Ontario home prices need to drop more than $300,000 to be affordable for millennials Image

Ontario home prices need to drop more than $300,000 to be affordable for millennials

A new study by Generation Squeeze in Vancouver found average home prices in Canada need to drop by nearly 50% for a typical 25-34 year-old (let’s call them millennials) to afford an 80% mortgage on an average priced home. Or, their earnings need to double

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Is it time to embrace coliving in Toronto? Image

Is it time to embrace coliving in Toronto?

It may sound like you’re back in college again, but your next rental in Toronto may be a coliving situation. How do you feel about that? Common, a company known for its coliving housing in the United States, has partnered with Dream Unlimited.

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Spring ends on a high note as Greater Toronto Area home sales spike more than 10% Image

Spring ends on a high note as Greater Toronto Area home sales spike more than 10%

TREB released its monthly resale housing market figures, announcing that 8,860 sales were reported through the MLS system. When looking at the first half of the year, home sales are up 8.5% and new listings increased by less than 1%.

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Will laneway suites across the entire city improve housing affordability? Image

Will laneway suites across the entire city improve housing affordability?

It’s possible that there will soon be more laneway suites in Toronto in the near future as the Planning and Housing Committee recently endorsed a plan to support this type of residential development across the city. 

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Why I like the Sidewalk Toronto housing strategy Image

Why I like the Sidewalk Toronto housing strategy

The long weekend is behind us and I finally had a chance to sit down with Sidewalk Labs’ Master Plan for Sidewalk Toronto. All other controversies aside, I’m excited about the housing strategy. 

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Canadian housing affordability showing improvement, except in Toronto and Vancouver Image

Canadian housing affordability showing improvement, except in Toronto and Vancouver

On a national level, Canadian housing is becoming more affordable, but things aren’t looking good for buyers in the country’s most expensive markets, Toronto and Vancouver.

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Could the FTHBI even be used in Toronto? INFOGRAPHIC Image

Could the FTHBI even be used in Toronto? INFOGRAPHIC

The First-Time Home Buyers Incentive, a new national mortgage-equity sharing program, has been the subject of sharp scrutiny since it was first announced by the federal government in March.

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Average price of a new condo in the GTA nears $780,000 Image

Average price of a new condo in the GTA nears $780,000

In May 2019, there were 4,794 new home sales in the Greater Toronto Area, according to Altus Group, the Building Industry and Land Development Association’s trusted source for new home market intelligence.

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Toronto homebuyers blame population growth for soaring housing prices Image

Toronto homebuyers blame population growth for soaring housing prices

Housing prices are considered high in the Greater Toronto Area, and many of the professionals in the industry blame the lack of supply. Turns out that’s not how homebuyers see it. 

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Generation Z will soon have the most purchasing power Image

Generation Z will soon have the most purchasing power

It looks like millennials have officially taken over the City of Toronto, but they won’t hold their top position long as Generation Z is on the rise. 

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