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.






onecole

Provincial budget needs to include transit funds

The Ontario government is set to table its budget next week and now, more than ever, the funding of transit infrastructure across the GTA needs to be a major component of it.






tower

Above-average year for GTA new-home sales

Strong demand for new homes in the GTA resulted in the third-highest sales year in the past decade.






tower

What will it take to rein in housing prices?

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.