market

Year-to-date GTA new home sales strong despite quiet August

Greater Toronto, September 25, 2017 – Sales of new construction homes in the GTA were down in August, but the year-to-date sales are still very strong, the Building Industry and Land Development Association (BILD) announced today.






homebuyer

Condo buyers come from all stages of life

What a year it’s been for condo sales. As of the end of July, condo apartments in high-rise and mid-rise buildings and stacked townhomes accounted for almost 80 per cent of the year-to-date sales of new construction homes in the GTA.






Couple sitting on sofa talking to financial advisor

New home buyers want storage, great kitchens, and energy efficiency

What do new home buyers really want in their new house, townhouse or condo? Lots of storage, energy-efficient features and a great kitchen, according to a survey by BILD member Avid Ratings Canada.






buildings

Toronto housing boom driving economic growth in Ontario; masks weak business investment

Weak business investment in Ontario has the provincial economy increasingly dependent on Toronto’s housing market for growth, leaving the province especially vulnerable if the market slows, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.






laneway 1

Laneway suites could help increase housing supply

As we continue to contend with ongoing housing woes in the GTA, laneway housing is one potential way to help increase supply and provide much needed rental units.






tower

Our industry produces jobs as well as communities

The home building, land development and professional renovation industry builds cities and produces jobs. We are the industry that designs, develops, constructs and renovates the buildings and communities where people live, work, play and shop, and in so doing, are one of the largest employers in the region, providing jobs for thousands of GTA residents every year.






renomark

Major renovations need professional planning and management

Renovations come in all sizes but with housing prices at an all time high, many homeowners are choosing to make their existing home their forever home through major renovations or even complete tear downs.






woy

Innovative designs provide consumers with choices

Our industry is constantly innovating and working to offer home buyers design choices they want to live in at prices they can afford.






building

Out-of-date zoning continues to impede intensification

Now that the Province has increased intensification and density targets in the GTA and plans to replace the Ontario Municipal Board with a Local Planning Appeal Tribunal, it’s more important than ever that municipalities update their zoning by-laws.






market

Demand for new homes continues to outpace supply and drive prices in the GTA

In April, demand for new homes in the GTA continued to outpace supply, and prices for all types of available new homes were up significantly.