YTD2013 New Home Sales NOT the Lowest
One of RealNet’s most recent blog posts announced that the Greater Toronto Area's YTD2013 will NOT have the lowest total new home sales ever recorded by them.RealNet has been gathering new home statistics since 2000, and has become the Building Industry
BILD: November New Home Market Results
The Building Industry and Land Development Association (BILD) announced an increase in new-home sales for November 2013, but year-to-date (YTD) figures are still coming in at record lows, according to RealNet Canada’s findings. New-homes sales were up 4%
CMHC Releases Canadian Housing Observer 2013
The Canada Mortgage and Housing Corporation (CMHC) released the 11th edition of their annual Canadian Housing Observer. This year’s report has a special feature on the country’s exciting condominium market.“Condos (called strata in BC) include a variety
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
Who’s Living Where and Why?
By Penny MunozAre new home buyers being forced out of the city? A recent RBC-Pembina report indicates that the strong demand for detached and semi-detached homes in preferred GTA neighbourhoods is driving up the cost of homes, forcing many homebuyers to
Home Buying Tax Proposal Poses Danger for First-Time Buyers
By Penny MunozIn a press release earlier this week, the Toronto Real Estate Board (TREB) expressed its concern about a potential proposal that would have first-time home buyers in Toronto paying more than they already do in Home Buying Tax (Land Transfer
CMHC Housing Starts for November 2013
The Canada Mortgage and Housing Corporation (CMHC) recently released its report on November 2013’s housing starts statistics.According to CMHC, housing starts in Canada were trending at 194,014 units in November. This is a six-month moving average of
What Kind of Industry are we BILDing?
With a strong housing market and low interest rates accounting for much of Ontario’s growth — if not its entire economy — it pays to protect the industry, and that means protecting consumers. Most builders recognize that for them to win, consumers have
TREB: November 2013 Resale Report
The Toronto Real Estate Board (TREB) recently released their Market Watch report for November 2013.Greater Toronto Area (GTA) Realtors reported 6,391 residential sales through the TorontoMLS system in November 2013, a 13.9% increase compared to November
Is Hamilton’s Art Scene Increasing Real Estate Value?
Image courtesy Banko MediaWhen you think about hot art districts in Canada, a lot of long-admired neighbourhoods come to mind. From Vancouver’s Granville Island to Toronto’s Queen West, out to the maritime styles in Fredericton, there’s a unique flavour
