We may now be three interest rate cuts in (with a fourth anticipated for next week), but rates have already left an indelible mark on the Greater Toronto and Hamilton Area’s new condominium market. In fact, over the past two years, 33 new condo projects that were actively selling have been converted...| Storeys
In light of Toronto and Vancouver's condominium conundrum, where prices for shoebox units remain high despite plummeting sales and rising inventory, Statistics Canada has released data demonstrating the role that investors may play in the issue.According to StatsCan, investors owned 65% of Toronto's...| Storeys
The gap between the growth in GTA housing stock and the region's population is the widest it has been in over 50 years, according to the Building Industry and Land Development Association's (BILD's) 2024 GTA Municipal Benchmarking Study.Back in 1972 — the year this data began being collected — the p...| Storeys
Understand housing supply in Canadian real estate — how it's shaped, why shortages happen, and what it means for affordability and planning.| Storeys
Data from Urbanation and CIBC highlights the fact that the GTA is “facing the most significant test since the 1991 recession,” and condo investors are feeling it hard.| Storeys
Explore how mortgages work in Canadian real estate, what terms they include, and how buyers qualify, repay, and manage home loans.| Storeys
Learn what interest rate means in Canadian real estate, how it works in holding deposits and documents, and why it's important for a secure property transaction.| Storeys
New condo launches have been sparse in the Greater Toronto and Hamilton Area amid the higher interest rate environment. In fact, there was just one high-rise condo launch to speak of in the first few months of this year, which is atypical for the region. And it seems that things have gone from bad t...| STOREYS
In a widely anticipated move, the Bank of Canada (BoC) has announced another quarter-point decrease to its policy interest rate, bringing it down to 4.25%. This marks the third consecutive meeting to culminate in a quarter-point cut.“In Canada, the economy grew by 2.1% in the second quarter, led by ...| STOREYS