The Latest information in Pre-Construction Condos
What is the average age of a first-time homebuyer in Canada?
Homeownership is one of the major values that many Canadians share. After all, it’s often seen as a major milestone in one’s life to be able to buy your first home. This is not surprising when you consider the many benefits of homeownership…
The average price of a GTA condo has jumped $145K from Q1-2021
Condo buyers in the Greater Toronto Area might have noticed that the price of units have jumped considerably across the region this past year.
New data released by the Toronto Regional Real Estate Board (TRREB) shows that there were double-digit…
New construction GTA condos hit record price of $1.25 million in March
While the price of a new construction condo reached record highs in the Greater Toronto Area during March, sales in the region saw a change from the market’s “breakneck pace,” of the past few months.
According to the latest information…
Ontarians on the Move, 2022 Edition. #4 -Housing completions did increase after the 2015 Ontario population boom, but mostly outside of Toronto.
Fourth in (what I hope) will be a series on population growth, migration, and what’s going on with Ontario’s housing market.
TL;DR: Although housing completions did not keep up with population growth from 2015–19, they did increase. However,…
Priced out of Ontario, which market are homebuyers turning their attentions to?
Homeownership is getting out of reach for many
As Ontario’s sizzling real estate market puts home ownership out of reach for many Canadians, a growing number of prospective buyers are looking west in hopes of achieving their white-picket-fence…
Inflation hits new three-decade high in Canada
Canada’s annual inflation rate surged to 6.7% in March, a new 31-year record and a higher figure than financial analysts had expected.
Statistics Canada announced that the country’s Consumer Price Index (CPI) rose by a full percentage…
Home prices have increased 31% since the pandemic started, and will keep growing
Since the COVID-19 pandemic began in March 2020, Canadian home prices have experienced significant upward momentum, a trend that is expected to continue into the spring market.
According to new market reports, the Teranet–National Bank…
Ontario Invests $19M to Accelerate OLT and LTB Decisions
The Ontario government has announced that it is investing more than $19 million over the next three years in an effort to help reduce the longstanding backlogs and accelerate decisions at the Ontario Land Tribunal (OLT) and Landlord and Tenant…
Single-family recreational home prices to rise 13% in 2022 as cottage country markets stay hot
Anyone hoping to purchase in cottage country this year can expect to face growing prices as buyer demand continues to outstrip available home supply.
New market projections released by Royal LePage forecast that the aggregate price of a single-family…
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