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.






160125_Heartwood

Mid-rise housing can help ease supply challenges

Building more mid-rise housing is one of the potential solutions being talked about to help ease our housing supply challenges in the GTA.






buildings

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.






market

Record year for the GTA new homes market

In the GTA new homes market, 2016 was a record setting year for low inventory, high prices and high-rise condo sales.






landmarks

Lack of housing supply and eroding affordability challenge the GTA

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.






workers2

Record low supply, high prices for new homes in the GTA

April was another record-breaking month for the GTA’s new homes market. Low-rise inventory levels dropped to an all-time low while prices hit new highs.






home-sales

GTA new detached homes eclipse $1 million mark

The average price of new detached homes in the Greater Toronto Area has surpassed $1 million for the first time.






townhomes

Federal funding for housing and transit good news

The recent federal budget included funding for public transit and affordable housing and that’s good news for the GTA.






homebuyer

New and resale homes combine for record year but supply still an issue

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.