Industry News
GTA home sales rose 8.5 per cent in August
Home sales in the Greater Toronto Area increased 8.5 per cent year-over-year to 6,839 units in August 2018, reports the Toronto Real Estate Board (TREB).
Ontario utilities to stop collecting carbon tax
The Ontario Energy Board must provide direction before the levy can be removed from natural gas bills.
Former bread factory to become Wonder Condos
Graywood Developments and Alterra have teamed up to redevelop a former bread factory into commercial space and hard lofts as part of a larger development.
Great Gulf raises funds for Youth Bipolar Disorder
A recent golf tournament put on by Great Gulf raised a record $209,378 for Youth Bipolar Disorder at Sunnybrook Health Sciences Centre.
Slower sales in July for GTA new home market
Sales of new homes in the GTA slowed in July as prices held steady, according to the Building Industry and Land Development Association (BILD).
Tridel reveals first smart condominium at Ten York
Tridel has unveiled its first smart condominium, a newly completed 69-storey development, at Ten York, located in downtown Toronto.
Stronger national sales activity recorded in July
Canadian home sales climbed 1.9 per cent from June to July 2019, according to statistics released by the Canadian Real Estate Association (CREA).
GGH tech hubs, transit opens door for development: Altus Group
Significant affordability challenges in the GTA and tighter mortgage rules are increasingly causing prospective home buyers to look for dwellings in the GGH.
High-density land in the GTA traded at $92/sf in Q2
High-density land in the GTA traded hands at an average of $92 per buildable square foot in Q2-2018, according to a report
National housing starts trend down in July
The national trend in housing starts declined slightly to 219,988 units in July 2018, down from 221,738 units in June 2018, according to CMHC.
City of Guelph selects Windmill for Baker District redevelopment
The City of Guelph has selected Windmill Development Group as its preferred partner for the Baker District project in downtown Guelph.
GTA home sales surge 18.6 per cent in July
In July 2018, the GTA experienced strong growth in both the number of home sales and the average selling price, reports the Toronto Real Estate Board.
Former chief planner launches mayoral campaign
Jennifer Keesmaat is campaigning to become the next mayor of Toronto, the city she formerly served as chief planner.
GTA condo starts set Q2 record as sales slow
Condominium construction starts in the GTA reached a record 7,981 units in Q2-2018, according to Urbanation Inc.’s recent quarterly condo market results.
National housing market remains highly vulnerable: CMHC
Canada’s overall housing market remains highly vulnerable, mostly due to evidence of overvaluation and price acceleration, finds CMHC.
Tower crane use up 10 per cent nationally
According to Rider Levett Bucknall’s Crane Index, a nearly 10 per cent increase in tower cranes in Toronto confirms the fast pace of urban building.
GTA new condo sales outpace other home types
New condominium apartment sales in the GTA continued to outpace new single-family home sales in June despite an increase in condo prices, reports BILD.


