9/13/2024 | Posted in New Developments by Terra Realty
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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

Real Estate & Mortgage News

  2/22/2024 | Posted in Ontario Real Estate by Terra Realty
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Discrepancy debunks notion that construction industry is 'sitting on supply,' say developers ... More

Real Estate & Mortgage News

  2/5/2020 | Posted in Canadian Housing Market by Terra Realty
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The chief executive of the Bank of Nova Scotia says Canada’s housing market needs more supply, not a major change to the mortgage stress test. ... More

Real Estate & Mortgage News

  1/7/2020 | Posted in Canadian Housing Market Predictions by Terra Realty
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The lack of housing supply is expected to remain a pressing concern this year as Canada moves further to a seller's market, market watchers say. ... More

Real Estate & Mortgage News

  6/7/2019 | Posted in Ontario Real Estate by Terra Realty
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The Ontario government has passed legislation which aims to tackle the province’s housing crisis. ... More

Real Estate & Mortgage News

  6/2/2019 | Posted in Toronto Real Estate by Terra Realty
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Torontonians could find themselves “doubling up” on housing with friends or relatives in the coming years as the city’s breakneck population growth outstrips the ... More

Real Estate & Mortgage News

  5/11/2019 | Posted in Canadian Housing Market by Terra Realty
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The head of the Canada Mortgage and Housing Corporation (CMHC) gave a candid assessment of the country’s housing market, saying the “party” of homeownership as a ... More

Real Estate & Mortgage News

  4/30/2019 | Posted in Canadian Housing Market by Terra Realty
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For the foreseeable future, immigration will continue stoking the need for housing in Canada’s largest cities, according to RBC Economic Research. ... More

Real Estate & Mortgage News

  10/2/2018 | Posted in GTA Real Estate by Terra Realty
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Ryerson City Building Institute report finds that low-rises and townhouses could help tamper the GTHA’s affordability crisis, using Mississauga as a case study. ... More

Real Estate & Mortgage News

  9/29/2017 | Posted in Ontario Real Estate by Terra Realty
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In an announcement earlier this week, the government of Ontario stated that it has established a new team tasked with removing the multiple barriers to housing construction and ... More

Real Estate & Mortgage News

  6/8/2017 | Posted in Toronto Real Estate by Terra Realty
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Home sales dropped in May 2017 compared to last year, but experts say the trend is likely temporary. ... More

Real Estate & Mortgage News

  4/12/2017 | Posted in Toronto Real Estate by Terra Realty
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Jack Mintz: If Premier Kathleen Wynne wants to score a big win with home-buying voters, why not get rid of the land-transfer tax altogether? ... More

Real Estate & Mortgage News

  3/28/2017 | Posted in Ontario Real Estate by Terra Realty
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Attention hard-pressed homebuyers: Finance Minister Charles Sousa is promising help in his spring budget to make houses and condos more affordable. ... More

Real Estate & Mortgage News

  3/27/2017 | Posted in Toronto Real Estate by Terra Realty
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Toronto’s housing market is likely to stay strong for the rest of the year, with home prices jumping as much as 25 per cent, amid hints that speculators are fuelling demand ... More

Real Estate & Mortgage News

  2/12/2017 | Posted in Real Estate News by Terra Realty
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Canadian housing starts unexpectedly rose in January as Ontario saw a strong increase on ground breaking of new homes, suggesting home construction got off to a ... More

Real Estate & Mortgage News

  2/7/2017 | Posted in Toronto Real Estate by Terra Realty
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Priced out of detached houses and other low-rise products, Toronto buyers poured into condominiums units last year to create a 10-year low in inventory, according to a recent ... More

Real Estate & Mortgage News

  1/30/2017 | Posted in Toronto Real Estate by Terra Realty
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In a report released last week, the Royal Bank of Canada cautioned that the trends and conditions in Toronto real estate point to the growing possibility of government ... More

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