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Blog Archives

GTA new condo sales “very encouraging”

Sales of newly-built condos in the Greater Toronto Area totalled 2,003 in May, accounting for the bulk of the 2,345 total new home sales. While condo sales were 47% below May 2017’s record high, they were just 1% behind the 10-year average for May. “May new condominium apartment sales were very encouraging,” noted Patricia Arsenault, Altus Group’s Executive Vice-President, Research Consulting Services. “Not only …

News Jun 22, 2018 0 Continue Reading

Young Canadians want to own a home but aren’t pl...

The dream of owning a home is still very much alive among Canadian millennials, but when it comes to saving for it they are lagging. A new poll of 18-37 year-olds by CIBC has found that 46% intend to buy a home in the next five years but 76% have yet to start saving or have saved less than a quarter of their down …

News Apr 26, 2018 0 Continue Reading

Toronto home sales see above average 12% monthly jump ...

Toronto area home sales rebounded by 12 per cent from September to October, pointing to a stronger fall market after a policy-driven pullback from a frenzied market that peaked earlier this year. The Toronto Real Estate Board said Thursday that 7,118 homes were sold in October, up from the month before but down 27 per cent from the same month last year. “Every year …

News Apr 13, 2018 0 Continue Reading

The risks of becoming a Google city

The rush to become a tech hub raises questions about Toronto’s independence and just who will control the city’s valuable Port Lands. Sidewalk Toronto is a joint effort by Waterfront Toronto and Alphabet’s Sidewalk Labs to create a new kind of mixed-use, complete community on Toronto’s Eastern Waterfront, beginning with the creation of Quayside, a 12-acre former industrial site at Queens Quay E. and …

News Apr 13, 2018 0 Continue Reading
Maziar moini

Toronto / GTA Market Report

Canada continues to experience strong GDP growth, with the latest monthly data from May 2017 showing that the economy grew by 0.6% month-over-month, or 4.6% year-over-year. This growth was consistent across 14 of the 20 sectors tracked. For good measure, the recently released IMF report on global economic growth indicates that Canada will lead all other G7 countries in GDP in 2017, with growth …

News Apr 13, 2018 0 Continue Reading
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