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
Toronto Still Tops in Tall Buildings
Toronto remains No. 1 in the highrise game, according to German construction data firm Emporis, which says we’ve got 130 highrise projects under construction. New York is second with 91, and Montreal third in North America with 25. Toronto has been in
Prices High, Council Ugly
We said goodbye to 2013 with record-high home prices. Driving up the national average were Edmonton, Vancouver, and the Big Smoke itself, says the Teranet-National Bank house price index. The 0.1% rise in home prices in December made a wash with the 0.1%
CMHC Housing Starts for December 2013
The Canada Mortgage and Housing Corporation (CMHC) released its first report of 2014, focusing on December 2013 housing starts.Last December, Canadian housing starts were trending at 195,760 units, compared to 196,430 in November. This is a six-month
Trimart: Successful 2013 for New Low-Rise Market
According to Trimart Research Corporation’s most recent report, total new low-rise sales in the Greater Toronto Area for 2013 exceeded 2012’s total. In the West Region, Brampton and Oakville were the top selling cities. In the north, Barrie and Kleinburg
What Does the Future Hold?
It’s hard to find yourself in a new year without wanting to peer ahead and consider what the future may bring. In Toronto, it seems certain to bring higher-still house prices.Demand doesn’t ever seem to wane, and Toronto is just getting more and more
2013 Resale Housing Market Figures Higher than Expected!
Recently, Toronto Real Estate Board (TREB) published a release about December’s resale housing market figures and 2013 as a whole.2013 resale transactionsAccording to TREB, Greater Toronto Area Realtors reported 4,078 residential transactions through the
Housing Sales and Prices Expected to Rise Across Canada in 2014
The Canadian Real Estate Association (CREA) recently updated its forecast for Canada’s 2014 home sales, predicting sales and prices will rise compared to 2013.Which province will have the most home sales?For the sixth consecutive year, annual sales in
What does 2014 Hold for Toronto’s Condo Market?
According to a recent article in the Toronto Star by Susan Pigg, Toronto’s condo market is in for another interesting year. Simply put, closings will be high, sales will be low.Are you ready for closing costs?According to RealNet, $25 billion worth of
Detached Home Prices to Rise in 2014
George Carras, President of RealNet Canada, is predicting that pricing for detached homes in the Greater Toronto Area (GTA) will only get higher throughout 2014.The GTA is made up of four regions; Halton, Durham, York, and Peel. Let’s see what prices are
