Sales of new and resale homes and condominiums across the GTA combined for a new record high in 2015, the Toronto Real Estate Board’s (TREB) Director of Market Analysis Jason Mercer told industry professionals at the annual LandPRO Conference held March 2.
2016 is off to a slow start in the new home building and development industry. Following one of the biggest years ever for new homes in the GTA, in January sales of new homes were down, prices were mostly flat and new inventory was limited.
The Greater Toronto Area housing market is dynamic and complicated, and while many factors contribute to increasing prices, one pivotal way to improve affordability is for governments to recognize the effect of their policies on the prices paid by consumers.
Ever wonder why homes are designed a certain way or why some buildings have more amenities than others? Almost all of those decisions are based on thorough market research looking into what homebuyers are looking for.