10/28/2024 | Posted in New Developments by Shavin Patel
SHARE
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
9/13/2024 | Posted in New Developments by Shavin Patel
SHARE
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
8/28/2024 | Posted in Canadian Housing Market by Shavin Patel
SHARE
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 8/2/2024 | Posted in First Time Home Buyers by Shavin Patel
SHARE
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. ... More
5/30/2024 | Posted in Government and Regulation by Shavin Patel
SHARE
The Ontario government has introduced legislation that includes a new 10-day cooling-off period for purchases of new freehold homes.
... More 5/22/2024 | Posted in Canadian Housing Market by Shavin Patel
SHARE
Interest rates for builders and buyers playing into slowdown, putting dozens of housing projects on pause.
... More 4/16/2024 | Posted in Canadian Housing Market by Shavin Patel
SHARE
Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.
... More 4/11/2024 | Posted in Government and Regulation by Shavin Patel
SHARE
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
4/4/2024 | Posted in Canadian Housing Market by Shavin Patel
SHARE
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, ... More
4/2/2024 | Posted in Government and Regulation by Shavin Patel
SHARE
Prime Minister Justin Trudeau is pressuring Canada’s provinces to remove barriers to building more housing, including requiring them to freeze municipal development ... More
3/18/2024 | Posted in Canadian Housing Market by Shavin Patel
SHARE
Canada Mortgage and Housing Corporation (CMHC) has reported an increase in the pace of home construction across the country.
... More 10/6/2023 | Posted in Canadian Housing Market by Shavin Patel
SHARE
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 ... More
9/22/2023 | Posted in New Developments by Shavin Patel
SHARE
August activity at more than 60% below the region's 10-year average sales level
... More 8/18/2023 | Posted in New Developments by Shavin Patel
SHARE
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 ... More
2/10/2020 | Posted in Canadian Housing Market by Shavin Patel
SHARE
The national trend in housing starts essentially held steady in January.
... More 1/10/2020 | Posted in Canadian Housing Market by Shavin Patel
SHARE
There was a decline in the 6-month moving trend in Canadian housing starts in December.
... More 1/7/2020 | Posted in New Developments by Shavin Patel
SHARE
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 11/5/2019 | Posted in New Developments by Shavin Patel
SHARE
New single-family home sales in the Greater Toronto Area increase a whopping 283%
... More 9/18/2019 | Posted in GTA Real Estate by Shavin Patel
SHARE
According to a recent BILD report, these charges make a significant impact on affordability.
... More 7/11/2019 | Posted in Canadian Housing Market by Shavin Patel
SHARE
Canadian housing starts trended higher in June, primarily due to higher trending row and apartment starts, in urban areas.
... More 6/27/2019 | Posted in New Developments by Shavin Patel
SHARE
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% ... More
6/6/2019 | Posted in GTA Real Estate by Shavin Patel
SHARE
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 4/30/2019 | Posted in Home Buyers by Shavin Patel
SHARE
If you’re considering a custom-built home, here’s everything you need to know.
... More 4/22/2019 | Posted in Toronto Real Estate by Shavin Patel
SHARE
Toronto’s construction industry may have just averted a calamity.
... More 3/27/2019 | Posted in New Developments by Shavin Patel
SHARE
Yet sales were still well below the 10-year average, while benchmark prices showed slight moderation from the previous month.
... More 3/20/2019 | Posted in Canadian Housing Market by Shavin Patel
SHARE
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
2/27/2019 | Posted in GTA Real Estate by Shavin Patel
SHARE
BILD announced earlier this week that GTA new home sales volume increased by 14% annually in January, reaching 1,362 transactions.
... More 2/1/2019 | Posted in GTA Real Estate by Shavin Patel
SHARE
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
1/17/2019 | Posted in Canadian Housing Market by Shavin Patel
SHARE
In the not so distant past, Canadian contractors were building more single-family homes than multi-family homes, such as condo apartments.
... More 1/10/2019 | Posted in Ontario Real Estate by Shavin Patel
SHARE
Sales of new homes should be positive in 2019 despite the challenges of affordability and interest rates.
... MoreThinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.