Record year for the Greater Toronto Area new homes market

    In the GTA new homes market, 2016 was a record setting year for low inventory, high prices and high-rise condo sales, according to the Building Industry and Land Development Association (BILD) . There were 29,186 new high-rise units sold across the GTA in 2016, more than in any previous year on record and 30 …

CMCH : Greater Toronto Area house prices affecting other markets

Increasing home prices in the Greater Toronto Area (GTA) are having a spillover effect in surrounding centres, particularly those within commuting distance, according to the Canada Mortgage and Housing Corporation’s (CMHC) latest Housing Market Insight (HMI) which reveals the relationship between GTA home prices and neighbouring markets. While most Ontario markets have seen substantial home …

Canadian home sales rise from November to December, says CREA

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in December 2016. Highlights ; -National home sales rose 2.2% from November to December. -Actual (not seasonally adjusted) activity in December was down 5.0% from a year earlier. -The number of newly listed homes …

Canadian home prices rise in December

The Teranet–National Bank National Composite House Price IndexTM rose 0.3% in December, thanks to monthly gains in eight of the eleven regions covered. The monthly advance exceeded the average of 0.1% for a month of December since the Index began in 1999. Prices were up in Toronto (+1.2%), Victoria (+1.2%), Quebec City (+0.6%), Calgary (+0.6%), …

CREA : Canadian home sales cool in November

According to statistics released by The Canadian Real Estate Association (CREA), national home sales were down on a month-over-month basis in November 2016. The number of homes trading hands via Canadian MLS® Systems declined 5.3 percent month-over-month in November 2016. This represents the largest monthly decline in activity since August 2012. As a result, the …

Canadian housing starts trend held steady in November, says CMHC

The trend measure of housing starts in Canada was 199,135 units in November compared to 199,641 in October, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. “Housing starts kept a steady pace in November as upward trends …

Ideally situated in Toronto’s dynamic new Bayside waterfront neighbourhood:Aquabella

Aquabella is being developed by Tridel and Hines  in Queens Quay East, Toronto. The new condo development is expected to complete in 2020.Aquabella is composed of 173 units. Ideally situated in Toronto’s dynamic new Bayside waterfront neighbourhood, Aquabella offers an exciting opportunity for immersion in a luxurious lifestyle at a spectacular condominium. An infinite array …

Fulton House by Polygon Homes in Burnaby,Canada

Introducing Fulton House by Polygon, a one-of-a-kind iconic residential tower in the heart of Burnaby’s vibrant Brentwood community. Fulton House offers the best of both worlds – the friendliness of a truly residential building and immediate access to a wide array of amenities – from the new Whole Foods Market just up the street, to …

Fitch publishes Canadian residential mortgage rating criteria

Fitch Ratings has updated its criteria for analyzing Canadian residential mortgages collateralizing new and existing covered bond programs and residential mortgage-backed securities (RMBS). The updated report now includes the assumptions that Fitch uses in its cash flow analysis of Canadian covered bonds. No changes have been made to the Canadian RMBS Loan Loss Model analysis. …

Toronto home sales up in September:TREB

Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area Realtors® reported 9,902 sales through TREB’s MLS® System in September 2016. This result was up by 21.5 per cent compared to September 2015. For the region as a whole, strong annual rates of sales growth were experienced for all major home types. The …