New single-family home sales continue to climb, but activity remains below long-term levels Image

New single-family home sales continue to climb, but activity remains below long-term levels

August was a slow month for the Greater Toronto Area’s new home market, but that’s normal for this time of year. On a year-over-year basis, activity increased for the new single-family home segment, but sales were still low considering historical levels.

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See what new home industry professionals worry about with 2020 right around the corner Image

See what new home industry professionals worry about with 2020 right around the corner

Affordability is top of mind for most homebuyers in the Greater Toronto Area, but what do new home industry professionals worry about with 2020 right around the corner? 

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Ontario struggling the most with Canada’s rental affordability crisis Image

Ontario struggling the most with Canada’s rental affordability crisis

Thanks to the 2019 Canadian Rental Housing Index, we now have a better picture of the rental affordability crisis in Canada, and it hits hard in Ontario. Of the top 20 federal ridings with the worst rental affordability challenges, 11 are in Ontario.

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Canadian home sales increase for the sixth consecutive month Image

Canadian home sales increase for the sixth consecutive month

In August 2019, national home sales increased for the sixth month in a row, coming in 17% higher than the six-year low hit in February 2019. On a year-over-year basis, national sales jumped 5%, with significant activity in the Greater Toronto Area. 

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See how much government fees increase new homes prices in the Greater Toronto Area  Image

See how much government fees increase new homes prices in the Greater Toronto Area

There’s been a lot of focus recently on the lack of supply and strong demand driving up home prices in the Greater Toronto Area, but there are other factors to consider: government fees, taxes, and charges.

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Lower mortgage rates spur brighter outlook for resale housing market Image

Lower mortgage rates spur brighter outlook for resale housing market

With a strong summer coming to an end, the Canadian Real Estate Association updated its resale housing market forecast with a slightly more positive outlook for the rest of 2019 and beginning of 2020. 

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6 housing ideas to consider before heading to the polls in October Image

6 housing ideas to consider before heading to the polls in October

The Hub is called REALideas, and it has all the policy recommendations that the leading political parties should take into consideration when releasing their platforms in the coming weeks. 

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4 ways the government can remove barriers to home ownership Image

4 ways the government can remove barriers to home ownership

With the federal election right around the corner, REALTOR® associations across Canada came together to make recommendations for all levels of government in an effort to make home ownership more attainable for Canadians. 

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Detached housing starts trending higher despite rising prices Image

Detached housing starts trending higher despite rising prices

The Canada Mortgage and Housing Corporation released its monthly housing starts data for August 2019, reporting the trend reaching 218,998 units, up from the 208,931 in July. The trend is a six month moving average of seasonally adjusted annual rates.

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Condo price growth continues to outpace detached home segment Image

Condo price growth continues to outpace detached home segment

The report looks at the first seven months of 2019 compared to the same period in 2018. Considering transactions in January to the end of July, the median price per square foot of a condo unit in the GTA increased 9.1% year-over-year to $743.

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