The Best of All Things in 2014
With both Christmas Day and New Year’s Day falling on our usual newsletter day, this marks my last column of 2013. It’s been an exciting year, and unlike a couple of years ago when the excitement all came from the market, a lot of the excitement in the
Rental Vacancy Rates Increase in Canada
Canada Mortgage and Housing Corporation (CMHC) released its fall Rental Market Survey recently, which reports increases in Canada’s rental vacancy. Out of 35 major urban centres in Canada, the vacancy rate increased to 2.7% in October 2013, a tiny
Trimart: March Numbers Keep Rolling In
The first quarter of 2013 showed excellent results for homebuilders in the Greater Toronto Area. Trimart is reporting that a select group of builders are responsible for over 61 percent of the sales. Mattamy Homes leads that list with 545 sales, followed
The Mercer Climbing Fast in Toronto
Recently, Newinhomes.com had the opportunity to take a construction tour of The Mercer, a new condo in Toronto’s Entertainment District by Graywood Developments and Beaverhall Homes.The last time we visited The Mercer, in June 2013, the construction crew
Mitchell Cohen Receives Honorary Doctorate from Ryerson University
(L –R) Ryerson University President Sheldon Levy; Mitchell Cohen, President of The Daniels Corporation;Ryerson University Chancellor Lawrence Bloomberg. Photo: Clifton LiAt Ryerson University’s Fall 2013 Convocation, President of The Daniels Corporation
Average First-Time Buyers’ Budgets Increase to $316,100
The Bank of Montreal (BMO) released its First-Time Home Buyers Report, announcing that the average first-time buyer has increased their average budget to $316,100 (compared to $300,000 in 2013).While the average budget has jumped over $16,000, the
Trimart: New Low-Rise Sector on Track
According to Trimart Research Corporation, there have been 11,716 new low-rise sales in the Total Market Area (TMA) as of the end of August 2013. This is 65% of Trimart’s annual forecast. Although August’s number of sales (1,187) seems kind of low, it is
Urbanation’s Review of the Condo Market’s First Quarter
Urbanation, the leading source of high-rise condominium stats, released their look at the first quarter of 2013.The results were not surprising. A total of 2,728 new market condominiums were sold in the first quarter, which is the lowest number of sales
RealNet and BILD: Strategic Review of GTA’s 2103 New Home Market
Recently, RealNet Canada and the Building Industry and Land Development Association (BILD) released a strategic review of the Greater Toronto Area’s (GTA) 2013 new home market.“In a market where the supply of new homes must precede sales, a lack of
Trimart: All Signs Point to a Successful Summer for Low-Rise
With a strong first quarter and a great start to the second quarter, the new low-rise housing market is in store for a successful summer, says Trimart Research Corporation. There were 22 new site openings in April, which is 140% more than in April 2013.
