The Latest information in Pre-Construction Condos
Mortgage rates to start rising from record-lows before end of 2021: Capital Economics
Rock-bottom mortgage rates have been a major driver of red-hot home buying activity across Canada since the country emerged from the widespread lockdowns of spring 2020.
Those rates are likely to stay near all-time lows for the first half…
Here Are Canadian Regions With Below Average Home Prices And The Homes You Can Buy There
By comparison, new listings dropped nationally by 2.9% y-o-y, with just 52,342 properties being added to the market last month. As such, the overall housing market was highly competitive for home buyers in January, as indicated by…
Suburbs fuel rise in housing completions, construction, CMHC says
The COVID-19 pandemic is having an impact on the housing market with pent-up demand pushing Canadian home prices higher. Bindu Suri has details on Royal LePage’s new market survey forecast.
The suburbs surrounding Toronto, Montreal…
Canadians Under 35 See Net-Worth Climb, But Toronto Is A Big Exception
Canadian households saw net-worth make big gains over the past few decades. Using Statistics Canada (Stat Can) data from the recently released Survey of Financial Security (SFS), we can see how net-worth evolved for each age group from 1999…
TRREB Forecasts Strong Demand for Real Estate in 2021 Highly-Anticipated Outlook Report and New Digital Digest Unveiled
TREB) is unveiling its must-read Market Year in Review & Outlook 2021 Report and eagerly awaited digital digest containing TRREB’s annual market outlook, up-to-date Ipsos consumer polling results, the most…
The East Gardiner: a stretch of highway, or a new neighbourhood?
Back in 2015, Toronto’s biggest issue was traffic congestion. Or, at least, that was how it seemed at City Hall, when city council approved a $919-million project to reconstruct one section of the Gardiner Expressway.
Much has changed since…
Detached home prices rose over 20% in every Toronto suburb in January
Ever since the housing market rally began in 2020’s second half, the number of Toronto region communities recording 20 percent-plus annual price gains in their detached home markets has been climbing each month.
Of the 30 suburban cities…
New purchase requests outpaced refinances in January: nesto
The appetite for homeownership in Canada has been strong to start the year thanks in large part to low interest rates, according to nesto, an online mortgage brokerage.
A report from the firm showed that 60% of the brokerage’s users intended…
New forecast says 2021 will be second-best year ever for Toronto home sales
Homebuyers were out in full force again in January, snapping up 6,928 homes across the Toronto region. And, according to a new forecast, this momentum out of the gate is expected to persist throughout the entire year.
The Toronto Regional…
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