Canada Building Permits Surge in July, Far Exceeding Expectations
9/13/2024 | Posted in New Developments by Jessi Sandhu
The total value of building permits surged by 22.1% month-over-month to $12.39 billion in July 2024, far exceeding market expectations of a 2.5% increase, following an upwardly ...
More
New report calls for urgent government action as GTA home sales in July at an all-time low
8/28/2024 | Posted in Canadian Housing Market by Jessi Sandhu
A home building industry association says new home sales in July were at an all-time low, and is calling on urgent action from the government. ...
More
Ontario's pace of new home construction slows to 2018 levels
5/22/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Interest rates for builders and buyers playing into slowdown, putting dozens of housing projects on pause. ...
More
Cranes Are... Dropping? UrbanToronto Reports the Crane Count for Q1 2024
5/2/2024 | Posted in New Developments by Jessi Sandhu
As of the beginning of April, 2024, 324 cranes towered over the skies of the Greater Toronto and Hamilton Area (GTHA), representing a slight, but persistent, downward trend ...
More
Housing starts down seven per cent in March from February: CMHC
4/16/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February. ...
More
Canada homebuilding down for third year, housing agency predicts
4/4/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Canadian homebuilders are expected to dial back new construction for a third straight year in 2024 as elevated borrowing costs reduce the appeal of starting projects, Canada's ...
More
Trudeau offers billions to boost homebuilding - with strings attached
4/2/2024 | Posted in Government and Regulation by Jessi Sandhu
Prime Minister Justin Trudeau is pressuring Canada’s provinces to remove barriers to building more housing, including requiring them to freeze municipal development charges ...
More
Housing starts increase in February
3/18/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Canada Mortgage and Housing Corporation (CMHC) has reported an increase in the pace of home construction across the country. ...
More
Canada witnesses decline in home construction rates, falling below pandemic-era numbers: report
10/6/2023 | Posted in Canadian Housing Market by Jessi Sandhu
A recent report from the Canadian Centre for Policy Alternative(opens in a new tab) shows that new housing construction is at a lower level today than it was at the worst point of ...
More
GTA new home sales activity hovers near-record lows
9/22/2023 | Posted in New Developments by Jessi Sandhu
August activity at more than 60% below the region's 10-year average sales level ...
More
1 in 5 homebuilders are nixing projects amid high rates. Here are your rights
8/18/2023 | Posted in New Developments by Jessi Sandhu
Many Canadian homebuyers waiting patiently for construction to finish on their pre-sale unit are being met with cancellation notices from developers. The building environment is ...
More
Canadian housing starts declined in March
4/8/2020 | Posted in Canadian Housing Market by Jessi Sandhu
The trend in housing starts was 204,717 units in March 2020, compared to 209,109 units in February 2020, according to Canada Mortgage and Housing Corporation (CMHC). ...
More
No new residential construction in Ontario after April 4
4/3/2020 | Posted in Ontario Real Estate by Jessi Sandhu
Speaking from Queen’s Park on Friday afternoon, Ontario Premier Doug Ford announced a halt to all residential construction in the province. ...
More
Investment in residential construction was flat in January
3/24/2020 | Posted in New Developments by Jessi Sandhu
Building construction investment in Canada edged higher in January with a 0.5% rise compared to the previous month. ...
More
Canadian housing starts declined in February
3/9/2020 | Posted in Canadian Housing Market by Jessi Sandhu
The trend in housing starts was 208,525 units in February 2020, compared to 211,153 units in January 2020, according to Canada Mortgage and Housing Corporation (CMHC). ...
More
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. ...
More
Will Toronto's suburbs see the next great housing gold rush?
2/3/2020 | Posted in Toronto Real Estate by Jessi Sandhu
Developers are betting on new projects in some of Toronto’s oldest suburbs to attract millennials fleeing from the main city area’s inflamed home prices. ...
More
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. ...
More
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. ...
More
Canadian housing starts were flat in November says CMHC
12/10/2019 | Posted in New Developments by Jessi Sandhu
There were some slight increases but the 6-month trend was essentially unchanged ...
More
Tarion adds new protection for condo buyers
11/3/2019 | Posted in Ontario Real Estate by Jessi Sandhu
Ontario home warranty provider will require greater disclosure and information sheets. ...
More
There was a 19% jump for multifamily building permits in August
10/8/2019 | Posted in New Developments by Jessi Sandhu
The value of building permits issued by Canadian municipalities rose 6.1% to $9.0 billion in August, largely because of increases in multi-family and industrial permits. Gains ...
More
CMHC reports annual pace of housing starts climbed 1.9 per cent in August
9/10/2019 | Posted in Canadian Housing Market by Jessi Sandhu
The pace of new housing starts in August climbed 1.9 per cent compared with July as the housing market rebounded from its recent slowdown. ...
More
Canadian housing starts trended higher in July
8/14/2019 | Posted in Canadian Housing Market by Jessi Sandhu
The trend in housing starts was 208,970 units in July 2019, compared to 205,765 units in June 2019, according to Canada Mortgage and Housing Corporation (CMHC). ...
More
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. ...
More
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 ...
More
Hudson Yards developer plans one of Canada's biggest projects in Downtown Toronto
6/26/2019 | Posted in Toronto News by Jessi Sandhu
Oxford Properties Group is planning a US$3.5 billion development in downtown Toronto that would be one of Canada’s biggest real estate projects. ...
More
Investment in multifamily construction reaches new heights
6/24/2019 | Posted in Canadian Housing Market by Jessi Sandhu
The residential construction sector led the gains for overall Canadian construction investment in April, the latest month of figures released by Statistics Canada. ...
More
Canadian housing starts trend decreased in May
6/11/2019 | Posted in Canadian Housing Market by Jessi Sandhu
The trend in housing starts was 201,983 units in May 2019, compared to 205,717 units in April 2019, according to Canada Mortgage and Housing Corporation (CMHC). ...
More
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. ...
More
At Your Service
Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and 'll get back to you promptly.