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.






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Paying tribute to an industry titan

The home building and land development industry in the GTA is shaped and driven by an amazing group of exceptional visionary and hardworking city builders.






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37th annual BILD Awards Winners

A complete list of winners from the 37th annual BILD Awards.






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Purpose-built rentals can help address housing demand

After years of being dormant, the purpose-built rental market is starting to come to life again as more developers consider building rental housing but there are still many challenges in the way.






market

GTA new housing supply crisis continues to shatter market records

In March, the GTA’s housing supply challenges resulted in record smashing prices, continued unprecedented inventory scarcity, and a never seen before level of new condo apartments sales.






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The Housing Market and Unintended Consequences

The just released new housing market data for February are both encouraging and discouraging. The data, provided by our official source of new home market intelligence Altus Group, shows record sales for the condominium market, especially in the 905 Region, and it shows an unprecedented scarcity of new housing inventory, particularly for low-rise homes.






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Our housing supply crisis would be worse without the OMB

The Ontario Municipal Board (OMB) is independent arbitration body that provides a public forum for appeals on local land-use planning matters and it is an important part of the checks and balances that make our land-use planning process fair, transparent and accountable.






market

Record month for condo sales as low-rise inventory drops to unprecedented scarcity

February was a record breaking month for new condo apartment sales in the GTA, while the number of new low-rise homes available to buy reached unprecedented levels of scarcity.






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Government needs to recognize our housing supply problem

The provincial government recently promised action on skyrocketing hydro rates, now we need them to turn their attention to our housing supply crisis and resulting pricing challenges in the GTA.






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New ground-oriented homes surpass $1 million

The average price of available new single-family ground-oriented homes in the GTA has now surpassed $1 million.