A colleague of mine sent me this Bloomberg article today and said, “Here’s an article about things you already know.” The article cites a recent report by Altus Group that compared government-related fees on new housing across Canada and the U.S. What they discovered will… Read More
This morning BILD and Altus Group released their January 2019 new home sales figures for the Greater Toronto Area. Here are the highlights: 1,362 new homes sold in January 2019 across the GTA. This is up 14% compared to last January. Of these, 942 (~69%)… Read More
February data (2018) for the new home market in the Greater Toronto Area was released this past week by BILD and Altus. I seem to have gotten into the habit of writing about this every month. The benchmark price for new low-rise single-family housing was… Read More
Altus Group just released its January (2018) sales figures for the new home market in the Greater Toronto Area. – 1,251 new homes sold last month. 886 of these (or 70.8%) were condominium apartments (everything from stacked townhouses to high-rises). – This is down from… Read More
Over the past 5 years or so, real estate headlines in the Greater Toronto Area have often focused on the rapid appreciation of low-rise housing. High-rise housing simply wasn’t appreciating at the same rate – at least in aggregate terms. But 2017 has brought a… Read More
BILD (the Building Industry and Land Development Association) just released its June 2017 data for the Greater Toronto Area’s new housing market. You can read the full release here. But I would like to point out a couple of things: About 91 percent of the… Read More
The Building Industry and Land Development Association (BILD) announced its February (2017) numbers today for the Greater Toronto Area. Here are some of the highlights: – At the end of February, there were 324 detached homes available in developer inventories. Ten years ago, this number… Read More
This morning BILD released its November new home data for the Greater Toronto Area. The story is one we’ve been hearing for a while. Supply is trending downward. It’s becoming harder to build. And prices are up. The average new detached house in this region… Read More
I just got home from the 34th annual BILD awards. It’s late and I’m tired, but I had a good time. TAS won a few awards, including green builder of the year, and I saw a lot of old friends and familiar faces. For those… Read More
