Resale condo market remains tight through the first half of the year Image

Resale condo market remains tight through the first half of the year

According to the Toronto Real Estate Board, there were 7,038 condo sales reported through the MLS in the second quarter of 2019, which is a year-over-year increase of 3.2%.

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Average price of a new condo in the Greater Toronto Area surpasses $800,000 Image

Average price of a new condo in the Greater Toronto Area surpasses $800,000

Compared to last year, 2019 is proving to be a strong one for new home sales in the Greater Toronto Area, according to a new report from the Building Industry and Land Development Association. 

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Mass timber construction could help increase housing supply Image

Mass timber construction could help increase housing supply

There’s been a lot of tension between the province of Ontario and municipalities, especially Toronto, but one piece of seemingly good news is the recent funding for a new mass timber manufacturing facility. 

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Looking for a cottage? Recreational property prices are on the rise! Image

Looking for a cottage? Recreational property prices are on the rise!

In Ontario, recreational property prices increased 8% year-over-year. Properties with water access in places like Collingwood and Blue Mountain saw median prices going up as much as 36%. The Haliburton waterfront area saw prices increasing nearly 30%.

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Toronto’s housing supply shortage could be preventing important life decisions Image

Toronto’s housing supply shortage could be preventing important life decisions

Have you put off moving? What was the reason? A new report suggests housing supply is tied to a decreasing mobility rate in some of Canada’s largest metro areas, including Montreal, Ottawa-Gatineau, Calgary, Edmonton, Vancouver, and Toronto. 

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This is how much you need to make an hour to afford rent in Toronto Image

This is how much you need to make an hour to afford rent in Toronto

If you earn minimum wage, there’s a good chance you can’t afford to rent in any neighbourhood in Toronto, according to a new study by the Canadian Centre for Policy Alternatives. 

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These were Canada’s hottest sellers’ markets in June Image

These were Canada’s hottest sellers’ markets in June

What are home buying conditions currently like across Canada? The latest data out from the Canadian Real Estate Association paints a picture of stability, as sales and prices remain relatively unchanged from last year.

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OREA calls on political parties to ‘keep the home ownership dream alive’ Image

OREA calls on political parties to ‘keep the home ownership dream alive’

With only a few months until the federal election, the Ontario Real Estate Association is calling on the four leading political parties to prioritize keeping the “home ownership dream alive.”

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Without Toronto and Vancouver, the average home price in Canada is below $400,000 Image

Without Toronto and Vancouver, the average home price in Canada is below $400,000

Though it seemed like the housing market was heating up last spring, on a national level, activity was a bit less exciting, according to the latest monthly report from the Candian Real Estate Association.

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Average rent hits record high as vacancy rate improves Image

Average rent hits record high as vacancy rate improves

Though there was a slight increase in rental supply in the second quarter of 2019, it doesn’t mean rent got more affordable for tenants in the Greater Toronto Area.

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