A prolonged lumber shortage this year is expected to add anywhere from $5,000 to $10,000 to the price of a single-family home, StatsCan said.Read More
A flood of Toronto residents leaving their downtown condos in search of more space and greater affordability is causing a domino effect across Southern Ontario real estate that is being felt as far away as Fort Erie.Read More
In this episode of ‘How’s the market?’ we look back at the last ten weeks of hyperactivity, an increasing List Price to Sales Price ratio and spend a bit of time looking at average winning Bully Offers.Read More
At the start of the pandemic, economists expected the recovery of the housing market to take about 18 months, but remarkably, within three months, it went from a complete shutdown to normal volumes again.Read More
686 residential homes were sold in August, the most ever recorded for the month.
August’s home sales represent an increase of 48% compared to the same month last year.
The previous ten-year average number of residential sales for August is 470.
There are six notable regions across Ontario currently offering friendlier average home prices than what you’ll see in and around Toronto.Read More
Canada’s real estate industry has seen a smaller impact than the general economy during the pandemic.
Residential investment is residential real estate’s direct contribution to the economy.
It includes the construction of new houses, major renovation, and ownership transfers.
Drops in residential investment are considered red flags for the economy.
Residential investment as a percent of GDP in Q2 increased to 7.48% This is up from 7.25% last year.Read More
Canada’s real estate markets have seen prices soar, but condos are getting left behind. Canadian Real Estate Association (CREA) data shows only five major markets saw condo prices hit a new peak in July.Read More
In the world of real estate, we always talk about average this and that. We talk about the market as a whole (which is doing very well in every Canadian market). Link. But in most major markets, rental rates are down and the number of condos listed for sale last month are up. The entry level market is hot, but the number of families moving into the region is a little flat.Read More
Canadian real estate buyers are shrugging off the pandemic, as a temporary inconvenience. Canadian Real Estate Association (CREA) data shows prices made a huge…Read More