After more than two years of steadily declining inventory, last month saw a significant jump in active listings, up 64% versus March, and in line with last April. As a result, the supply of homes for sale increased from 0.7 months to 1.1 months, still very deep in sellers’ market territory, but roughly in line […]
Home Buyer Resources
GTA Market for Rental Properties Growing Stronger
A recent report conducted by Ryerson University’s Centre for Urban Research and Land Development found that Toronto is the fastest-growing city in Canada and the U.S. by a huge margin. Immigrants are being attracted in droves by employment opportunities – for example, in the first half of 2019 alone, 81,600 new jobs were added and, on a […]
Torontonians Moving Less Often
A study by Ryerson University’s Centre for Urban Research and Land Development has shown that Canadian homeowners in major urban centres moved less often in 2016 than in 2006, with the largest change (-7.6%) in the Toronto area. While renters also moved less often, the reduction in moving frequency was much less than for homeowners. The […]
Millennials Dream of Home Ownership
Millennials are facing significant affordability challenges, but they definitely haven’t given up the dream of home ownership. HSBC’s annual “Beyond the Bricks” survey shows that 34% of Canadian millennials own their own home, and 83% intend to buy within the next five years, although slow salary growth and increasing home prices will make that goal […]
Three Sanity-Saving Tips For Moving-In Day
No matter how intensely you prepare for moving day, you may still face problems if you overlook three sanity-defeating challenges. Can you and your partner really think clearly when swamped by distractions, exhaustion, and disorientation? If the ramped-up activity of moving day represents less pressure than a typical day for you, you’ll probably find your upcoming move-in […]
Ontario Government ‘More Homes, More Choice’ Act
On June 6, the Ontario Government passed new legislation to deal with the housing crisis through a five point plan: 1. Speed: cut out government bureaucracy that slows down the development process; 2. Cost: encourage developers to build more housing by reducing the layers of permits, government approvals and charges by municipalities and making these […]
