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New home sales in Toronto remain low in September despite interest rate cuts: report
10/28/2024 | Posted in New Developments by Paul DeAdder
New home sales in the Greater Toronto Area remained sluggish last month, but a new report suggests that the market is now primed for buyers following four consecutive interest ... More
Canada Building Permits Surge in July, Far Exceeding Expectations
9/13/2024 | Posted in New Developments by Paul DeAdder
The total value of building permits surged by 22.1% month-over-month to $12.39 billion in July 2024, far exceeding market expectations of a 2.5% increase, following an upwardly ... More
Cranes Are... Dropping? UrbanToronto Reports the Crane Count for Q1 2024
5/2/2024 | Posted in New Developments by Paul DeAdder
As of the beginning of April, 2024, 324 cranes towered over the skies of the Greater Toronto and Hamilton Area (GTHA), representing a slight, but persistent, downward ... More
Single-detached housing starts down 25% from last year: CMHC
10/5/2023 | Posted in New Developments by Paul DeAdder
The number of new single-detached houses under construction in the first half of 2023 was down 25% compared to last year.
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GTA new home sales activity hovers near-record lows
9/22/2023 | Posted in New Developments by Paul DeAdder
August activity at more than 60% below the region's 10-year average sales level
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1 in 5 homebuilders are nixing projects amid high rates. Here are your rights
8/18/2023 | Posted in New Developments by Paul DeAdder
Many Canadian homebuyers waiting patiently for construction to finish on their pre-sale unit are being met with cancellation notices from developers. The building environment ... More
Rising interest rates a factor as new homes sales dip in GTA: BILD
7/24/2023 | Posted in New Developments by Paul DeAdder
Although new home sales in the Greater Toronto Area were up in June, the Building Industry and Land Development Association (BILD) says sales have dipped “significantly ... More
Investment in residential construction was flat in January
3/24/2020 | Posted in New Developments by Paul DeAdder
Building construction investment in Canada edged higher in January with a 0.5% rise compared to the previous month.
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GTA new homes market busier than normal: BILD
1/7/2020 | Posted in New Developments by Paul DeAdder
There was strong demand for newly built homes in the Greater Toronto Area in November, the latest month of data released by Altus Group.
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Canadian housing starts were flat in November says CMHC
12/10/2019 | Posted in New Developments by Paul DeAdder
There were some slight increases but the 6-month trend was essentially unchanged
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No signs of overheating in the GTA's new home market
11/5/2019 | Posted in New Developments by Paul DeAdder
New single-family home sales in the Greater Toronto Area increase a whopping 283%
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There was a 19% jump for multifamily building permits in August
10/8/2019 | Posted in New Developments by Paul DeAdder
The value of building permits issued by Canadian municipalities rose 6.1% to $9.0 billion in August, largely because of increases in multi-family and industrial permits. Gains ... More
New GTA home sales jumped 94% in May compared to a year earlier
6/27/2019 | Posted in New Developments by Paul DeAdder
There was strong activity in the Greater Toronto Area’s new homes market in May: 4,794 new homes were sold in the month, up 94% ... More
GTA new single-family home sales jumped 147% in February
3/27/2019 | Posted in New Developments by Paul DeAdder
Yet sales were still well below the 10-year average, while benchmark prices showed slight moderation from the previous month.
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Annual pace of housing starts picked up in October, topping economists' expectations
11/13/2018 | Posted in New Developments by Paul DeAdder
The increase came as the annual pace of urban starts climbed by 8.6 per cent in October to 191,964 units.
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Condo buyers will bear the brunt of Canada-U.S. trade war
7/6/2018 | Posted in New Developments by Paul DeAdder
Canada's steel tariffs will significantly increase the prices of structural steel products.
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Housing starts near 10-year high on Toronto condo boom
12/10/2017 | Posted in New Developments by Paul DeAdder
Canada Mortgage and Housing Corp. says the pace of housing starts picked up in November, with condo building in Toronto driving the trend.
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Home construction picks up in July, driven by buildings, condos, CMHC says
8/10/2017 | Posted in New Developments by Paul DeAdder
The federal housing agency says home construction picked up last month. The annual pace of urban home construction increased by 5.5 per cent to 206,122 units, driven by a ... More
CMHC reports annual pace of housing starts in Canada picks up in December
1/10/2017 | Posted in New Developments by Paul DeAdder
Canada Mortgage and Housing Corp. says the seasonally adjusted annual pace of housing starts in December came in at 207,041 units, up from 187,273 in November.
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Canada's May building permits fall, declines across all major projects
7/8/2015 | Posted in New Developments by Paul DeAdder
Canadian building permits fell more than economists forecast in May, with declines across all major types of projects from hospitals to condominiums and industrial sites.
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