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Homebuyers stepping off the sidelines as market confidence grows Image

Homebuyers stepping off the sidelines as market confidence grows

I was reviewing the recent new home market figures released by Altus Group and the Building Industry and Land Development Association, and I believe the Greater Toronto Area is almost on the right track. 

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Park Vista in Whitby sells out in just one day! Image

Park Vista in Whitby sells out in just one day!

April 2019 proved to be a busy month for the new home market, and based on the success that Fieldgate Homes and Paradise Developments saw at Park Vista in Whitby last weekend, it seems like May has been strong, too. 

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New home sales in the Greater Toronto Area soar 123% Image

New home sales in the Greater Toronto Area soar 123%

According to Altus Group, the Building Industry and Land Development Association’s trusted source for new home market intelligence, there were 3,853 new home sales in the Greater Toronto Area in April 2019, which is a 123% year-over-year increase.

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CMHC president defends the mortgage stress test Image

CMHC president defends the mortgage stress test

Is it true that the mortgage stress test doesn’t really have unintended consequences? That’s what Evan Siddall, the president and CEO of Canada Mortgage and Housing Corporation, believes. 

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First all-female real estate development team making history in Toronto Image

First all-female real estate development team making history in Toronto

It’s no secret that the new home industry is a male-dominated one. From builders and developers to architects and engineers, the “biggest names” are men. Just flipping through our own contact list, it’s obvious that men outnumber women in real estate.

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Mortgage activity slows as Canadians fall deeper into debt Image

Mortgage activity slows as Canadians fall deeper into debt

Since late 2015, the mortgage delinquency rate among 65+ mortgage holders has been on the rise and the highest among all age groups, says the Mortgage and Consumer Credit Trends report by CMHC.

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This could be your final opportunity to buy at PACE on Main in Stouffville Image

This could be your final opportunity to buy at PACE on Main in Stouffville

This is your chance to get a glimpse of what PACE on Main in Stouffville has to offer! Geranium just announced they are hosting an Open House this weekend (May 25 and 26). 

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The Art Shoppe is closing its iconic Toronto showroom and yes, there’s a sale! Image

The Art Shoppe is closing its iconic Toronto showroom and yes, there’s a sale!

Even if you can’t afford to actually shop at The Art Shoppe, you’ve likely heard of the iconic 70,000 square foot showroom in the Castlefield Design District in Toronto. The company has an 83-year history, and they are planning for the next era.

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Taking a closer look at Inclusionary Zoning policy in Toronto Image

Taking a closer look at Inclusionary Zoning policy in Toronto

On May 28, 2019, the Inclusionary Zoning Official Plan Policy Directions will be considered by the Planning and Housing Committee, then pending the results, it will go to City Council on June 18.

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Toronto real estate is resilient in a turbulent time Image

Toronto real estate is resilient in a turbulent time

With Toronto Council at odds with the province about the Housing Supply Action Plan, and talk of some serious money laundering through Toronto real estate, I wouldn’t blame you for being concerned.

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