10/28/2024 | Posted in New Developments by Terra Realty
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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

Real Estate & Mortgage News

  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

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  8/28/2024 | Posted in Canadian Housing Market by Terra Realty
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A home building industry association says new home sales in July were at an all-time low, and is calling on urgent action from the government. ... More

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  8/2/2024 | Posted in First Time Home Buyers by Terra Realty
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The Canada Mortgage and Housing Corporation (CMHC) has officially launched Home Start, a 30-year mortgage option for first-time homebuyers purchasing newly constructed homes. Will ... More

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  5/30/2024 | Posted in Government and Regulation by Terra Realty
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The Ontario government has introduced legislation that includes a new 10-day cooling-off period for purchases of new freehold homes. ... More

Real Estate & Mortgage News

  5/22/2024 | Posted in Canadian Housing Market by Terra Realty
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Interest rates for builders and buyers playing into slowdown, putting dozens of housing projects on pause. ... More

Real Estate & Mortgage News

  4/16/2024 | Posted in Canadian Housing Market by Terra Realty
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Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February. ... More

Real Estate & Mortgage News

  4/11/2024 | Posted in Government and Regulation by Terra Realty
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Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians ... More

Real Estate & Mortgage News

  4/4/2024 | Posted in Canadian Housing Market by Terra Realty
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Canadian homebuilders are expected to dial back new construction for a third straight year in 2024 as elevated borrowing costs reduce the appeal of starting projects, Canada's ... More

Real Estate & Mortgage News

  4/2/2024 | Posted in Government and Regulation by Terra Realty
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Prime Minister Justin Trudeau is pressuring Canada’s provinces to remove barriers to building more housing, including requiring them to freeze municipal development charges ... More

Real Estate & Mortgage News

  3/18/2024 | Posted in Canadian Housing Market by Terra Realty
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Canada Mortgage and Housing Corporation (CMHC) has reported an increase in the pace of home construction across the country. ... More

Real Estate & Mortgage News

  10/6/2023 | Posted in Canadian Housing Market by Terra Realty
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A recent report from the Canadian Centre for Policy Alternative(opens in a new tab) shows that new housing construction is at a lower level today than it was at the worst point of ... More

Real Estate & Mortgage News

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

Real Estate & Mortgage News

  8/18/2023 | Posted in New Developments by Terra Realty
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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

  2/10/2020 | Posted in Canadian Housing Market by Terra Realty
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The national trend in housing starts essentially held steady in January. ... More

Real Estate & Mortgage News

  1/10/2020 | Posted in Canadian Housing Market by Terra Realty
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There was a decline in the 6-month moving trend in Canadian housing starts in December. ... More

Real Estate & Mortgage News

  1/7/2020 | Posted in New Developments by Terra Realty
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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

Real Estate & Mortgage News

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

Real Estate & Mortgage News

  9/18/2019 | Posted in GTA Real Estate by Terra Realty
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According to a recent BILD report, these charges make a significant impact on affordability. ... More

Real Estate & Mortgage News

  7/11/2019 | Posted in Canadian Housing Market by Terra Realty
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Canadian housing starts trended higher in June, primarily due to higher trending row and apartment starts, in urban areas. ... More

Real Estate & Mortgage News

  6/27/2019 | Posted in New Developments by Terra Realty
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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

Real Estate & Mortgage News

  6/6/2019 | Posted in GTA Real Estate by Terra Realty
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There was some better news for the new homes market in the Greater Toronto Area in April as sales jumped 123% year-over-year. ... More

Real Estate & Mortgage News

  4/30/2019 | Posted in Home Buyers by Terra Realty
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If you’re considering a custom-built home, here’s everything you need to know. ... More

Real Estate & Mortgage News

  4/22/2019 | Posted in Toronto Real Estate by Terra Realty
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Toronto’s construction industry may have just averted a calamity. ... More

Real Estate & Mortgage News

  3/27/2019 | Posted in New Developments by Terra Realty
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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

Real Estate & Mortgage News

  3/20/2019 | Posted in Canadian Housing Market by Terra Realty
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The construction of new homes in Canada will continue to decline for the next two years as the economy slows and higher interest rates weigh on consumers, according to a new ... More

Real Estate & Mortgage News

  2/27/2019 | Posted in GTA Real Estate by Terra Realty
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BILD announced earlier this week that GTA new home sales volume increased by 14% annually in January, reaching 1,362 transactions. ... More

Real Estate & Mortgage News

  2/1/2019 | Posted in GTA Real Estate by Terra Realty
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Investment property sales in the GTA had their second-highest year ever at $21.1 billion, but the figure drawing the most attention in Altus Group’s Flash Greater ... More

Real Estate & Mortgage News

  1/17/2019 | Posted in Canadian Housing Market by Terra Realty
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In the not so distant past, Canadian contractors were building more single-family homes than multi-family homes, such as condo apartments. ... More

Real Estate & Mortgage News

  1/10/2019 | Posted in Ontario Real Estate by Terra Realty
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Sales of new homes should be positive in 2019 despite the challenges of affordability and interest rates. ... More

Real Estate & Mortgage News

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