GREATER TORONTO – After a second straight record-breaking year for home sales activity in the GTA, the Toronto Real Estate Board (TREB) is predicting another strong year for real estate in the area – with between 104,500 and 115,500 transactions forecasted for 2017’s total. Based on polling conducted by Ipsos last November, the Board’s Market […]
Hot Real Estate Market Driving Renovation Boom: CMHC
OTTAWA – With Greater Toronto’s resale real estate market recording higher-than-ever average prices, Ontario’s home renovation market has continued to expand at an impressive pace – overtaking even the province’s new construction market, in terms of investment dollars spent. According to the Canada Mortgage and Housing Corporation (CMHC)’s most recent Housing Market Insight briefing issued […]
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 […]
CMHC sheds new light on Canadian condo ownership
TORONTO – When looking at condominium communities in Toronto and other major Canadian real estate markets – especially high-rise towers – it’s natural to wonder how many units are rented out by investors, and how many are lived in by their owners. Thanks to a special “Feature on Condominiums” in the Canadian Mortgage and Housing […]
Market Update: GTA Condo Market Continues Rebound in Q4
MARKHAM – The final months of 2013 were strong ones for sales in the GTA’s high-rise real estate sector, as condo apartment sales in the year’s fourth quarter (Q4) increased by an incredible 21 per cent over the same period in 2012. The Toronto Real Estate Board (TREB) reported in January that across their jurisdiction, […]
GTA Market Update: 2013 Fall Market Refuses to Cool Off
TREB numbers show GTA’s real estate market remaining stable and active through the fall months GTA REAL ESTATE – The days might be getting colder and colder, but Greater Toronto’s housing market has yet to show any signs of a temperature drop – with the summer market’s high prices and bustling sales activity continuing well […]
Household Survey reveals City of Markham is Canada’s Most Multicultural Community
MARKHAM – The City of Markham is coming into its own as a true champion of cultural diversity, with 72.3 per cent of the city’s population coming from visible minorities, as reported in Statistic’s Canada’s 2011 National Household Survey. A Toronto Star feature on the town’s Survey results also revealed that 52.9 per cent of […]