10/28/2024 | Posted in New Developments by Bashar Mahfooth
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New home sales in the Greater Toronto Area remained sluggish last month, but a new report suggests that the market is now primed for buyers following four consecutive interest ... More

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  9/13/2024 | Posted in New Developments by Bashar Mahfooth
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The total value of building permits surged by 22.1% month-over-month to $12.39 billion in July 2024, far exceeding market expectations of a 2.5% increase, following an upwardly ... More

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  5/2/2024 | Posted in New Developments by Bashar Mahfooth
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As of the beginning of April, 2024, 324 cranes towered over the skies of the Greater Toronto and Hamilton Area (GTHA), representing a slight, but persistent, downward trend ... More

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  10/5/2023 | Posted in New Developments by Bashar Mahfooth
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The number of new single-detached houses under construction in the first half of 2023 was down 25% compared to last year. ... More

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  9/22/2023 | Posted in New Developments by Bashar Mahfooth
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August activity at more than 60% below the region's 10-year average sales level ... More

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  8/18/2023 | Posted in New Developments by Bashar Mahfooth
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Many Canadian homebuyers waiting patiently for construction to finish on their pre-sale unit are being met with cancellation notices from developers. The building environment is ... More

Real Estate & Mortgage News

  7/24/2023 | Posted in New Developments by Bashar Mahfooth
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Although new home sales in the Greater Toronto Area were up in June, the Building Industry and Land Development Association (BILD) says sales have dipped “significantly ... More

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  3/24/2020 | Posted in New Developments by Bashar Mahfooth
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Building construction investment in Canada edged higher in January with a 0.5% rise compared to the previous month. ... More

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  1/7/2020 | Posted in New Developments by Bashar Mahfooth
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There was strong demand for newly built homes in the Greater Toronto Area in November, the latest month of data released by Altus Group. ... More

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  12/10/2019 | Posted in New Developments by Bashar Mahfooth
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There were some slight increases but the 6-month trend was essentially unchanged ... More

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  11/5/2019 | Posted in New Developments by Bashar Mahfooth
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New single-family home sales in the Greater Toronto Area increase a whopping 283% ... More

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  10/8/2019 | Posted in New Developments by Bashar Mahfooth
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The value of building permits issued by Canadian municipalities rose 6.1% to $9.0 billion in August, largely because of increases in multi-family and industrial permits. Gains ... More

Real Estate & Mortgage News

  6/27/2019 | Posted in New Developments by Bashar Mahfooth
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There was strong activity in the Greater Toronto Area’s new homes market in May: 4,794 new homes were sold in the month, up 94% from ... More

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  3/27/2019 | Posted in New Developments by Bashar Mahfooth
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Yet sales were still well below the 10-year average, while benchmark prices showed slight moderation from the previous month. ... More

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  11/13/2018 | Posted in New Developments by Bashar Mahfooth
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The increase came as the annual pace of urban starts climbed by 8.6 per cent in October to 191,964 units. ... More

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  7/6/2018 | Posted in New Developments by Bashar Mahfooth
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Canada's steel tariffs will significantly increase the prices of structural steel products. ... More

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  12/10/2017 | Posted in New Developments by Bashar Mahfooth
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Canada Mortgage and Housing Corp. says the pace of housing starts picked up in November, with condo building in Toronto driving the trend.   ... More

Real Estate & Mortgage News

  8/10/2017 | Posted in New Developments by Bashar Mahfooth
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The federal housing agency says home construction picked up last month. The annual pace of urban home construction increased by 5.5 per cent to 206,122 units, driven by a ... More

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  1/10/2017 | Posted in New Developments by Bashar Mahfooth
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Canada Mortgage and Housing Corp. says the seasonally adjusted annual pace of housing starts in December came in at 207,041 units, up from 187,273 in November. ... More

Real Estate & Mortgage News

  7/8/2015 | Posted in New Developments by Bashar Mahfooth
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Canadian building permits fell more than economists forecast in May, with declines across all major types of projects from hospitals to condominiums and industrial sites. ... More

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