The housing market is about to go through some big changes Image

The housing market is about to go through some big changes

It’s been an interesting couple of weeks - details of Ontario’s Housing Supply Action Plan were released, debate over the mortgage stress test continued, and sales activity started to heat up. 

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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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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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Is Toronto at risk of a brain drain to Montreal? Image

Is Toronto at risk of a brain drain to Montreal?

As millennials continue to be priced out of many urban housing markets across the Greater Toronto Area, Montreal is becoming an affordable haven for younger buyers, but the wide selection and relatively low prices won’t last forever. 

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See what first-time buyers expect to pay for their first home Image

See what first-time buyers expect to pay for their first home

As home prices continue to rise in Ontario, first-time buyers are getting slightly less optimistic and are seeking out larger financial gifts from friends and family, according to recent survey results. 

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New single-family home sales bouncing back in the Greater Toronto Area Image

New single-family home sales bouncing back in the Greater Toronto Area

The Building Industry and Land Development Association released its new home sales figures for March 2019, reporting that new single-family home sales in the Greater Toronto Area increased once again. 

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The difficulty in building more affordable housing Image

The difficulty in building more affordable housing

A recent Real Estate New EXchange article caught my eye and reminded me of the Inclusionary Zoning regulation that will soon be discussed at Toronto City Council.

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Toronto is the 12th least affordable housing market in the world Image

Toronto is the 12th least affordable housing market in the world

Earlier this year, Toronto was listed as one of the top 10 least affordable housing markets in the world. A new report suggests that Toronto is becoming a slightly more affordable place to buy a home. 

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Toronto real estate is about more than supply and demand Image

Toronto real estate is about more than supply and demand

The provincial Budget was tabled last week. I was hoping for more details on the Housing Supply Action Plan, but we were simply reminded again that the Plan is in the works and will somehow increase housing supply in Ontario.  

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