Amid daunting borrowing conditions, unrelenting prices, and sales that have sagged to close to a 30-year low, new condominium inventory continues to sweat on the Greater Toronto and Hamilton Area’s market, new data from Urbanation shows. The research and consultancy firm released its latest analysis...| Storeys
“Development charges increase the cost of homes for everyone. They are a housing tax. During a housing crisis, we don’t think you should raise taxes on housing,” said Housing Minister Sean Fraser of the City of Ottawa’s decision to increase development charges by up to 13% in May.The message, delive...| Storeys
"Sales gains are now three for three in the months following interest rate cuts, which is a trend even though the increases weren’t headline-grabbing,” said Shaun Cathcart, CREA’s Senior Economist in the Canadian Real Estate Association's (CREA) September statistics report. The report shows that hom...| Storeys
In June, Toronto Regional Real Estate Board (TRREB) reported more than an 80% year-over-year increase in active condo listings. This month, the market continued in its lopsided fashion with July seeing a nearly 64% increase in active condo listings compared to the same month last year.Active condo l...| 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
Understand housing affordability in Canadian real estate — how it's measured, why it matters, and what impacts access to affordable housing.| Storeys
Explore amortization in Canadian real estate, how it affects mortgage repayment, interest costs, and homeownership planning.| 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
This morning, Minister of Finance Chrystia Freeland announced two new reforms intended to make homeownership more attainable and affordable for Canadians: raising the price cap for insured mortgages by $500,000 and greatly expanding eligibility for 30-year mortgage amortizations.The reforms build up...| STOREYS
It took a minute, but it seems that interest rate cuts are beginning to show up in Toronto’s housing market. The latest figures from the Toronto Regional Real Estate Board (TRREB), released Tuesday morning, show that there were 5,391 home sales recorded over the course of July, marking a 3.3% increa...| STOREYS
