Hoping 2019 will bring lower home prices? Well, turns out there is a projected increase in housing prices according to a new report. RE/MAX released their latest Housing Market Outlook Report, and home prices are forecasted to climb 1.7 per cent in 2019 nationwide, and 2 per cent in Toronto. The increase is seen as […]
Home prices across the Greater Toronto Area (GTA) continue to increase, but sales and new home listings have fallen dramatically last month. The Toronto Real Estate Board (TREB) released its Market Figures Report for the month of November, and while the average selling price of a home was up 3.5 per cent (to $788,345), home […]
Lack of supply, increase demand, population surges, and skyrocketing home prices proves that Toronto’s housing market has been through loops over the past few years and according to a new study, growth policies implemented by the former provincial government may be the culprit. The Building Industry and Land Development Association (BILD) in conjunction with Malone […]
If you’re looking to buy a home and are completely priced out of the downtown Toronto core, you’re probably taking a gander at properties located in the outskirts – somewhere in a more affordable area where the sale of a home won’t burn a hole in your wallet. Turns out, suburban areas may not be […]
A new report released last week by Sotheby’s International Realty Canada and Mustel Group has revealed that 83 per cent of young, urban home buyers prefer to own and live in a single detached home rather than any other type of housing – if price wasn’t an issue. Contrary to popular belief, only 5 per […]
Despite decelerating home prices, Canada’s housing market is still considered “highly vulnerable” according to a recent Housing Market Assessment (HMA) by Canada Mortgage and Housing Corporation (CMHC). The HMA, which measures four main factors that contribute to housing market volatility (overheating, price acceleration, overvaluation, and overbuilding), has continued to indicate a high degree of vulnerability […]
Looking for an affordable condo for rent in Toronto? Well, you’ll need to keep looking because the cost of renting a condo in the city just reached an all-time high. According to a recent report from Urbanation Inc., the average monthly rent for a condo increased 7.6 per cent in the third quarter to $2,385 […]
A new Ipsos poll has revealed that the majority of GTA residents believe it is important to build new housing types in the GTA to address housing affordability in the area. However, nearly half of respondents state they oppose of building a new development in their neighbourhood. The poll, released by The Building Industry and […]
The election is approaching and a new poll has determined that the biggest concern among GTA residents is…drumroll please…housing affordability. According to a recent poll done by the Building Industry and Land Development Association (BILD) and the Toronto Real Estate Board (TREB), nearly 40 per cent of residents listed the cost of housing as one […]
While condos in Toronto may be amongst the more affordable housing types, prices are beginning to appreciate – and quite dramatically in some areas. A recent report by Zoocasa calculated the average condo prices in 95 of Toronto’s neighbourhoods. The study found that two-bedroom condo units have appreciated by 7 per cent and one-bedroom units […]
