The Latest information in Pre-Construction Condos
Home builders are tackling Canada's housing supply shortage
Canada’s housing supply fell short of demand even before COVID struck, a situation the pandemic brought into sharp relief. It’s not that home builders have been sitting idle. Housing starts over the past 12 months were the strongest since…
What’s driving housing starts?
Supply shortages are hitting single family starts, despite an overall rise in the number of homes being built and homebuilder sentiment improving for the first time in three months, two reports show.
Builder sentiment rose in September by…
Mortgage delinquency rates ease in Q2 – Equifax
Government support and payment deferrals played major roles in improving Canadians’ financial health, Equifax said
Despite the end of payment deferral programs, Canadian mortgage delinquency rates declined from first-quarter highs in Q2,…
Canada retail sales bounce back
Retail sales in Canada rebounded after falling earlier in the summer months, a reassuring sign that consumers continue to spend.
The value of receipts rose 2.1% in August, according to preliminary results provided by Statistics Canada on…
Over 4 In 5 Canadian Real Estate Markets Have Seen Price Growth Slow
Canada is in election mode, and all politicians have a plan to cool real estate markets. The thing is, most markets have begun to cool on their own. Canadian Real Estate Association (CREA) data shows a third of markets made a monthly pullback…
Trudeau vows ban on foreign buyers
Prime Minister Justin Trudeau has promised to introduce a two-year ban on foreign home buyers and make the home purchasing process more transparent if re-elected.
The Liberal Party leader told a crowd in Hamilton, Ontario that a Liberal-led…
Toronto Condos No Longer Dominate GTA’s Highest Appreciating Properties
Only one Toronto building makes Top 10; best investments are outside city limits
For the first time in six months, Toronto condominiums no longer dominate Strata.ca’s list of properties with the highest appreciation rates. If the latest data…
Competition for low-rise rentals in GTA sparks bidding wars
Parsimonious rental data in the GTA makes tracking hotspots difficult, but stories about leasing bidding wars are commonplace and, according to the president of the Residential Construction Council of Ontario (RESCON), that’s a direct consequence…
House prices shot up more than 40% in these three GTA cities
The GTA real estate market has reached historic highs over the past year, with house prices in outer-lying cities seeing unprecedented surges in interest.
As homebuyers searched for larger spaces in more suburban areas of the GTA during the…
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