The average price of available new single-family ground-oriented homes in the GTA has now surpassed $1 million, the Building Industry and Land Development Association (BILD) reported on February 23, 2017. The highlights of BILD’s report are:
National home sales were up on a month-over-month basis in December 2016, according to statistics released by The Canadian Real Estate Association (CREA) on January 16, 2017. The highlights of CREA’s report are:
The Planning Review Panel at the Office of the Chief Planner of the City of Toronto has changed its composition from the traditional dominance of “white male homeowners” to a more diverse group that reflects the changing demographics of the city.
Daniel Fusca, Chair of the Toronto Planning Review Panel at the Office of the Chief Planner of the City of Toronto, said that “a disproportionate number of the people we engage in city planning processes tend to be white, male, homeowners, and over the age of 55.” The Panel decided to end the white dominance by inviting more diverse voices. ...
The Building Industry and Land Development Association (BILD) reports on a slight decrease in average prices in October accompanied with a modest increase in supply and mix of new homes in the GTA. The following are the highlights of BILD’s report (November 22, 2016):
Canada Mortgage and Housing Corporation (CMHC) published on Thursday, November 17, 2016 the results of its 2016 stress testing exercise, emphasizing that the scenarios tested should be considered a prediction or a forecast.
RBC Royal Bank (RBC) announced on Tuesday, November 15, 2016 that it is increasing its residential mortgage rate offers, and introducing new pricing for amortizations 25 years and under, effective November 17, 2016.