"Historically Busy" November Still Not Enough For Housing Starts
November marked the third month of increases in housing starts across Canada, but numbers remain too low to get on track to restoring housing affordability.| Storeys
November marked the third month of increases in housing starts across Canada, but numbers remain too low to get on track to restoring housing affordability.| Storeys
A week ago, Statistics Canada released new data on the New Housing Price Index that showed October saw the largest month-over-month decline in new home prices in the last 15 years. The decrease was -0.4%, the largest since April 2009, but also the latest in a now 23-month long trend of steadily decl...| Storeys
It was more of the same for new home sales in November: "The GTA new home market continued to languish," says Edward Jegg, Research Manager with Altus Group, the company that analyses market data for the Building Industry and Land Development Association's (BILD) monthly new home marker report.Consi...| Storeys
The most recent data from the Building Industry and Land Development Association shows that new homes sales in the GTA remained low in September, representing "another slow month [...] despite three successive Bank of Canada rate cuts," said Edward Jegg, Research Manager with Altus Group.There were ...| Storeys
On Tuesday, Vaughan Mayor Steven Del Duca and Members of Council approved substantial reductions in development charge rates in the name of encouraging development and building more homes for their growing population.Before the reductions, Vaughan had some of the highest development charges in the G...| Storeys
Explore how mortgages work in Canadian real estate, what terms they include, and how buyers qualify, repay, and manage home loans.| Storeys
After Toronto and Vancouver real estate boards posted striking year-over-year increases in home sales for October — 44% and over 30%, respectively — it appears they're not alone, as the Canadian Real Estate Organization (CREA) reported Friday that nationwide sales in October were the highest they've...| STOREYS
