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Toronto Home Sales and Average Selling Price Up Year-Over-Year

Toronto Home Sales and Average Selling Price Up Year-Over-Year

by Phil Hall | Jul 6, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Last month’s home sales and the average selling price in the Greater Toronto Area (GTA) were above last year’s levels, according to data from GTA Realtors. The GTA market recorded 7,481 sales through the Toronto Regional Real Estate Board’s (TRREB) MLS System, up...
Application Portal Open for Canada’s Housing Accelerator Fund

Application Portal Open for Canada’s Housing Accelerator Fund

by Phil Hall | Jul 5, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canada Mortgage and Housing Corp. has launched an application portal for the Housing Accelerator Fund (HAF). The HAF is a $4 billion initiative designed to provide funding to cities, towns, and indigenous governments to develop new housing supply, with the goal of...
Canadian Housing Starts Down Again

Canadian Housing Starts Down Again

by Phil Hall | Jun 19, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Housing starts in Canada were down for the seventh consecutive month, according to data from the Canada Mortgage and Housing Corp. (CMHC). The standalone monthly seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada declined 23% in May...
Hits and Misses for the Real Estate Week of June 5-9

Hits and Misses for the Real Estate Week of June 5-9

by Phil Hall | Jun 9, 2023 | Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Canada burns while America chokes, a lone voice calling for GSE reform and a blip of good news on affordable homeownership. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Miss: Trudeau Fiddles While Canada Burns. Most...
Survey: 1 in 4 Canadians Plan to Buy Investment Property in Next 5 Years

Survey: 1 in 4 Canadians Plan to Buy Investment Property in Next 5 Years

by Phil Hall | May 25, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canadians have looked to the future and roughly one in four plan to buy investment property over the next five years. According to a new survey from Royal LePage, 11% of Canadians – approximately 4.4 million people – currently invest in residential real estate. Of...
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