GTA May Home Sales Plunge Again – 22%

On Monday, The Toronto Real Estate Board (TREB) released its Monthly Market Figures for the month of May, and home sales across the Greater Toronto Area are down, once again, when compared to the same time last year. According to the report, the number of home sales for May was 7,834 units, a 22.2 per […]

Millennials Are Opting Out Of Condos And Looking For More Spacious Homes. The Issue: The Lack of (Affordable) Supply

Millennials are outnumbering Baby Boomers and are quickly becoming the fastest growing cohort in the Greater Toronto and Hamilton Area (GTHA). As the growth of this generation continues, so does the demand for housing.  According to a new study released last week by Ryerson University’s Centre for Urban Research and Land Development, 500,000 Millennials will […]

Excessive Regulations And Barriers To Development Are Costing Canadian Home Buyers An Extra $200,000: New Study

Outdated zoning bylaws, deferrals on permit approvals, amplified development charges, and land-use restrictions in Southern Ontario’s Greenbelt, have added nearly $168,000 to single-detached homes in the Greater Toronto Area (GTA), and $644,000 in Vancouver – the two (already) priciest cities in Canada. According to a new study released last week by C.D. Howe Institute, government […]

Luxury Condo Prices Outperform Luxury Detached Homes

Amidst government interventions, rising mortgage rates, and declining sales activity within the Greater Toronto Area (GTA), luxury condo prices have remained comparatively resilient. According to new figures released last week by Royal LePage, luxury condo prices outpaced luxury detached homes in the GTA over the first four months of the year, with average prices rising […]

Public Outcry Against Proposed Daycare in Cabbagetown

Cabbagetown residents are, yet again, against another proposed development in their community, except this time the uproar is about a daycare- yes, you read correctly…a daycare. The neighbourhood, located in Central Toronto, is encircled by historic Victorian-era multi-unit houses, one of which developers would like to convert into a daycare space for children. The proposed […]