GTA Price Gap Widens to Record High in April!
The Building Industry and Land Development Association (BILD) released its April 2015 new home stats, announcing a record-high price gap, tripling the figure from a decade ago.In 2005, the price gap was just $101,936. With the average price of a new
New detached home sales strong despite rising prices
About a month ago, the Building Industry and Land Development Association (BILD) announced that there was less than one month of supply of new detached homes in the Greater Toronto Area (GTA). Also, the average price of a new detached home remained well
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 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 Does 2015 Hold for the GTA’s New Home Market?
Welcome to 2015! Last year was very exciting for the new home industry; low-rise homes saw record highs for average pricing and the condo market saw record high sales. Builders and developers focused more on targeting first-time homebuyers and end-users,
5 questions move-up buyers need to ask themselves
With the rising price of housing in the Greater Toronto Area (GTA) and surrounding areas and the recent mortgage rule changes, first-time buyers aren’t the only ones struggling. The average price of a new low-rise home in the GTA is nearly $1 million, so
Is January the best time to buy a home?
Were you among the savvy purchasers who got onto the real estate ladder yesterday? The Toronto Real Estate firm TheRedPin says January 17th is the single best day to buy a home in Toronto, with buyers saving an average of $60,000 and experiencing fewer
TREB Reports Best May Ever for Resale Market
The Toronto Real Estate Board (TREB) is reporting that sales and average prices for the Greater Toronto Area’s (GTA) resale market showed strong increases in May 2014.There were 11,079 sales reported through the TorontoMLS system last month, making it
Affinity East in Burlington is now open!
We just received news from Rosehaven Homes that Affinity West in Burlington is now over 90% sold! Luckily for you, there is still a great selection of suites at the boutique condo, Affinity East. As the average price of a new condo in the Greater
Find out why this real estate agent welcomes the slowdown
I entered the industry at an interesting time. Average prices were hitting record highs, resale and new home supply were at all-time lows, and people were still buying like crazy. As a new agent, it was overwhelming, which is why I’m welcoming a cooler
