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 […]
Announcements
87 Per Cent of Toronto Residents Want Additional Housing…But Not in Their Backyard
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 […]
Announcements
Housing Affordability Among Top Concerns for GTA Residents: New Poll
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 […]
Announcements
Condo Prices in Toronto Are Rising Significantly
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 […]
City
TREB: GTA Home Sales for The Month of August 2018 Up 8.5%
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. […]
Announcements
Gen Z’s are Eager to Buy Homes…and soon!
With all the focus on Millennials entering the market, we’ve slightly turned an eye to the next largest group looking to purchase a home. A group that will soon outnumber Millennials within a year…Gen Z. Looks like the tide-pod-eating days are over, and this generation is all grown up. According to a new survey conducted […]
City
Housing Affordability and Transit Among Top Two Major Pains For GTA Residents: New Poll
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 […]
Announcements
The Supreme Court of Canada Denies TREB’s Appeal
Home sales data will become readily available following an appeal dismissal made by the Supreme Court of Canada against the Toronto Real Estate Board (TREB). TREB has been in a seven-year battle with the Competition Bureau, fighting to keep real estate figures solely in the hands of real estate agents. The ruling, in favour of […]
City
Canada’s Population Is Growing: What This Means For The Housing Market
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 […]
Announcements
Millennials Make Room…Baby Boomers Are Entering The Housing Market
Move over millennials – you may have some competition. If you think purchasing a home is challenging now – just wait – because the market is about to become a tad more crowded. According to a recent survey done by Royal LePage, over 1.4 million Canadians, between the ages of 54 and 72, are expected […]
Announcements
July Home Sales Up 18.6%
Home sales across the Greater Toronto Area (GTA) have climbed nearly 20 per cent in July, proving buyers are returning to the market following months of declining sales. According to the latest Market Figures report by the Toronto Real Estate Board (TREB), 6,961 homes were sold across the GTA last month, an 18.6 per cent […]