Home prices across the country have increased, especially in popular urban areas such as Toronto and Vancouver. Many Canadians have felt they have either been completely priced out of the market, or have to settle for a home vastly cheaper than their dream home. It seems many prospective homebuyers are becoming fed up with the […]
Demand continues to outpace housing supply across Canada, as national vacancy rates drop for the second year in a row. According to Canada Mortgage and Housing Corporation’s (CMHC) Rental Market Survey report released last Wednesday, the vacancy rate across the country was 2.4 per cent, down from 3 per cent last year. The drop, reads […]
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 […]
Despite little fluctuation month-over-month by home sales across the Greater Toronto Area (GTA), sales within the condo and semi-detached market over the past year drove up overall prices in October. According to the latest Market Report by Toronto Real Estate Board (TREB), the average selling price was $807,340 in October, up 3.5 per cent from […]
Unlike the luxury home market, the luxury condo market is beginning to see surging sales, as Baby Boomers begin to downsize and Millennials look to upgrade to more lavish condos. According to a recent report by RE/MAX, the sale of luxury detached homes (priced from $1 million to $2 million) in Toronto and Vancouver fell […]
Home sales and selling prices across the Greater Toronto Area (GTA) saw a modest increase in September, according to the last Market Figures report released by the Toronto Real Estate Board (TREB). Home sales climbed 1.9 per cent, while the average selling price increased by 2.9 per cent (to $796,786 from $774,489) when compared to […]
Following months of slow sales during the first half of the year, sales throughout the GTA are beginning to pick up. According to the latest Market Figures by the Toronto Real Estate Board (TREB), there were 6,839 reported sales in August 2018, an 8.5 per cent increase when compared to the same time last year. […]
If you’re living in the Greater Toronto Area (GTA) and are concerned with housing costs and are debating leaving the city because of it – you’re not alone. According to a new study released at the beginning of the week by Angus Reid Institute, over half of GTA residents are worried about housing affordability, a […]
Canada’s population is exceeding major growth milestones fast. According to a recent analysis released last week by Bank of Montreal (BMO) economists Doug Porter and Robert Kavcic, Canada’s population has surpassed the 37 million mark, in just the second quarter of this year. This growth has been the fastest the country has seen since 1991 […]
While Toronto’s housing market has inevitably shown signs of cooling, the city’s housing segment is continuing to face a high degree of vulnerability to market instability. According to a recent Housing Market Assessment (HMA) released by the Canadian Mortgage and Housing Corporation (CMHC), two of Canada’s largest housing markets, Toronto and Vancouver, are susceptible to […]
