Regulations can’t hold Toronto’s condo market down. Condo prices have risen 20 percent compared to February last year, according to Bloomberg, while sales of detached homes sank by more than 10 percent. Regulations were supposed to decreases for both markets, but an unexpected twist has occurred. On January 1, new mortgage regulations that required buyers…
While much of the GTA housing market has seen a significant cooling in the first two months of 2018, there is one prominent exception — new construction condos. The price of a new GTA condo jumped a whopping 39.5 per cent year-over-year last month, according to data from Altus Group, released today by the Building…
The red-hot condominium market drove an increase in new home construction in Canada last month as starts of single detached houses continued to fall, new data shows. Housing starts rose to 229,737 in February, a 7 per cent increase compared to the previous month, according to seasonally adjusted annual rates from the Canada Mortgage and…