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.
The average price of available new single-family ground-oriented homes in the GTA has now surpassed $1 million.
We have a shortage of housing supply in the GTA that is approaching crisis levels and it’s time for governments to acknowledge the problem and take action to address it.
In the GTA new homes market, 2016 was a record setting year for low inventory, high prices and high-rise condo sales.
Lack of new housing supply continues to escalate prices and average prices for both new single-family detached houses and high-rise condos in the GTA reached unprecedented levels in November.
The shortage of housing supply in the GTA and Vancouver is getting more and more attention as prices continue to climb.
The Greater Toronto Area is in danger of becoming the next London or Palo Alto, places that are highly desirable but unaffordable for most people.
Prices for all types of new homes in the GTA continue to set records while sales of new high-rise homes are on pace for an unprecedented year.
Sales of new high-rise homes in the GTA are on pace for a record year.
Over the last 10 years, the average price of new ground-related homes in the GTA has more than doubled.