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September 2020 - Posts

Canadian immigration rebounds
Population growth — so, immigration — is a crucial demand driver for the real estate industry, and for the growth of the overall Canadian economy. Last year, Canadian immigration averaged about 28,400 people per month, according to a recent Read More...
What's your home worth?
Hotter than the weather in August!!! Here's a glimpse of Toronto's record breaking market. Read More...
Home price increases: A temporary shock for Canadian buyers?
The Canadian real estate market is recovering much faster than anyone predicted. The average price of a Canadian resale home in June was $539,000, up from 6.5% the year before, according to the Canadian Real Estate Association. Home sales in June rebounded Read More...
W-shaped condo tower proposed for Bayview and Finch
A series of commercial lots located east of Bayview and Finch avenues could be the future site of a 12-storey W-shaped condo development. Last week, a Zoning Bylaw Amendment application was submitted to Toronto city planners to construct the angular condominium Read More...
10 Toronto suburbs saw home prices increase over 20% in August
Price growth in the Toronto region lost some steam last month compared to July, but there were still plenty of substantial price gains seen across the city’s suburban markets. According to the latest data from the Toronto Regional Real Estate Board, Read More...
Five reasons Canadians have little reason to fear a housing crash
Whether they take place during a pandemic-fuelled recession or during a period of sustained economic expansion, record-shattering home sales in Canada always seem to be accompanied by the same phenomenon: talk of the country’s “inevitable” Read More...
Detached home prices reach all-time high in Mississauga
When the COVID-19 pandemic and associated lockdown hit Ontario, some suggested the GTA's white-hot housing market was going to take a hit. Six months into the crisis, house prices in Mississauga and surrounding cities are up year-over-year, with the Read More...
New home prices to stay strong this fall despite pandemic uncertainty
Since late March, Canada’s real estate industry has seen extreme lows and highs in the span of just a few months. Now, as the market prepares to enter another typically busy season, it’s difficult to pinpoint what new construction home developers, Read More...
CREA: Five Canadian cities where condo prices peaked in July
Only five urban markets nationwide saw their condo values reach new heights in July, according to the Canadian Real Estate Association. The strongest performer was Ottawa, with its 22% annual increase to a new peak of $369,200. Oakville posted the highest Read More...
Toronto’s new condo market breaks sales launch record for July
The summer months are typically a quieter time for Toronto’s new condo market, with project launches concentrated in the spring and fall months. But when there’s no spring launch season to speak of thanks to a global pandemic, it turns out Read More...
Toronto home sales post best-ever total for August
The Toronto region recorded another month of over 10,000 home sales as buyers seeking low-rise properties made their move before the end of summer. A total of 10,775 properties changed hands last month, up over 40 percent compared to August 2019, according Read More...
Multi-family developments will lead Ontario construction rebound in 2021: Central 1
Restrictions were lifted on the province’s new home construction sites by mid-May, but with groundbreakings pushed back and project timelines stretched, Ontario is still set to see an overall decline in housing starts this year. That’s according Read More...
Sales of New Single-Family Homes in GTA Up 187% From July 2019
If one thing’s for certain, July was a scorcher in the Greater Toronto Area (GTA), and no, we’re not just referring to the weather. The new home market also experienced the strongest July for new home sales since 2007, as a total of 3,544 Read More...