The Greater Toronto Area’s detached home market is making a comeback!
For the longest time, detached homes were the most popular housing type. Even when prices were skyrocketing, detached home sales in the resale market were still higher than townhomes and semis.
Am I contributing to the housing supply shortage by not downsizing?
Will aging baby boomers really prevent millennials from moving up and buying single-family homes in Toronto? A new report from the Canada Mortgage and Housing Corporation suggests this will happen.
Canadian housing market comes in for a soft landing as prices continue to rise
While talk of a Canadian housing bubble was creeping back into some headlines, the market actually came in for a soft landing, according to a recent report from BMO Capital Markets.
Canadian housing starts trend upwards as construction slows in Toronto
Canadian housing starts trended at 208,970 units in July 2019, compared to 205,765 in June. The trend is a six month moving average of seasonally adjusted annual rates (SAAR).
Q&A with R. Scott Davie sheds light on the housing affordability crisis
We are in the middle of a housing affordability crisis. If price growth continues to outpace income growth, younger generations will have an extremely difficult time buying a home.
8 postdoctoral fellows receive funding to expand housing research in Canada
In an effort to spur innovation with regards to housing development in Canada, the federal government has announced funding for eight postdoctoral fellows.
Pent up demand supporting strong price growth in resale housing market
The Greater Toronto Area resale housing market had a strong spring, and summer started off strong, too. Based on the latest market figures from the Toronto Real Estate Board, summer is still hot!
You can expect condo sales in downtown Toronto to spike again
A recent report found that condo buyers are extending their home search to the outskirts of the Greater Toronto Area, likely in search of relatively affordable prices and more square footage for their dollar. I don’t think this trend will last long.
Canadian housing market maintains moderate degree of vulnerability
It looks like Canada’s housing market is finally balancing out, according to the latest Housing Market Assessment from the Canada Mortgage and Housing Corporation.
Condo buyers are heading to the outskirts of the Greater Toronto Area
Urbanation released its condo market results for the second quarter of 2019, reporting that there were 8,902 condo sales in the GTA, which is an increase of 77% year-over-year.
