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 […]
City
Toronto’s Housing Market to Look Up This Spring
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 […]
New Developments
The Need for More Missing Middle Housing
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 […]
City
Public Outcry Against Proposed Daycare in Cabbagetown
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 […]
City
Toronto Home Sales for Month of March Looking Grim – Down 40%
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 […]
Announcements
Recent Poll: Despite The Intent To Buy A Home, Many Canadians Are Struggling To Come Up With The Money
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 […]
Announcements
Luxury Home Sales Will See Increased Activity Throughout the Year
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 […]
City
TREB: Provincial Parties Must Engage in Housing Policy Debate
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 […]
Announcements
Woodbridge Lane in Vaughan Will Offer Affordable Housing In 2019
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 […]
Announcements
Is Canada’s Housing Market Contributing to a Potential Banking Crisis?
On Sunday, The Bank of International Settlements (BIS) published their quarterly review of central banks, noting Canada is among the top three economies in the world most at risk of a banking crisis. The 196-page report from the Swiss-based organization outlines an assessment of various banking indicators; observing potential signs that can lead to stress […]
Announcements
Bank of Canada Keeps Interest Rates at 1.25%
On Wednesday, the Bank of Canada (BOC) announced they will keep key interest rates unchanged at 1.25 per cent. Since June 2017, the BOC has raised its rates three times (including their latest hike in January), in return, forcing up the rates commercial banks charge on mortgages, lines of credit, and other consumer loans. The […]