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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
The results are in, and after years of back and forth, Toronto has finally tied Vancouver as the most expensive city to live in Canada. According to Mercer’s 24th Annual Cost of Living Survey, released Tuesday, Toronto jumped ten spots on the chart (to 109) and is now equally as expensive to live in as […]
Toronto’s condominium sector is becoming the leading market for new home buyers, and as a result is forcing prices to jump to 25 per cent to $758,370. According to a recent report by the Building Industry and Land Development Association (BILD), the reason for the increase in prices within the condo sector is due to […]
The provincial election is one day away and according to a recent poll done by Ipsos, a majority of voters across the Greater Toronto Area (GTA) want the next elected party to put focus on housing policies that will increase supply and reduce demand in the region as well as decreasing provincial and municipal land […]
