TORONTO, ON – Prime Minister Justin Trudeau announced the federal government’s new National Housing Strategy Wednesday, promising an investment of $40 billion over the next decade to improve housing affordability and reduce homelessness. Speaking outside a public housing development near Yorkdale mall, the Prime Minister outlined the plan, calling it a “once-in-a-generation, $40 billion […]
Huge growth in new home sales in Toronto
There was huge growth in new home sales in the Greater Toronto Area in June, with a new report showing that the number of sales grew by 59% compared to May 2017, 23% compared to June last year, and 44% compared to the 10-year average. The report, released by the Building Industry and Land Development […]
Career Tips: Selling New Homes and Pre-construction Homes
As Toronto and its surrounding communities continue to grow and intensify, more and more property buyers are now looking towards investing in a brand-new home. That focus shift isn’t just limited to first-time buyers – savvy investors and older buyers looking to downsize are also getting in on the action. As a result, new homes […]
GTA average new detached home price hits $1.23M
GREATER TORONTO – As a year of tight new-home inventories has drawn to a close, statistics released by the Building Industry and Land Development Association (BILD) show that the GTA’s brand-new homes have been fetching some of their highest prices ever. According to a BILD press release issued December 22, November saw Greater Toronto’s average […]
Project Spotlight: M City Condos
While Mississauga’s downtown core has welcomed many new condo projects in the past couple of years alone, few have exhibited the sheer scale of M City – an ambitious master plan to bring 10 condo towers to the area southwest of Burnhamthorpe Road and Confederation Parkway. Originally unveiled to the media on September 27, the […]
Neighbourhood Profile: Central Willowdale
Known to most GTA residents as the northeastern terminus of the TTC’s busy Yonge University Spadina line, the busy intersection of Yonge Street and Finch Avenue has grown into more than just a transit hub since Finch Station first opened for business in 1974. The busy intersection – which is also home to affordable high-rise […]
GTA Condos 3.3% Foreign-Owned: CMHC
Newly completed condos in city core most popular among foreign buyers GREATER TORONTO – Looking to buy a GTA condo this year? You’re definitely not alone, but according to newly-released statistics, the majority of your competition will likely be Canadian residents. In Greater Toronto, investments made by foreign buyers have long been perceived as a […]
Canadian Housing Starts Exceed End-of-Summer Expectations
TORONTO – According to new figures from the Canada Mortgage and Housing Corporation (CMHC), nationwide housing starts experienced an unexpected boost last month – fuelled largely by condominium development across the GTA. The CMHC’s report issued October 8, and entitled September 2015 Housing Starts in Canada, reveals that the country’s seasonally adjusted annual rate (SAAR) […]
Q2 Numbers Show Shrinking Condo Inventory in Toronto
TORONTO – According to condominium market research group Urbanation, 2015’s second quarter proved to be a lucrative one for new condo sales in Toronto. The group’s recently-released Q2-2015 market results reveal a full 56 per cent of the 5,737 condominium homes launched during the second quarter were absorbed before it ended, reflecting a two-per-cent increase […]
Project Spotlight: Design Haus
TORONTO – Boasting an enviable College Street location immediately south of the University of Toronto’s largest downtown campus, Shiupong Group’s Design Haus represents a formidable mid-rise addition to Toronto’s downtown Core, and one of 2015’s most exciting opportunities for condo investors. It is a project that has already been turning heads – and making headlines […]
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