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
storeys.com ‘Issue of the Year’ is part of STOREYS' annual editorial year-end series. You can find the rest of our 2024 selections here as they're released throughout the week.Once hailed as ‘king,’ condos (in particular, new condos) in Canada...| Storeys
It’s estimated that up to 3,000 condominium units can be moved through the development review pipeline with the proposed development charges deferral.| Storeys
While Toronto and the wider Greater Toronto Area's (GTA) resale market began showing signs of life in October, data from the Building Industry and Land Development Association (BILD) shows new homes sales remained "notably low."In total, there were 765 new home sales recorded in Toronto and the GTA,...| Storeys
On Wednesday, Mississauga City Council approved a motion from Mayor Carolyn Parrish to make housing more affordable by temporarily lowering development charges and reducing property taxes for new purpose-built rental housing.The incentives closely follow the release of a report from the Mayor's Hous...| Storeys
