new condos News and Articles | My Blog
Toronto new condo sales plummeted to lowest level since 1997 in first half of year: report
7/18/2024 | Posted in Ontario Real Estate by Paul DeAdder
New condominium sales plummeted to a 27-year-low during the first six months of 2024 as a “sharp downturn in construction starts” in Toronto continued to impact ... More
Ontario's pace of new home construction slows to 2018 levels
5/22/2024 | Posted in Canadian Housing Market by Paul DeAdder
Interest rates for builders and buyers playing into slowdown, putting dozens of housing projects on pause.
... MoreHousing starts down seven per cent in March from February: CMHC
4/16/2024 | Posted in Canadian Housing Market by Paul DeAdder
Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.
... MoreOttawa to allow 30-year amortization for first-time buyers' mortgages on new homes
4/11/2024 | Posted in Government and Regulation by Paul DeAdder
Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians ... More
Canada homebuilding down for third year, housing agency predicts
4/4/2024 | Posted in Canadian Housing Market by Paul DeAdder
Canadian homebuilders are expected to dial back new construction for a third straight year in 2024 as elevated borrowing costs reduce the appeal of starting projects, ... More
Trudeau offers billions to boost homebuilding - with strings attached
4/2/2024 | Posted in Government and Regulation by Paul DeAdder
Prime Minister Justin Trudeau is pressuring Canada’s provinces to remove barriers to building more housing, including requiring them to freeze municipal development ... More
Housing starts increase in February
3/18/2024 | Posted in Canadian Housing Market by Paul DeAdder
Canada Mortgage and Housing Corporation (CMHC) has reported an increase in the pace of home construction across the country.
... MoreListings up, sales down in slow GTA high-density land market: Myers
3/11/2024 | Posted in Commercial Real Estate by Paul DeAdder
The Greater Toronto Area (GTA) condominium market has softened considerably since April 2022, especially during the past six months.
... More1 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
Condo boom puts Toronto atop Crane Index ... again
4/13/2020 | Posted in Commercial Real Estate by Paul DeAdder
The booming Greater Toronto Area has again taken top spot on the North American Crane Index, with the region hosting an astounding 27 per cent of the cranes counted in 14 of ... More
Canadian housing starts unchanged in January
2/10/2020 | Posted in Canadian Housing Market by Paul DeAdder
The national trend in housing starts essentially held steady in January.
... MoreCanadian housing starts trended lower in December
1/10/2020 | Posted in Canadian Housing Market by Paul DeAdder
There was a decline in the 6-month moving trend in Canadian housing starts in December.
... MoreGTA 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.
... MoreFive Things Every New Condo Buyer Should Know
1/3/2020 | Posted in Home Buyers by Paul DeAdder
Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer.
... MoreNo 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%
... MoreCanadian Housing Starts Jump To Highest Level Since 2007
7/11/2019 | Posted in Canadian Housing Market by Paul DeAdder
Canadian housing starts trended higher in June, primarily due to higher trending row and apartment starts, in urban areas.
... MoreNew 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 home sales jumped 123% in April
6/6/2019 | Posted in GTA Real Estate by Paul DeAdder
There was some better news for the new homes market in the Greater Toronto Area in April as sales jumped 123% year-over-year.
... MoreGTA Condo Construction Hits Record High in Q1 2019
5/3/2019 | Posted in GTA Real Estate by Paul DeAdder
A report issued yesterday by market analysis experts Urbanation shows a continued decline in Greater Toronto Area (GTA) new development launches and sales, occurring at the ... More
Last-minute amendment saves construction industry
4/22/2019 | Posted in Toronto Real Estate by Paul DeAdder
Toronto’s construction industry may have just averted a calamity.
... More1 in 10 new Toronto condos are owned by non-Canadian residents
4/16/2019 | Posted in Toronto Real Estate by Paul DeAdder
A staggering new analysis of foreign-owned residential properties in Canada reveals that at least 10 per cent of all condos built in Toronto between 2016 ... More
GTA sees new home sales begin on a good note this year
2/27/2019 | Posted in GTA Real Estate by Paul DeAdder
BILD announced earlier this week that GTA new home sales volume increased by 14% annually in January, reaching 1,362 transactions.
... MoreNew condo sales in the GTA have slipped back to average levels
2/4/2019 | Posted in GTA Real Estate by Paul DeAdder
Sales of newly-built condos in the Greater Toronto Area fell back to more normal levels in 2018 following the stellar performance of the previous year.
... More'No more detached homes for you' economist tells Canada
1/17/2019 | Posted in Canadian Housing Market by Paul DeAdder
In the not so distant past, Canadian contractors were building more single-family homes than multi-family homes, such as condo apartments.
... MoreGTA new home sales post best month of 2018 so far
11/28/2018 | Posted in GTA Real Estate by Paul DeAdder
October brought some positives for the new homes market in the Greater Toronto Area with sales and openings gaining.
... MoreCondo affordability propels market share (and price) to peak levels in the GTA in 2018
11/14/2018 | Posted in GTA Real Estate by Paul DeAdder
Condo affordability is fuelling the rise of vertical growth, with resale condominium apartments and townhomes in the Greater Toronto Area (GTA) now representing almost 37 per ... More
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.
... MoreNew GTA condo prices up 11% despite increased supply
11/1/2018 | Posted in GTA Real Estate by Paul DeAdder
Condo prices continue to rise in the Greater Toronto Area even as new supply eases inventory pressures.
... MoreGTA new home sales jumped in September
10/28/2018 | Posted in GTA Real Estate by Paul DeAdder
There was an improvement in sales of newly-built homes in the Greater Toronto Area last month.
... MoreCondos remain dominant in GTA new homes market
7/30/2018 | Posted in GTA Real Estate by Paul DeAdder
The GTA new homes market is still all about condos even as prices rise while single-family home prices ease.
... More