Category: Uncategorized
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Happy Canada Day
To all Canadians around the world, a very happy Canada Day to you all. This day commemorates the unification of the three North American British colonies. Canada Day is a celebration of a united Canada and examining its defects, past and present, should not lead us to overlook its strengths. So let’s pour our hearts…
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Building Forward: 1.5M Homes Needed in GTA
1.5M new homes are needed in the GTA to address the current supply shortage. Today's homes are being built to last and form the backbone of future housing stock.
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Social Cost of GTA Housing Crisis Reaches $37B
A study by the Canadian Centre for Economic Analysis found that the social cost of housing unaffordability in the GTA is $37B.This cost is comparable to the social cost of major health challenges like diabetes and heart disease.
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80K GTA Condos Under Construction
GTA condo sales decreased from 10K in 2022 to <1,500 in Q1 2024. Condo inventory piling up, absorption at 30-yr low.
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Oakville told to pay back federal housing money after it rejects density
The federal housing minister has requested Oakville to repay over a million dollars in funds after the town council, led by the mayor, rejected a motion to implement "gentle density" policies. Oakville is the first municipality in Canada to breach the agreement to allow greater housing density, risking the loss of federal funds. Continue to…
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Toronto Saw Increased Supply in Early Q2
Listings increased significantly in Toronto’s Real Estate Market in April 2024. In the GTA, there were 7,114 sales in April 2024, ↓ 5% yearly.
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Toronto Real Estate Spirals As Inventory Surges, Demand Hits Historic Low
Toronto real estate saw prices decline in May for the third consecutive year, with the most inventory in over a decade and the weakest May demand on record. The typical home price dropped 0.9% to $1,117,400, down 3.5% from a year ago. Home sales hit a low not seen since 2000, with just 7,013 sales.…
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Greater Toronto Condo Market Hits 15-Yr Low
Sales Performance: – Q1 2024: 1,461 condo sales, the lowest since Q1 2009 – Sales ↓ 71% in 10-yr New Launches and Pricing: – 958 units launched in early 2024 – Avg opening price for new condos: $1,168/sq ft
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Happy Father’s Day
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of…
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Here’s how much it really costs to own home in Toronto
Buying a home in Toronto is costly, with average prices above $1 million. Besides mortgage rates, other monthly expenses like property tax, insurance, utilities, and an emergency fund impact homeownership costs. Maintaining an emergency fund and comprehensive insurance is crucial due to climate-related risks. Shopping around for the best mortgage rate and insurance policy can…