GTA new home sales dipped in 2022, affected by interest rates, monetary policy
Posted: Jan 27th, 2023In: ConstructionNewsAccording to the Building Industry and Land Development Association (BILD), 2022 saw the Greater Toronto Area (GTA) experience the lowest level of new home sales since 2018. Altus Group, BILD’s official source for new home[...]
Read More about GTA new home sales dipped in 2022, affected by interest rates, monetary policyRenting increased by three times the rate of home ownership in last decade: RBC
Posted: Dec 12th, 2022In: ConstructionNewsTORONTO – Royal Bank of Canada economists say the country has reached a record number of renters as the number of people renting has increased at three times the rate of homeowners in the past[...]
Read More about Renting increased by three times the rate of home ownership in last decade: RBCB.C. government to bring in rental changes, supply laws to boost housing
Posted: Nov 27th, 2022In: ConstructionNewsVICTORIA – The British Columbia government has introduced sweeping changes to boost the housing supply, and while local governments say they want to do their part, they’re concerned about effects the laws will have on[...]
Read More about B.C. government to bring in rental changes, supply laws to boost housingCMHC says annual pace of housing starts slowed in October
Posted: Nov 16th, 2022In: ConstructionNewsOTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts slowed in October from its high for the year reached in September. The national housing agency says the seasonally adjusted annual[...]
Read More about CMHC says annual pace of housing starts slowed in OctoberStats Canada says Canada’s homeownership rate fell in latest 2021 census release
Posted: Sep 23rd, 2022In: ConstructionNewsOTTAWA – Canada’s homeownership rate is on the decline, with young adults in particular less likely to own a home in 2021 than they were in 2011, says Statistics Canada. According to the latest census[...]
Read More about Stats Canada says Canada’s homeownership rate fell in latest 2021 census releaseCMHC reports annual rate of housing starts in August down from July
Posted: Sep 20th, 2022In: ConstructionNewsOTTAWA – Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed compared with July. The national housing agency says the seasonally adjusted annual rate of housing starts in August[...]
Read More about CMHC reports annual rate of housing starts in August down from JulyGTA new condo sales slow, 10,000 to be delayed: Urbanation
Posted: Aug 3rd, 2022In: ConstructionNewsGreater Toronto Area (GTA) new condominium sales totaled 6,792 units in the second quarter, declining 19% from the first quarter and 24% year-over-year but remaining above the 10-year average of 6,302 sales, according to Urbanation[...]
Read More about GTA new condo sales slow, 10,000 to be delayed: UrbanationHome Prices See Steady Rise Across Canada in H1: CENTURY 21
Posted: Jul 28th, 2022In: ConstructionNewsA press release from CENTURY 21 Canada states that while interest rates have been on the rise for the past few months, the Canadian housing landscape continued to see pricing growth during the first six[...]
Read More about Home Prices See Steady Rise Across Canada in H1: CENTURY 21Roommates, multi generational homes rising amid increasing costs, immigration: census
Posted: Jul 20th, 2022In: ConstructionNewsTORONTO – When Gina Athanasiou’s father died in 2016, she realized her mother, who bounced between Canada and Greece for most of her life, didn’t have a pension large enough to cover the soaring costs[...]
Read More about Roommates, multi generational homes rising amid increasing costs, immigration: censusRecord-setting year for residential construction industry: CHBA report
Posted: Jun 25th, 2022In: ConstructionNewsThe Canadian Home Builders’ Association (CHBA) has released its annual report on the performance of Canada’s residential construction industry, which according to the association, details a record-setting year for the industry in its contribution to[...]
Read More about Record-setting year for residential construction industry: CHBA report