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 ...
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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. ...
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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 ...
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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 ...
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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. ...
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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 ...
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Cooler housing markets is a growing trend in developed economies
6/10/2019 | Posted in Real Estate News by Jessi Sandhu
Cooling housing markets are being seen in many major cities across the developed economies. ...
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Deep freeze in housing market suggests mortgage rules have overshot their mark
2/22/2019 | Posted in Canadian Housing Market by Jessi Sandhu
While a decline in sales in January 2018 was expected, the decline this January was disturbing. ...
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GTA's new home market activity back to moderate level
1/2/2019 | Posted in GTA Real Estate by Jessi Sandhu
The Greater Toronto Area (GTA) new-home sales and new project openings’ activities were back to typical levels in November after posting relatively strong results in ...
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30-year high housing starts could signal return to prosperous market
7/10/2018 | Posted in Canadian Housing Market by Jessi Sandhu
Canadian housing starts surged in June to one of the highest levels over the past decade, driven by new condominium developments in Toronto that reached a 30-year high for the ...
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Majority of Canadians blame foreigners for price spikes
7/4/2018 | Posted in Foreign Buyers by Jessi Sandhu
Foreign ownership, speculation perceived to be the most influential factors according to a recent report by CMHC. ...
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Why the GTA's detached houses remain a safe bet
9/27/2017 | Posted in Ontario Real Estate by Jessi Sandhu
In spite of recent scares regarding their values, detached houses remain the strongest real estate investment to be had in the GTA. ...
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Annual pace of housing starts in Canada sped up in August compared with July
9/11/2017 | Posted in Real Estate News by Jessi Sandhu
Canada Mortgage and Housing Corp. says the annual pace of housing starts in August increased compared with July ...
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Canadian home sales fall further in July
8/15/2017 | Posted in Real Estate Market by Jessi Sandhu
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined further in July 2017. ...
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Home construction picks up in July, driven by buildings, condos, CMHC says
8/10/2017 | Posted in New Developments by Jessi Sandhu
The federal housing agency says home construction picked up last month. The annual pace of urban home construction increased by 5.5 per cent to 206,122 units, driven by a ...
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Canadian home sales drop again in June
7/17/2017 | Posted in Real Estate Market by Jessi Sandhu
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales cooled further in June 2017. ...
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Housing starts picked up in June: CMHC
7/11/2017 | Posted in Real Estate Market by Jessi Sandhu
Canada Mortgage and Housing Corp. says the annual pace of housing starts in Canada picked up in June. ...
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Looming rate hikes seen dousing Canadian consumers, housing market
6/19/2017 | Posted in Mortgages and Real Estate by Jessi Sandhu
Looming rate hikes by the Bank of Canada will put financial stress on indebted Canadians and potentially exacerbate a slowdown in the nation's long housing boom, credit ...
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CREA Updates Resale Housing Market Forecast
6/15/2017 | Posted in Real Estate News by Jessi Sandhu
The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate ...
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Home Prices Up a Record 2.2% in May
6/14/2017 | Posted in Real Estate Market by Jessi Sandhu
In May, the Teranet–National Bank National Composite House Price Index™ was up 2.2% from the previous month, the largest May gain in the 19-year history of the index. ...
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BMO CEO downplays housing risk
6/12/2017 | Posted in Real Estate Market by Jessi Sandhu
The Bank of Montreal's CEO is downplaying the consequences that would come from a possible correction in house prices, saying the real estate market "essentially heals ...
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Ontario new housing rules take a bite out of new construction numbers for country
6/9/2017 | Posted in Real Estate Market by Jessi Sandhu
Canadian housing starts fell 8.6 per cent in May from April, a decline fuelled by a massive pullback in new home construction since Ontario moved to cool the housing market in ...
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GTA REALTORS® Release Monthly Resale Housing Market Figures
6/5/2017 | Posted in GTA Real Estate by Jessi Sandhu
Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 10,196 sales through TREB’s MLS® System in May 2017 – ...
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Canadian home sales drop in April
5/15/2017 | Posted in Real Estate Market by Jessi Sandhu
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined in April 2017. ...
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5/9/2017 | Posted in Real Estate Market by Jessi Sandhu
The 6-month trend of Canadian housing starts was up in April, reaching 213,768 units compared to 210,702 in March. ...
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Toronto real estate sales climbed in past week, but overall cooling could be coming
5/2/2017 | Posted in Toronto Real Estate by Jessi Sandhu
Early data suggests homebuyers in Canada’s largest city sat on the sidelines as they awaited new market cooling measures, but jumped backed into the market — albeit at ...
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4/25/2017 | Posted in Real Estate Market by Jessi Sandhu
"Move-over" buyers from Toronto and Vancouver turning to surrounding areas to find a balance of affordability, square footage, and access to ...
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No measures that could boost demand for housing in Toronto: Morneau
4/19/2017 | Posted in Toronto Real Estate by Jessi Sandhu
Three levels of government facing a red-hot housing market in the Greater Toronto Area agreed Tuesday not to introduce any measures that would further boost demand and drive ...
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Canadian home sales edge higher from February to March
4/18/2017 | Posted in Real Estate Market by Jessi Sandhu
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in March 2017. ...
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Buyers, sellers brace for an unprecedented spring real estate season in Toronto region
4/15/2017 | Posted in Toronto Real Estate by Jessi Sandhu
Buyers in the Toronto Region can expect mad competition for homes to continue. ...
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