-over-year.

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Open auctions picking up steam in Toronto real estate Image

Open auctions picking up steam in Toronto real estate

We’ve always said that the housing market and its participants would benefit from more transparency, and it looks like open auctions are catching on in the Greater Toronto Area. 

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Unpopular opinion: The housing market is in great shape Image

Unpopular opinion: The housing market is in great shape

Is there an affordability crisis? Yes. Are we still lacking supply? Yes. Do we still need more high-density housing near major transit nodes and the zoning to accommodate this type of development? Yes.

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3 reasons why the mortgage stress test should not change (for now) Image

3 reasons why the mortgage stress test should not change (for now)

The mortgage stress test has been a hot topic since it was first introduced in 2018. Some in the real estate industry believe the policy has done its job and it’s time to revise it, and some believe it should remain the way it is. 

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There are 120 construction cranes active in Toronto right now Image

There are 120 construction cranes active in Toronto right now

Rider Levett Bucknall released its July 2019 Crane Index recently, and Better Dwelling had a few additional details about the report. The Crane Index looks at 13 major cities in North America and tracks the amount of cranes on the skyline. 

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Resale condo market remains tight through the first half of the year Image

Resale condo market remains tight through the first half of the year

According to the Toronto Real Estate Board, there were 7,038 condo sales reported through the MLS in the second quarter of 2019, which is a year-over-year increase of 3.2%.

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Average price of a new condo in the Greater Toronto Area surpasses $800,000 Image

Average price of a new condo in the Greater Toronto Area surpasses $800,000

Compared to last year, 2019 is proving to be a strong one for new home sales in the Greater Toronto Area, according to a new report from the Building Industry and Land Development Association. 

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