After a lengthy period of high vulnerability in Toronto’s housing market, it finally looks like things are starting to ease up, according to the Canada Mortgage and Housing Corporation’s latest Housing Market Assessment.
The residential streetscape is in for a change with cities across Canada approving bylaws to allow for more housing per property. Will it completely fix the tight rental market? No. But, it’s definitely a step in the right direction.
It looks like 2019 may be one of the strongest years ever for the Greater Toronto Area’s new condo market, according to recent figures from Urbanation, the leading source for new condo statistics in the GTA.
Before cannabis legalization, there was a fear that there would be negative effects on the Canadian housing market. According to recent figures, it looks like the opposite is actually happening.
According to the Building Industry and Land Development Association’s monthly new home market report, there were 3,061 new home sales across the GTA in September 2019, which is 73% higher than the same month a year ago.