September 2020 - Posts
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...
Hotter than the weather in August!!! Here's a glimpse of Toronto's record breaking market.
Read More...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...