Category: Uncategorized
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Ontario Towns Claim CMHC Undercounted Starts
Ontario saw ↑23% in housing starts in Mid-Q2 yearly. Despite the increase, 2024's overall housing starts ↓6% yearly.
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Ontario: Buyer’s Market Emerges as Inventory Levels Rise
Ontario's growing Real Estate inventory is giving homebuyers more power in negotiations.
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Ontario Homeowner’s Guide: Warranty vs. Insurance
In Ontario, newly built homes come with a warranty supported by Tarion, a government-established consumer protection organizationUnlike home insurance, the new home warranty focuses on post-purchase risks and defects after completion.
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Toronto City Council approves partnership to build more affordable housing in midtown Toronto
Toronto City Council approved the development of 447 new purpose-built rental homes at 275 Merton St., with 30% to be affordable in perpetuity. The City partnered with Collecdev-Markee to combine the property with an adjacent site, aiming to address the lack of affordable housing in Toronto. Construction is set to start in 2025, with completion…
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GTA Home Construction Stalled by Bureaucracy
Taxes, fees, and levies account for 31% of new home costs. Approval processes add months to building projects.
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Ontario’s Top 10 Wallet-Friendly Towns
Nepean: – Avg Home Price: $551K – Avg Household Income: $137K Carleton Place – Avg Home Price: $672K – Avg Household Income: $100K Kanata – Avg Home Price: $694K – Avg Household Income: $146K Tillsonburg – Avg Home Price: $256K – Avg Household Income: $88K
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Early Summer GTA Home Sales Data
GTA Outside Toronto: 3,977 sales in rest of GTA, avg price $1,155,637. Sales ↓ from 4,612 in June 2023. Toronto Sales and Prices: 2,236 sales in Toronto, avg price $1,173,781. Sales ↓ from 2,817 in June 2023.
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House sales dropped $210,000 in Oakville during June
Oakville experienced a significant drop in house sales by $210,000 in June, while sales remained steady in Burlington and Milton. The Toronto Regional Real Estate Board reported slower home sales across Halton. The Bank of Canada's rate cut provided some relief, but additional cuts may be necessary to stimulate sales. In the GTA, home sales…
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GTA Housing Market Cools Down: Average Prices Dip
Avg price for detached homes: $1.5M in May, ↓ 3.2% yearly Avg price for Semi-detached homes: $1.17M in May, ↓ 2% yearly
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GTA Home Sales Decline Despite Rate Cut
June home sales in GTA ↓ 16.4% yearly, with 6,213 homes sold. Avg selling price in the GTA ↓ 1.6% yearly to $1,162,167.