Housing Market
CondoBusiness
4 in 10 Ontario parents helped buy child’s first home
According to a new poll from OREA, 4 in 10 Ontario parents helped their adult child purchase their first residential property.
CondoBusiness
Condo market offers hope amid housing woes
Those seeking more affordable housing options are finding a cure-all in the condo market, which offers affordability, availability, amenities, and neighbourhood liveability.
REMI Network
Housing market more vulnerable to downturn
Canada's housing market has reaching a new vulnerability high as homes prices accelerate alongside ongoing overvaluation.
CondoBusiness
Home buyers mull alternatives in overheated market
Some Canadians who are dreaming of buying a home are considering their options as housing prices remain out of reach in many markets over the past year.
REMI Network
Condos low on list for boomers thinking of buying
A new survey from Royal LePage found that 35 per cent of this cohort is thinking of buying a home in the next few years.
REMI Network
GTA condo sales above 10-year average
Condos, including units in low, medium and high-rise buildings, stacked townhouses and loft units, accounted for 2,396 new home sales in May.
REMI Network
GTA condo price rises by 44% since 2017 housing peak
Condos have appreciated more than any other housing type in the GTA when comparing the average price from the housing peak in 2017 to today.
REMI Network
Stricter mortgage stress test won’t quell buying frenzy anytime soon
While it’s hard to predict the consequences of the new stress test, the move isn’t necessarily a silver bullet for a cooler housing market, experts say.
REMI Network
Urban exodus in Ontario may be exaggerated
Small-town life appeals to only 18 per cent of big city residents who are considering selling their home in the next year.
REMI Network
Scarborough home values climb most during COVID
Properties purchased in Scarborough in the six months prior to COVID-19 have jumped in value by 25 per cent—appreciating more than other parts of Toronto, including the downtown core.
REMI Network
GTA home sales and listings down in April
Even though home sales in the GTA dropped 12.7 per cent in April compared to March, the market is still going strong.
REMI Network
Feds greenlight ‘vacant home’ tax for foreign buyers
As of January 2022, the government is applying a 1 per cent annual tax on the value of non-resident and non-Canadian owned properties that are “vacant or underused.”
REMI Network
Extreme sellers’ market expected to let up in 2021
Although potential homebuyers may face less competition as the year goes on, a housing supply crisis looms in the background as prices go up and the population grows.
REMI Network
Canadians see dismal future for homeownership
Beyond the hot housing market, 36 per cent of the under-40 crowd are abandoning their dreams of ever owning a home.
REMI Network
GTA home prices rise by up to 48% since COVID
Many people are relocating out of Toronto to the suburbs, driving home prices up. Here's where the highest appreciation is occurring.
REMI Network
Strong housing market to power through 2021
Some analysts predicted that mortgage defaults would rise during the pandemic, but this hasn't been the case.
REMI Network
One quarter of millennials bought a home during COVID
About 40 per cent have already racked up savings since the pandemic began, according to a new survey. The majority say remote work has made it more likely they will move further from employers.
