New single-family home sales in the Greater Toronto Area increase a whopping 283% Image

New single-family home sales in the Greater Toronto Area increase a whopping 283%

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.

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You can expect Canadian home prices and sales to increase in 2020 Image

You can expect Canadian home prices and sales to increase in 2020

​​​​​​​Following a rocky 2018, Canada’s housing market showed signs of rebounding all through 2019, and it looks like a recent report has confirmed that sales and prices will be on the rise in 2020. 

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Tarion makes moves to better inform and educate condo buyers Image

Tarion makes moves to better inform and educate condo buyers

​​​​​​​New pre-construction condo developments in Ontario will soon require an extra information sheet in the Agreement of Purchase & Sale thanks to a new mandate by Tarion Warranty Corporation.  

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What a Liberal government means for the housing market Image

What a Liberal government means for the housing market

I’ll start by congratulating the Liberal party, Justin Trudeau, and all the MPs elected across the country - but what does a Liberal minority government mean for Canada’s housing market? 

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Canadian home sales continue to climb through the fall Image

Canadian home sales continue to climb through the fall

According to the Canadian Real Estate Association, home sales reported through national MLS systems in September 2019 increased 15.5% year-over-year, and came in 18% above the six-year low hit in February 2019.

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Rent in the Greater Toronto Area may have peaked Image

Rent in the Greater Toronto Area may have peaked

Urbanation’s third quarter purpose-built rental market results include data from rental buildings across the GTA, completed since 2005, which accounts for 68 buildings and 14,832 units

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Average price of a resale condo unit in the Greater Toronto Area jumps nearly 6% Image

Average price of a resale condo unit in the Greater Toronto Area jumps nearly 6%

​​​​​​​The Greater Toronto Area’s resale condo market is going strong according to the latest quarterly findings from the Toronto Real Estate Board, but there are some areas where average prices are falling. 

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78% of Canadians want the next government to make home affordability a priority Image

78% of Canadians want the next government to make home affordability a priority

​​​​​​​With the federal election mere days away, the topic of housing affordability – and just what the next sitting government plans to do to alleviate it – continues to be at the top of Canadians’ minds.

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Canadian newcomers play a key role in fuelling housing demand Image

Canadian newcomers play a key role in fuelling housing demand

According to the survey results, newcomers account for 21% of all homebuyers in Canada. If the international migration level remains the same, newcomers are expected to buy 680,000 homes in Canada over the next five years. 

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Canadians starting to relax views on legal cannabis in the home Image

Canadians starting to relax views on legal cannabis in the home

It has been nearly a year since Bill C-45, the Cannabis Act, was passed into legislation, meaning Canadians have enjoyed the ability to legally consume and grow the drug within their own private residences.

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