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 ...
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Ontario housing supply overstated by almost 1 million, land development study reveals
2/22/2024 | Posted in Ontario Real Estate by Jessi Sandhu
Discrepancy debunks notion that construction industry is 'sitting on supply,' say developers ...
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Bank of Canada says housing affordability is about boosting supply, not lowering interest rates
2/7/2024 | Posted in Real Estate Market by Jessi Sandhu
Monetary policy can’t do everything, central bank governor Tiff Macklem says ...
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Focus on housing supply, not the mortgage stress test, says Scotiabank CEO
2/5/2020 | Posted in Canadian Housing Market by Jessi Sandhu
The chief executive of the Bank of Nova Scotia says Canada’s housing market needs more supply, not a major change to the mortgage stress test. ...
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Expect a seller's market this year
1/7/2020 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
The lack of housing supply is expected to remain a pressing concern this year as Canada moves further to a seller's market, market watchers say. ...
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Ontario passes legislation to cut red tape, ease housing crisis
6/7/2019 | Posted in Ontario Real Estate by Jessi Sandhu
The Ontario government has passed legislation which aims to tackle the province’s housing crisis. ...
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Toronto is U.S. and Canada's fastest-growing city, and that's not good
6/2/2019 | Posted in Toronto Real Estate by Jessi Sandhu
Torontonians could find themselves “doubling up” on housing with friends or relatives in the coming years as the city’s breakneck population growth outstrips the ...
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CMHC's Siddall Warns Homeownership 'Party' Coming to an End
5/11/2019 | Posted in Canadian Housing Market by Jessi Sandhu
The head of the Canada Mortgage and Housing Corporation (CMHC) gave a candid assessment of the country’s housing market, saying the “party” of homeownership as a ...
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Immigration volume will fuel further housing demand
4/30/2019 | Posted in Canadian Housing Market by Jessi Sandhu
For the foreseeable future, immigration will continue stoking the need for housing in Canada’s largest cities, according to RBC Economic Research. ...
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Mississauga could build 174,000 homes by moving into the "missing middle"
10/2/2018 | Posted in GTA Real Estate by Jessi Sandhu
Ryerson City Building Institute report finds that low-rises and townhouses could help tamper the GTHA’s affordability crisis, using Mississauga as a case study. ...
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Ontario to streamline housing development process
9/29/2017 | Posted in Ontario Real Estate by Jessi Sandhu
In an announcement earlier this week, the government of Ontario stated that it has established a new team tasked with removing the multiple barriers to housing construction and ...
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TREB May numbers show a soft month for Toronto real estate market
6/8/2017 | Posted in Toronto Real Estate by Jessi Sandhu
Home sales dropped in May 2017 compared to last year, but experts say the trend is likely temporary. ...
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Cool Toronto's market by cutting tax - not raising it
4/12/2017 | Posted in Toronto Real Estate by Jessi Sandhu
Jack Mintz: If Premier Kathleen Wynne wants to score a big win with home-buying voters, why not get rid of the land-transfer tax altogether? ...
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Sousa promises measures to cool Ontario's overheated housing market
3/28/2017 | Posted in Ontario Real Estate by Jessi Sandhu
Attention hard-pressed homebuyers: Finance Minister Charles Sousa is promising help in his spring budget to make houses and condos more affordable. ...
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Toronto house prices may jump 25% this year: Report
3/27/2017 | Posted in Toronto Real Estate by Jessi Sandhu
Toronto’s housing market is likely to stay strong for the rest of the year, with home prices jumping as much as 25 per cent, amid hints that speculators are fuelling demand ...
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Canadian housing starts begin 2017 on a high, fuelled by Ontario
2/12/2017 | Posted in Real Estate News by Jessi Sandhu
Canadian housing starts unexpectedly rose in January as Ontario saw a strong increase on ground breaking of new homes, suggesting home construction got off to a ...
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Toronto condo sales push to records as buyers get squeezed out of the low-rise market: report
2/7/2017 | Posted in Toronto Real Estate by Jessi Sandhu
Priced out of detached houses and other low-rise products, Toronto buyers poured into condominiums units last year to create a 10-year low in inventory, according to a recent ...
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Government intervention in Toronto more likely by the day: RBC
1/30/2017 | Posted in Toronto Real Estate by Jessi Sandhu
In a report released last week, the Royal Bank of Canada cautioned that the trends and conditions in Toronto real estate point to the growing possibility of government ...
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