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Greater Toronto Area real estate heating up with the weather Image

Greater Toronto Area real estate heating up with the weather

In April, there were 9,042 home sales in the Greater Toronto Area reported through the MLS system, which is 16.8% higher than the same period last year. This is also 11.3% higher than the amount of sales in March 2019. 

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See why Brampton is one of the best places to live in Canada Image

See why Brampton is one of the best places to live in Canada

It’s the oldest line in the real estate handbook, “location, location, location.” But what matters most to you? The Best Places to Live: Canada Liveability Report by RE/MAX may help you decide. 

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Toronto still highly vulnerable as Canada’s housing market improves Image

Toronto still highly vulnerable as Canada’s housing market improves

In the Canada Mortgage and Housing Corporation’s quarterly Housing Market Assessment, the overall condition of Canada’s housing market moved from high risk to moderate risk, mostly due to an easing of price acceleration.

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Congratulations to the winners of the 2019 BILD Awards! Image

Congratulations to the winners of the 2019 BILD Awards!

At the end of last week the Greater Toronto Area’s new home industry came together to celebrate excellence in building, design, architecture, and marketing. 

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Condo construction hits record high in the Greater Toronto Area Image

Condo construction hits record high in the Greater Toronto Area

Urbanation, a leader in GTA condo market information, released its condo market results, reporting that pre-sale condo launch activity hit a 10-year low in the first quarter of 2019. Only eight new projects launched in the first three months of the year.

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Ontario announces details of the Housing Supply Action Plan Image

Ontario announces details of the Housing Supply Action Plan

The province of Ontario announced the details of its More Homes, More Choice: Ontario’s Housing Supply Action Plan, and it immediately received praise and support from leaders in the new home industry. 

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What would happen if the mortgage stress test was eliminated? Image

What would happen if the mortgage stress test was eliminated?

Sixteen months after the implementation of the federal government’s B-20 mortgage stress test regulations, TD Bank released an examination of its effects. Basically, the stress test did what it was supposed to do, but had some unintended consequences. 

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Only those within the top 10% of earners can afford a Toronto house: study Image

Only those within the top 10% of earners can afford a Toronto house: study

Even as housing prices have cooled throughout the GTA since the 2016 market peak, the average house still fetched $873,100 as of March, while the typical condo unit costs over half a million dollars, at an average of $522,300.

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Shifting the focus to first-time buyers Image

Shifting the focus to first-time buyers

We tend to always have a slight focus on first-time buyers, but now that we’re fully in spring mode, we want to shift the focus into a higher gear. For all of May, we’ll have even more tips and news for and about first-time buyers! 

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How Ontario can amp up affordable housing development Image

How Ontario can amp up affordable housing development

The key to building more affordable housing lies in the availability of public surplus lands, which is government owned land that is “vacant or underutilized, that is no longer needed to deliver government goods and services (Infrastructure Ontario).

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