Is The Housing Market Still One Of The Biggest Vulnerabilities To Our Economy?

The Bank of Canada released its Financial System Review last week, and while instability in the housing market, alongside high household debt, remains to be one of the biggest vulnerabilities to Canada’s economy, there may be subtle signs of easing. Government interventions, such as higher interest rates and tighter mortgage lending guidelines, have played a […]

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Outdated zoning bylaws, deferrals on permit approvals, amplified development charges, and land-use restrictions in Southern Ontario’s Greenbelt, have added nearly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 […]