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Outdated zoning bylaws, deferrals on permit approvals, amplified development charges, and land-use restrictions in Southern Ontario’s Greenbelt, have added nearly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 […]
Toronto Home Sales for the Month of April: Lowest Recorded in 15 Years
While the housing market may appear to be stabilizing itself, when compared to the whirlwind number of sales and steep pricing last year, the latest Market Figures report released by the Toronto Real Estate Board (TREB) shows April home sales are at its lowest level in 15 years. Typically, April tends to be a big month for the […]
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 […]
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 […]
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 […]
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 […]