New home sales in Toronto remain low in September despite interest rate cuts: report
10/28/2024 | Posted in New Developments by Jessi Sandhu
New home sales in the Greater Toronto Area remained sluggish last month, but a new report suggests that the market is now primed for buyers following four consecutive interest ... More
Canada Building Permits Surge in July, Far Exceeding Expectations
9/13/2024 | Posted in New Developments by Jessi Sandhu
The total value of building permits surged by 22.1% month-over-month to $12.39 billion in July 2024, far exceeding market expectations of a 2.5% increase, following an upwardly ... More
New report calls for urgent government action as GTA home sales in July at an all-time low
8/28/2024 | Posted in Canadian Housing Market by Jessi Sandhu
A home building industry association says new home sales in July were at an all-time low, and is calling on urgent action from the government. ... More
Canada's 30-year mortgage option has officially launched
8/2/2024 | Posted in First Time Home Buyers by Jessi Sandhu
The Canada Mortgage and Housing Corporation (CMHC) has officially launched Home Start, a 30-year mortgage option for first-time homebuyers purchasing newly constructed homes. Will ... More
New legislation includes 10-day 'cooling-off' period for new home purchases
5/30/2024 | Posted in Government and Regulation by Jessi Sandhu
The Ontario government has introduced legislation that includes a new 10-day cooling-off period for purchases of new freehold homes. ... More
Ontario's pace of new home construction slows to 2018 levels
5/22/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Interest rates for builders and buyers playing into slowdown, putting dozens of housing projects on pause. ... More
Housing starts down seven per cent in March from February: CMHC
4/16/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February. ... More
Ottawa to allow 30-year amortization for first-time buyers' mortgages on new homes
4/11/2024 | Posted in Government and Regulation by Jessi Sandhu
Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians ... More
Canada homebuilding down for third year, housing agency predicts
4/4/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Canadian homebuilders are expected to dial back new construction for a third straight year in 2024 as elevated borrowing costs reduce the appeal of starting projects, Canada's ... More
Trudeau offers billions to boost homebuilding - with strings attached
4/2/2024 | Posted in Government and Regulation by Jessi Sandhu
Prime Minister Justin Trudeau is pressuring Canada’s provinces to remove barriers to building more housing, including requiring them to freeze municipal development charges ... More
Housing starts increase in February
3/18/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Canada Mortgage and Housing Corporation (CMHC) has reported an increase in the pace of home construction across the country. ... More
Canada witnesses decline in home construction rates, falling below pandemic-era numbers: report
10/6/2023 | Posted in Canadian Housing Market by Jessi Sandhu
A recent report from the Canadian Centre for Policy Alternative(opens in a new tab) shows that new housing construction is at a lower level today than it was at the worst point of ... More
GTA new home sales activity hovers near-record lows
9/22/2023 | Posted in New Developments by Jessi Sandhu
August activity at more than 60% below the region's 10-year average sales level ... More
1 in 5 homebuilders are nixing projects amid high rates. Here are your rights
8/18/2023 | Posted in New Developments by Jessi Sandhu
Many Canadian homebuyers waiting patiently for construction to finish on their pre-sale unit are being met with cancellation notices from developers. The building environment is ... More
Canadian housing starts unchanged in January
2/10/2020 | Posted in Canadian Housing Market by Jessi Sandhu
The national trend in housing starts essentially held steady in January. ... More
Canadian housing starts trended lower in December
1/10/2020 | Posted in Canadian Housing Market by Jessi Sandhu
There was a decline in the 6-month moving trend in Canadian housing starts in December. ... More
GTA new homes market busier than normal: BILD
1/7/2020 | Posted in New Developments by Jessi Sandhu
There was strong demand for newly built homes in the Greater Toronto Area in November, the latest month of data released by Altus Group. ... More
No signs of overheating in the GTA's new home market
11/5/2019 | Posted in New Developments by Jessi Sandhu
New single-family home sales in the Greater Toronto Area increase a whopping 283% ... More
Buyers of new GTA homes face $222K in government charges
9/18/2019 | Posted in GTA Real Estate by Jessi Sandhu
According to a recent BILD report, these charges make a significant impact on affordability. ... More
Canadian Housing Starts Jump To Highest Level Since 2007
7/11/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Canadian housing starts trended higher in June, primarily due to higher trending row and apartment starts, in urban areas. ... More
New GTA home sales jumped 94% in May compared to a year earlier
6/27/2019 | Posted in New Developments by Jessi Sandhu
There was strong activity in the Greater Toronto Area’s new homes market in May: 4,794 new homes were sold in the month, up 94% from ... More
GTA new home sales jumped 123% in April
6/6/2019 | Posted in GTA Real Estate by Jessi Sandhu
There was some better news for the new homes market in the Greater Toronto Area in April as sales jumped 123% year-over-year. ... More
How Much Does It Cost to Build a House?
4/30/2019 | Posted in Home Buyers by Jessi Sandhu
If you’re considering a custom-built home, here’s everything you need to know. ... More
Last-minute amendment saves construction industry
4/22/2019 | Posted in Toronto Real Estate by Jessi Sandhu
Toronto’s construction industry may have just averted a calamity. ... More
GTA new single-family home sales jumped 147% in February
3/27/2019 | Posted in New Developments by Jessi Sandhu
Yet sales were still well below the 10-year average, while benchmark prices showed slight moderation from the previous month. ... More
New home construction to decline for next two years, says report
3/20/2019 | Posted in Canadian Housing Market by Jessi Sandhu
The construction of new homes in Canada will continue to decline for the next two years as the economy slows and higher interest rates weigh on consumers, according to a new ... More
GTA sees new home sales begin on a good note this year
2/27/2019 | Posted in GTA Real Estate by Jessi Sandhu
BILD announced earlier this week that GTA new home sales volume increased by 14% annually in January, reaching 1,362 transactions. ... More
GTA new homes sales plunge 40 per cent in 2018: Altus
2/1/2019 | Posted in GTA Real Estate by Jessi Sandhu
Investment property sales in the GTA had their second-highest year ever at $21.1 billion, but the figure drawing the most attention in Altus Group’s Flash Greater ... More
'No more detached homes for you' economist tells Canada
1/17/2019 | Posted in Canadian Housing Market by Jessi Sandhu
In the not so distant past, Canadian contractors were building more single-family homes than multi-family homes, such as condo apartments. ... More
GGH region forecast to lead growth in new home sales
1/10/2019 | Posted in Ontario Real Estate by Jessi Sandhu
Sales of new homes should be positive in 2019 despite the challenges of affordability and interest rates. ... More
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