The Latest information in Pre-Construction Condos
Home price increases: A temporary shock for Canadian buyers?
The Canadian real estate market is recovering much faster than anyone predicted. The average price of a Canadian resale home in June was $539,000, up from 6.5% the year before, according to the Canadian Real Estate Association. Home sales in…
W-shaped condo tower proposed for Bayview and Finch
A series of commercial lots located east of Bayview and Finch avenues could be the future site of a 12-storey W-shaped condo development.
Last week, a Zoning Bylaw Amendment application was submitted to Toronto city planners to construct…
10 Toronto suburbs saw home prices increase over 20% in August
Price growth in the Toronto region lost some steam last month compared to July, but there were still plenty of substantial price gains seen across the city’s suburban markets.
According to the latest data from the Toronto Regional Real…
Detached home prices reach all-time high in Mississauga
When the COVID-19 pandemic and associated lockdown hit Ontario, some suggested the GTA's white-hot housing market was going to take a hit.
Six months into the crisis, house prices in Mississauga and surrounding cities are up year-over-year,…
New home prices to stay strong this fall despite pandemic uncertainty
Since late March, Canada’s real estate industry has seen extreme lows and highs in the span of just a few months.
Now, as the market prepares to enter another typically busy season, it’s difficult to pinpoint what new construction home…
Toronto home sales post best-ever total for August
The Toronto region recorded another month of over 10,000 home sales as buyers seeking low-rise properties made their move before the end of summer.
A total of 10,775 properties changed hands last month, up over 40 percent compared to August…
CREA: Five Canadian cities where condo prices peaked in July
Only five urban markets nationwide saw their condo values reach new heights in July, according to the Canadian Real Estate Association.
The strongest performer was Ottawa, with its 22% annual increase to a new peak of $369,200. Oakville posted…
Toronto’s new condo market breaks sales launch record for July
The summer months are typically a quieter time for Toronto’s new condo market, with project launches concentrated in the spring and fall months.
But when there’s no spring launch season to speak of thanks to a global pandemic, it turns…
Multi-family developments will lead Ontario construction rebound in 2021: Central 1
Restrictions were lifted on the province’s new home construction sites by mid-May, but with groundbreakings pushed back and project timelines stretched, Ontario is still set to see an overall decline in housing starts this year.
That’s…
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