Toronto doesn’t have nearly enough rental units to meet demand Image

Toronto doesn’t have nearly enough rental units to meet demand

You think Toronto’s residential rental market is tight now? According to a recent report from the Royal Bank of Canada, the demand for rent is only going to get stronger, and there’s not enough inventory to accommodate it. 

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Federal parties outline ways to improve housing in Canada Image

Federal parties outline ways to improve housing in Canada

The Toronto Real Estate Board recently announced that they are “encouraged” by the federal parties’ focus on housing issues, but there’s a bit more to the story than meets the eye. 

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Ontario proposes new administrative authority to help increase housing supply Image

Ontario proposes new administrative authority to help increase housing supply

In an effort to speed up the construction of new housing, the province of Ontario is proposing the creation of a new administrative authority to conduct and oversee building services.  

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Greater Toronto Area poised to lead Canada’s top-tier real estate market performance this fall Image

Greater Toronto Area poised to lead Canada’s top-tier real estate market performance this fall

With a busy summer behind us, it looks like the Greater Toronto Area’s luxury home market is poised for a strong fall, according to Sotheby’s International Realty Canada’s latest Top-Tier Real Estate report.  

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New single-family home sales continue to climb, but activity remains below long-term levels Image

New single-family home sales continue to climb, but activity remains below long-term levels

August was a slow month for the Greater Toronto Area’s new home market, but that’s normal for this time of year. On a year-over-year basis, activity increased for the new single-family home segment, but sales were still low considering historical levels.

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See what new home industry professionals worry about with 2020 right around the corner Image

See what new home industry professionals worry about with 2020 right around the corner

Affordability is top of mind for most homebuyers in the Greater Toronto Area, but what do new home industry professionals worry about with 2020 right around the corner? 

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Ontario struggling the most with Canada’s rental affordability crisis Image

Ontario struggling the most with Canada’s rental affordability crisis

Thanks to the 2019 Canadian Rental Housing Index, we now have a better picture of the rental affordability crisis in Canada, and it hits hard in Ontario. Of the top 20 federal ridings with the worst rental affordability challenges, 11 are in Ontario.

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Canadian home sales increase for the sixth consecutive month Image

Canadian home sales increase for the sixth consecutive month

In August 2019, national home sales increased for the sixth month in a row, coming in 17% higher than the six-year low hit in February 2019. On a year-over-year basis, national sales jumped 5%, with significant activity in the Greater Toronto Area. 

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See how much government fees increase new homes prices in the Greater Toronto Area  Image

See how much government fees increase new homes prices in the Greater Toronto Area

There’s been a lot of focus recently on the lack of supply and strong demand driving up home prices in the Greater Toronto Area, but there are other factors to consider: government fees, taxes, and charges.

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Lower mortgage rates spur brighter outlook for resale housing market Image

Lower mortgage rates spur brighter outlook for resale housing market

With a strong summer coming to an end, the Canadian Real Estate Association updated its resale housing market forecast with a slightly more positive outlook for the rest of 2019 and beginning of 2020. 

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