Toronto Real Estate Board President Mark McLean announced on November 5, 2015 that Greater Toronto Area REALTORS® reported 8,804 home sales through TREB's MLS® System in October 2015, the best result on record for the month of October.
At this year's Toronto Housing Outlook Conference (#HOCTO), titled 'Your Guide to Toronto's Housing Market', CMHC housing market analysts provided an in-depth forecast for 2016, and explained how economic and demographic trends will impact the housing market in the Toronto Census Metropolitan Area (CMA).
Chartwell Retirement Residences announced on October 29, 2015, that it entered into a definitive agreement to acquire five premier retirement residences located in Ontario for an aggregate purchase price of $254.0 million from five separate groups of vendors.
Sales of commercial real estate assets in the Greater Toronto Area (GTA) continue to fluctuate quarter-over-quarter. Despite a strong showing by the office sector, sales declined in the industrial, retail, ICI land and multi-residential sectors. Consistent, however, are historically low interest rates, plentiful capital, constrained product supply and competitive bids (especially from foreign buyers), resulting in historically low cap rates.
An excess of regulations has made Oakville and Toronto among the most difficult communities in which to build new housing in the Greater Golden Horseshoe, according to a survey of homebuilders released on Wednesday, October 14, 2015 by the Fraser Institute, an independent, non-partisan Canadian policy think-tank.
The Ontario Ministry of Municipal Affairs and Housing has indicated that they are going to make buying a home even harder by giving every municipality province-wide the power to charge a Municipal Land Transfer Tax (MLTT), a change that will double the land transfer taxes consumers have to pay on their next home.
A new report shows how small-scale housing options can help close the affordability gap.
Canada Mortgage and Housing Corporation (CMHC) released its Housing Market Assessment (HMA) report formerly known as the House Price Analysis and Assessment (HPAA) on October 29, 2015 that evaluates the extent to which there is evidence of problematic housing market conditions in 15 Census Metropolitan Areas (CMAs).
The Canadian real estate market is in a period of transition and the factors that have traditionally driven the market are changing according to Emerging Trends in Real Estate® 2016, jointly released by PwC Canada and the Urban Land Institute (ULI)