While the housing market may appear to be stabilizing itself, when compared to the whirlwind number of sales and steep pricing last year, the latest Market Figures report released by the Toronto Real Estate Board (TREB) shows April home sales are at its lowest level in 15 years. Typically, April tends to be a big month for the […]
Last week, three of the five largest banks in Canada, TD Bank, CIBC, and RBC, raised their benchmark rates for five-year fixed mortgage rates, igniting concern amongst homebuyers and homeowners. TD Bank began the rippling effect of rising interest rates last Wednesday, increasing its five-year fixed rate 45 points, from 5.14% to 5.59% – not […]
Since January, home sales across the Greater Toronto Area (GTA) have been tumbling when compared to the same time last year. Economists, however, are hopeful that come Spring, the market will adjust and bounce back. When comparing year-over-year, sales these past few months in the GTA have plummeted 30 per cent or more, with average […]
When trying to find a place downtown Toronto we stumble upon a lot of one-to-two bedroom condos in sky-high towers. When looking for a place in the suburbs, we find many single detached family homes. What the city lacks are ground-centered housing types like small apartment blocks, multiplexes, stacked townhomes, and courtyard apartments – also […]
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 […]
Last Wednesday, The Toronto Real Estate Board released its market figures for the month of March, and the findings are not looking too hot for Toronto’s housing market. The report, which displays home sales and prices across the Greater Toronto Area (GTA), shows a steep decline with residential sales dropping nearly 40 per cent, while […]
Sales volumes may have been down these past few months, but the intent to buy a home across the country has significantly increased. According to a recent poll done by RBC Homeownership, one-third of Canadians are likely to buy a home in the next two years. This number, up from seven percentage points from last […]
Luxury home sales in Oakville, Burlington, Hamilton, and across Greater Toronto Area (GTA) saw a steep decline these past two months, but according to RE/MAX there is no need for concern, because this segment is intended to see plenty of activity throughout the mid-to-back end of the year. According the 2018 RE/MAX Luxury report released […]
The Toronto Real Estate Board (TREB) called out all three major provincial parties, urging them to engage in a constructive and vigorous housing policy debate before the upcoming election in June. With issues in the housing rental and ownership markets dominating headlines in the Greater Toronto Area and Greater Golden Horseshoe Area (GGHA) over the […]
Politicians from all three levels of government announced last Tuesday they will be investing over $45 million to create 75 affordable housing units in Vaughan. Woodbridge Lane, scheduled for completion in 2019, will feature 162 units for families, individuals, and seniors, including 75 units funded by the Investment in Affordable Housing (IAH). The complex will […]
