Greater Toronto Area resale market conditions remain tight through the summer Image

Greater Toronto Area resale market conditions remain tight through the summer

According to the latest report from the Toronto Real Estate Board, the Greater Toronto Area’s resale market remained tight through August 2019. 

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Will the housing market kick into high gear this fall? Image

Will the housing market kick into high gear this fall?

The next time you hear from me, it will be September. Kids will be back in school and families everywhere will consider summer over. Honestly, I’m kind of looking forward to it. 

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Here’s where home prices have doubled in the City of Toronto in the last 5 years Image

Here’s where home prices have doubled in the City of Toronto in the last 5 years

The Toronto housing market has long had a reputation for being the hottest in the nation – even in the aftermath of provincial and federal policies introduced to cool prices, the city continues to see home values appreciate at a blistering pace.

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New single-family home sales soar 136%, but activity remains below long-term average Image

New single-family home sales soar 136%, but activity remains below long-term average

The Building Industry and Land Development Association's monthly new home report announced there were 566 new single-family home sales in July 2019, which is a 136% year-over-year increase, according to Altus Group.

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Have condo rents in the Greater Toronto Area peaked? Image

Have condo rents in the Greater Toronto Area peaked?

Condo rental rates were flat during this time period, averaging between $2,600 and $2,650 a month. Purpose-built rental listings were around $2,000 a month in January 2019 and have since increased more than 7% to $2,133.

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Buying a detached home and the importance of patience Image

Buying a detached home and the importance of patience

I have a confession to make - I’m slightly conflicted about the state of the Greater Toronto Area’s housing market. Is there actually an affordability crisis? Does the mortgage stress test actually need to be adjusted? 

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Ontarians don’t think municipalities should have greater tax powers Image

Ontarians don’t think municipalities should have greater tax powers

The Ontario Real Estate Association commissioned a study, conducted by Navigator, to better understand the Public Perception Regarding Municipal Government Programs. The online survey included people aged 18+ in Ontario. 

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Canadian home sales climb for the fifth month in a row Image

Canadian home sales climb for the fifth month in a row

Despite the stress test, Canadian home sales are returning to healthy levels, according to the monthly report from the Canadian Real Estate Association. In July 2019, national home sales increased for the fifth consecutive month.

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The Greater Toronto Area’s detached home market is making a comeback! Image

The Greater Toronto Area’s detached home market is making a comeback!

For the longest time, detached homes were the most popular housing type. Even when prices were skyrocketing, detached home sales in the resale market were still higher than townhomes and semis.

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Am I contributing to the housing supply shortage by not downsizing? Image

Am I contributing to the housing supply shortage by not downsizing?

Will aging baby boomers really prevent millennials from moving up and buying single-family homes in Toronto? A new report from the Canada Mortgage and Housing Corporation suggests this will happen. 

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