cranes

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.






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

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.






buildings

2016 a record year for GTA new high-rise sales

More than 35 million people now call Canada home, according to data released by Statistics Canada last week. That’s five per cent growth since 2011, when the population was 33.5 million, the highest rate of growth among G7 countries.






housekeys

Governments need to address the GTA’s housing supply crunch

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.






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.






Massey

Bringing new life to old space

As we build to the Province’s intensification policies more development is occurring in existing GTA communities and more heritage buildings are being integrated into new developments.






market

Housing prices continue to grow as supply trends downwards

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.






home-sales

The rising cost of constrained housing supply

The shortage of housing supply in the GTA and Vancouver is getting more and more attention as prices continue to climb.






renovate

Renovation grants offer savings to homeowners

There are numerous grants available to homeowners in the GTA to make their renovation easier financially.