Canada needs to build 50 per cent more homes as Ottawa plans for higher immigration levels: report
2/14/2023 | Posted in Canada Living by Jessi Sandhu
As Canada prepares to ramp up immigration levels, a new report says the country will need to build 50 per cent more housing than what's already being planned. ...
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Zonda Urban estimates at least 25,000 new condo units for the GTHA in 2023
1/31/2023 | Posted in Condo Market by Jessi Sandhu
Multi-family housing sales in the GTHA continued its downward trend through the back half of 2022, with condo, townhouse and apartment sales levels all declining over 50 per cent ...
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Balconies, prices and launches - oh my! Condo predictions for 2023
1/4/2023 | Posted in GTA Condo Market by Jessi Sandhu
Price corrections, launch delays and changing expectations are marking the first quarter of this year, and developers may want to get rid of balconies to save costs this year. ...
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New home market very slow in September, inventory rose
10/24/2022 | Posted in New Developments by Jessi Sandhu
The GTA new home market was very slow in September, with overall sales well below the 10-year average and inventories low, but rising slightly, the Building Industry and Land ...
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New construction home buyers vanish as interest rates rise
9/28/2022 | Posted in New Developments by Jessi Sandhu
Sales levels of condos and single-family homes were more than 80 per cent lower than last August, says the homebuilders’ association. ...
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Toronto new condo sales decline 19%, prices rise: Urbanation
8/2/2022 | Posted in Toronto Real Estate by Jessi Sandhu
Sales of new condominiums in the greater Toronto area declined by 19 per cent sequentially in the second quarter of this year, while the average price per square foot reached a ...
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Toronto developers expected to delay 10,000 units as slowdown hits condo presales
8/2/2022 | Posted in Toronto Real Estate by Jessi Sandhu
There are signs that the broader real estate slowdown has spread to the preconstruction market, where purchases are seen as bets on future housing because buyers wait years for ...
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GTA New Condo Sales Reach Record High in Q1
5/4/2022 | Posted in GTA Real Estate by Jessi Sandhu
Greater Toronto Area (GTA) new condominium sales reached their highest Q1 on record with 8,253 units sold, rising 55% year-over-year and exceeding the 10-year average (5,154 ...
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Condo boom puts Toronto atop Crane Index ... again
4/13/2020 | Posted in Commercial Real Estate by Jessi Sandhu
The booming Greater Toronto Area has again taken top spot on the North American Crane Index, with the region hosting an astounding 27 per cent of the cranes counted in 14 of the ...
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Canadian housing starts unchanged in January
2/10/2020 | Posted in Canadian Housing Market by Jessi Sandhu
The national trend in housing starts essentially held steady in January. ...
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Canadian housing starts trended lower in December
1/10/2020 | Posted in Canadian Housing Market by Jessi Sandhu
There was a decline in the 6-month moving trend in Canadian housing starts in December. ...
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GTA new homes market busier than normal: BILD
1/7/2020 | Posted in New Developments by Jessi Sandhu
There was strong demand for newly built homes in the Greater Toronto Area in November, the latest month of data released by Altus Group. ...
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Five Things Every New Condo Buyer Should Know
1/3/2020 | Posted in Home Buyers by Jessi Sandhu
Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer. ...
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No signs of overheating in the GTA's new home market
11/5/2019 | Posted in New Developments by Jessi Sandhu
New single-family home sales in the Greater Toronto Area increase a whopping 283% ...
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Canadian Housing Starts Jump To Highest Level Since 2007
7/11/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Canadian housing starts trended higher in June, primarily due to higher trending row and apartment starts, in urban areas. ...
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New GTA home sales jumped 94% in May compared to a year earlier
6/27/2019 | Posted in New Developments by Jessi Sandhu
There was strong activity in the Greater Toronto Area’s new homes market in May: 4,794 new homes were sold in the month, up 94% from ...
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GTA new home sales jumped 123% in April
6/6/2019 | Posted in GTA Real Estate by Jessi Sandhu
There was some better news for the new homes market in the Greater Toronto Area in April as sales jumped 123% year-over-year. ...
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GTA Condo Construction Hits Record High in Q1 2019
5/3/2019 | Posted in GTA Real Estate by Jessi Sandhu
A report issued yesterday by market analysis experts Urbanation shows a continued decline in Greater Toronto Area (GTA) new development launches and sales, occurring at the same ...
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Last-minute amendment saves construction industry
4/22/2019 | Posted in Toronto Real Estate by Jessi Sandhu
Toronto’s construction industry may have just averted a calamity. ...
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1 in 10 new Toronto condos are owned by non-Canadian residents
4/16/2019 | Posted in Toronto Real Estate by Jessi Sandhu
A staggering new analysis of foreign-owned residential properties in Canada reveals that at least 10 per cent of all condos built in Toronto between 2016 and ...
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GTA sees new home sales begin on a good note this year
2/27/2019 | Posted in GTA Real Estate by Jessi Sandhu
BILD announced earlier this week that GTA new home sales volume increased by 14% annually in January, reaching 1,362 transactions. ...
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New condo sales in the GTA have slipped back to average levels
2/4/2019 | Posted in GTA Real Estate by Jessi Sandhu
Sales of newly-built condos in the Greater Toronto Area fell back to more normal levels in 2018 following the stellar performance of the previous year. ...
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'No more detached homes for you' economist tells Canada
1/17/2019 | Posted in Canadian Housing Market by Jessi Sandhu
In the not so distant past, Canadian contractors were building more single-family homes than multi-family homes, such as condo apartments. ...
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GTA new home sales post best month of 2018 so far
11/28/2018 | Posted in GTA Real Estate by Jessi Sandhu
October brought some positives for the new homes market in the Greater Toronto Area with sales and openings gaining. ...
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Condo affordability propels market share (and price) to peak levels in the GTA in 2018
11/14/2018 | Posted in GTA Real Estate by Jessi Sandhu
Condo affordability is fuelling the rise of vertical growth, with resale condominium apartments and townhomes in the Greater Toronto Area (GTA) now representing almost 37 per cent ...
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Annual pace of housing starts picked up in October, topping economists' expectations
11/13/2018 | Posted in New Developments by Jessi Sandhu
The increase came as the annual pace of urban starts climbed by 8.6 per cent in October to 191,964 units. ...
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New GTA condo prices up 11% despite increased supply
11/1/2018 | Posted in GTA Real Estate by Jessi Sandhu
Condo prices continue to rise in the Greater Toronto Area even as new supply eases inventory pressures. ...
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GTA new home sales jumped in September
10/28/2018 | Posted in GTA Real Estate by Jessi Sandhu
There was an improvement in sales of newly-built homes in the Greater Toronto Area last month. ...
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Condos remain dominant in GTA new homes market
7/30/2018 | Posted in GTA Real Estate by Jessi Sandhu
The GTA new homes market is still all about condos even as prices rise while single-family home prices ease. ...
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Strong returns for condo investors in tight GTA market
7/13/2018 | Posted in GTA Real Estate by Jessi Sandhu
Condo investors in the Greater Toronto Area are seeing strong gains in rents according to a new report. ...
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