The Latest information in Pre-Construction Condos
Buyer demand for new townhomes surged across Canada in 2020: Altus
New townhomes recorded robust sales numbers in several markets across Canada this year, as consumers looked for affordable lower density options amid the pandemic.
Real estate data firm Altus Group published a report this month highlighting…
Why have Toronto condos become so expensive?
Average condo prices in the City of Toronto are up about 150%. But…
Land costs are up 160%.
Soft costs are up 118%.
Construction and related costs are up 91%.
Financing costs are up 93%.
Government fees, charges, and taxes…
Toronto housing had “amazingly strong” November despite pandemic restrictions: RBC
The Toronto housing market had a lot working against it this November.
The City of Toronto and neighbouring Peel region moved into the “lockdown” zone of the province’s tiered restriction framework, with non-essential businesses closed…
The Toronto Housing Market is on Fire, Except Where it’s Not
The Toronto housing market is closing 2020 in a way that feels well-suited to the year: some highs, some lows, and not a whole lot of clarity on what’s to come.
According to the newest report from RBC, the entire country saw strength in…
COVID-19 vaccine deployment will shape Canada’s housing market in 2021
With a steady stream of positive developments announced in the last month, it’s beginning to look like widespread deployment of one or multiple COVID-19 vaccines will pave the way back to normalcy for Canada’s housing market next year.
Health…
Is it a good time to buy a house in Canada?
This year, no one culd predict what would lie ahead for the housing market during the novel Coronavirus pandemic that spread across the globe like wildfire. For many, Canadians lost their jobs and were trying to live off government-assisted…
HSBC offers mortgage rate below one per cent
TORONTO — HSBC says it will offer rates below one per cent for some mortgages, which rate comparison website RateSpy.com says is a record low for Canada.
The bank is advertising a 0.99 per cent rate on its website for new five-year variable…
Canada’s economy ready to ‘take off like a rocket’: CIBC’s Tal
Canada’s pandemic-weary economy is poised to “take off like a rocket” in the latter part of 2021, according to CIBC World Markets deputy chief economist Benjamin Tal.
Delivering his much-anticipated annual economic update during the…
New condo prices rise nearly 19% even as sales fall in October
The new condo market’s performance in October was slightly more reminiscent of spring 2020 than a typical busy fall season, as sales sank 32 percent from the previous year.
The new Toronto region data, published today by the Building Industry…
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