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.
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.
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.
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.
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.
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.