new homes News and Articles | My Blog
Housing 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.
... MoreCanada witnesses decline in home construction rates, falling below pandemic-era numbers: report
10/6/2023 | Posted in Canadian Housing Market by Paul DeAdder
A recent report from the Canadian Centre for Policy Alternative(opens in a new tab) shows that new housing construction is at a lower level today than it was at the worst point ... More
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
... 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
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.
... 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%
... MoreBuyers of new GTA homes face $222K in government charges
9/18/2019 | Posted in GTA Real Estate by Paul DeAdder
According to a recent BILD report, these charges make a significant impact on affordability.
... 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.
... MoreHow Much Does It Cost to Build a House?
4/30/2019 | Posted in Home Buyers by Paul DeAdder
If you’re considering a custom-built home, here’s everything you need to know.
... MoreLast-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.
... MoreGTA 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.
... MoreNew home construction to decline for next two years, says report
3/20/2019 | Posted in Canadian Housing Market by Paul DeAdder
The construction of new homes in Canada will continue to decline for the next two years as the economy slows and higher interest rates weigh on consumers, according to a new ... 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.
... MoreGTA new homes sales plunge 40 per cent in 2018: Altus
2/1/2019 | Posted in GTA Real Estate by Paul DeAdder
Investment property sales in the GTA had their second-highest year ever at $21.1 billion, but the figure drawing the most attention in Altus Group’s Flash Greater ... 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.
... MoreGGH region forecast to lead growth in new home sales
1/10/2019 | Posted in Ontario Real Estate by Paul DeAdder
Sales of new homes should be positive in 2019 despite the challenges of affordability and interest rates.
... MoreGTA's new home market activity back to moderate level
1/2/2019 | Posted in GTA Real Estate by Paul DeAdder
The Greater Toronto Area (GTA) new-home sales and new project openings’ activities were back to typical levels in November after posting relatively strong results in ... More
Canadian Housing Starts Trend Increases in November
12/12/2018 | Posted in Canadian Housing Market by Paul DeAdder
The trend in housing starts was 210,038 units in November 2018, compared to 206,460 units in October 2018, according to Canada Mortgage and Housing Corporation ... More
Toronto region risks deficit of 165,000 new homes by 2041
12/12/2018 | Posted in Toronto Real Estate by Paul DeAdder
The Greater Toronto and Hamilton Area (GTHA) is at risk of missing provincial population targets, according to a report released today. This would potentially result ... More
GTA 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.
... MoreAnnual 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.
... MoreCMHC expects housing starts and sales to slide over next 2 years
11/7/2018 | Posted in Canadian Housing Market Predictions by Paul DeAdder
Income, employment support demand for housing, but they're expected to slow, agency says. Rising mortgage rates are also expected to affect housing demand and the ... More
