The Latest information in Pre-Construction Condos
Revealed: The most and least expensive rental markets in Canada in July
Although there have been signs pointing to a cooling housing market, Canada’s rental markets have never been hotter as the majority of metro areas went up in monthly value in July, according to the Zumper Canadian Rent Report.
Looking into…
Toronto new home construction jumped again in June — but economists see a slowdown coming soon
The breakneck pace of new home construction in the Toronto area continued in June, according to new data from the Canada Mortgage and Housing Corporation.
But that could soon be coming to an end, according to some economists.
“Long-term,…
Using your RRSP as a first-time home buyer: advantages and disadvantages
For first-time home buyers, it can feel intimidating when you want to try and buy a home. Beyond the work of seeing houses and facing competition in the market, you also simply need to have enough money saved to cover your down payment. Many…
Is lack of supply still the biggest obstacle to housing affordability? This panel thinks so.
The topic of housing supply isn’t front and centre of the affordability discussion like it was just a few months ago.
Despite housing affordability in the first quarter posting its worst decline “in a generation,” according to recent…
What is mortgage default insurance?
You can get insurance for almost anything you own and often it is considered a very good idea to do so. Home insurance protects thousands every year from the financial cost of damage to their property and car insurance helps to cover the costs…
Canada’s Office Construction Slips As Cost to Build Rises: Report
The construction of office space is declining in Canada amidst runaway inflation increasing construction costs.
A new report from Colliers Canada has found that although the number of under-construction offices is still very robust, with…
Over 22M housing units needed by 2030 to solve affordability crisis: CMHC
A new report from the Canada Mortgage and Housing Corp. says the country's housing stock would need to climb to over 22 million units by 2030 to achieve affordability for everyone living in Canada.
The housing agency notes that two-thirds…
Developers could cancel approximately 5,000 new condo units as construction prices rise, industry observer says
Developers could cancel the construction of approximately 5,000 new condominium units in Toronto in response to rising material and labour costs, an analysis conducted by the real estate research firm Urbanation has found.
Urbanation President…
Ranked: These Are 10 of the World’s Least Affordable Housing Markets
These Are 10 of the World’s Least Affordable Housing Markets
It’s become increasingly difficult for middle-class families to purchase a home over the last few years—and the global pandemic has only made things worse.
According…
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