The Building Industry and Land Development Association released its monthly new home sales figures for February 2019, reporting a significant spike in new single-family home sales in the Greater Toronto Area.
Vancouver’s shift to a buyer’s market continued in both the condo and single-family markets. Buyers and sellers have stepped to the sidelines; buyers want to see if prices will keep dropping and sellers are hoping prices stabilize or go back up.
The Canada Mortgage and Housing Corporation released its latest Housing Market Insight report, highlighting some new data gathered on non-resident homeownership in British Columbia, Ontario, and Nova Scotia.
According to a new report from the Centre for Urban Research and Land Development, there’s plenty of space for new transit oriented development, but outdated city bylaws are preventing new housing from being built.