4 ways the government can remove barriers to home ownership Image

4 ways the government can remove barriers to home ownership

With the federal election right around the corner, REALTOR® associations across Canada came together to make recommendations for all levels of government in an effort to make home ownership more attainable for Canadians. 

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Detached housing starts trending higher despite rising prices Image

Detached housing starts trending higher despite rising prices

The Canada Mortgage and Housing Corporation released its monthly housing starts data for August 2019, reporting the trend reaching 218,998 units, up from the 208,931 in July. The trend is a six month moving average of seasonally adjusted annual rates.

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Condo price growth continues to outpace detached home segment Image

Condo price growth continues to outpace detached home segment

The report looks at the first seven months of 2019 compared to the same period in 2018. Considering transactions in January to the end of July, the median price per square foot of a condo unit in the GTA increased 9.1% year-over-year to $743.

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Greater Toronto Area resale market conditions remain tight through the summer Image

Greater Toronto Area resale market conditions remain tight through the summer

According to the latest report from the Toronto Real Estate Board, the Greater Toronto Area’s resale market remained tight through August 2019. 

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Will the housing market kick into high gear this fall? Image

Will the housing market kick into high gear this fall?

The next time you hear from me, it will be September. Kids will be back in school and families everywhere will consider summer over. Honestly, I’m kind of looking forward to it. 

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Here’s where home prices have doubled in the City of Toronto in the last 5 years Image

Here’s where home prices have doubled in the City of Toronto in the last 5 years

The Toronto housing market has long had a reputation for being the hottest in the nation – even in the aftermath of provincial and federal policies introduced to cool prices, the city continues to see home values appreciate at a blistering pace.

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New single-family home sales soar 136%, but activity remains below long-term average Image

New single-family home sales soar 136%, but activity remains below long-term average

The Building Industry and Land Development Association's monthly new home report announced there were 566 new single-family home sales in July 2019, which is a 136% year-over-year increase, according to Altus Group.

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Have condo rents in the Greater Toronto Area peaked? Image

Have condo rents in the Greater Toronto Area peaked?

Condo rental rates were flat during this time period, averaging between $2,600 and $2,650 a month. Purpose-built rental listings were around $2,000 a month in January 2019 and have since increased more than 7% to $2,133.

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Buying a detached home and the importance of patience Image

Buying a detached home and the importance of patience

I have a confession to make - I’m slightly conflicted about the state of the Greater Toronto Area’s housing market. Is there actually an affordability crisis? Does the mortgage stress test actually need to be adjusted? 

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Ontarians don’t think municipalities should have greater tax powers Image

Ontarians don’t think municipalities should have greater tax powers

The Ontario Real Estate Association commissioned a study, conducted by Navigator, to better understand the Public Perception Regarding Municipal Government Programs. The online survey included people aged 18+ in Ontario. 

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