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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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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How should Canada tackle money laundering in the housing market? Image

How should Canada tackle money laundering in the housing market?

Canada is an attractive place to buy a home because it’s an amazing place to live, but there are other, more sinister reasons to buy real estate in Canada, and British Columbia is cracking down. 

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Toronto council not on board with the Housing Supply Action Plan Image

Toronto council not on board with the Housing Supply Action Plan

When the Housing Supply Action Plan was announced, members of the new home industry praised the Bill, but it looks like Toronto City Council has many concerns. 

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Canadian home sales bouncing back this spring! Image

Canadian home sales bouncing back this spring!

The Canadian Real Estate Association released its housing figures for last month, reporting that sales on a national level increased 3.6% month-over-month, based on transactions reported through Canadian MLS systems.

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It looks like the foreign buyers tax is working Image

It looks like the foreign buyers tax is working

It recently came to my attention that the province of Ontario had not published any new data on foreign buyers in the residential market since Doug Ford was elected. It wasn’t sitting well with people, and the government responded quickly. 

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Some new home owners aren’t getting the park they paid for Image

Some new home owners aren’t getting the park they paid for

Altus Group and the Building Industry and Land Development Association released new findings that say that parkland payments to municipalities can add $20,000 to $30,000 to the cost of a new home.

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Canadian housing starts trend upwards as Toronto construction takes a breather Image

Canadian housing starts trend upwards as Toronto construction takes a breather

The Canada Mortgage and Housing Corporation released its monthly housing starts figures for April 2019, reporting an upwards trend due to strong multi-unit starts. 

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