Canada’s most expensive new condo markets saw price gains cool in the most recent quarter. Statistics Canada (StatCan) data shows new condo apartment prices saw growth slow in Q2 2019. Both Toronto and Vancouver saw flat to negative price growth in the quarter. Ottawa and Victoria on the other hand, saw prices soar, with the […]
New housing construction is grinding to a halt across Canada. Canada Mortgage and Housing Corporation (CMHC) numbers show a sudden drop in new housing starts in September. The drop sent starts to the lowest levels in nearly two years, and here’s why that’s important for the economy. Here’s Why You Care About Housing Starts Housing […]
Toronto real estate is about to get a whole lot of supply. Canada Mortgage and Housing Corporation (CMHC) numbers show Toronto CMA is just under the all-time high for homes under construction. Over 3 out of 4 of those units under constructions are condo apartments. The number of condos under construction vs population increase ratio, […]
For better or worse, real estate is one of the most important drivers of the Canadian economy. Residential structure investment, the amount of capital deployed for building new housing, reached one of the highest ratios against Gross Domestic Product (GDP) ever. Great news for the housing industry, but a recession has always followed at this […]
Greater Toronto real estate prices have been soaring largely due to the perception of a shortage of land. Researchers from Neptis, a non-partisan urban research foundation, argue there’s plenty of land however. We’re not even using much of the land earmarked for development.
Toronto real estate is been plagued by a chronic shortage of supply… or is it? Recently we’ve been asked by a number of investors and developers whether they’ll be able to profitably create more supply in the Greater Toronto Area (GTA). That’s a tough question, and we’ll get to that on another day. In order […]
Toronto real estate prices are being pushed higher by supply… to an extent. Let’s get you started with a 10,000 ft view of the numbers.
Vancouver is seeing new construction prices fly to new highs, posting the second largest annual gain for the month of July.
New construction prices are dropping fast. Numbers from the Canada Housing and Mortgage Corporation (CMHC) show that new construction sale prices in Toronto have declined by various measures. Interesting enough, sales in July 2017 haven’t actually slowed down. Source: CMHC. Median Price of New Construction In Toronto Declines Over 20% The median price of new […]
Numbers from Statistics Canada claim it was more expensive to buy Vancouver real estate in 2008 than it is today. Here’s why that’s wrong.