Posts Tagged ‘Canadian housing markets’
OHBA announces finalists of distinction
Posted by: Sam Reiss in Real estate industry news on August 19th, 2010
The Ontario Home Builders’ Association (OHBA) has announced the finalists for its 2010 Awards of Distinction, honouring outstanding contributors to the new home industry. Finalists were judged from entries from across the province encompassing 33 categories of building, design, sales and marketing. Winners will be announced on September 21st at the 2010 OHBA Annual Conference.
Canadians willing to spend more on green homes
Posted by: Sam Reiss in Real estate industry news, Tips for Green Living on August 11th, 2010
Canadians see the value in an environmentally friendly home, according to the TD Canada Trust Green Home Poll. Seventy two percent of Canadians surveyed indicated they would be willing to pay more for a house or condo that includes environmentally friendly features.
More than 21,000 T.O. Condos sold in past year
Posted by: Sam Reiss in New Homes and Condos, Real estate industry news on August 4th, 2010
Urbanation, Inc., the leading source of information and analysis on the Toronto Census Metropolitan Area – CMA – condominium market, today released its Q2/10 market overview.
New condominium sales of 4,991 in Q2/10 represent a decline of eight per cent from the 5,415 sold in Q1/10, and for the first time since 1994, second quarter sales declined from the first quarter. Despite the quarter-over-quarter decrease, sales during the past four quarters were near record highs.
Toronto is now the condo capital of North America
Posted by: Sam Reiss in Real estate industry news, Real estate market updates on July 7th, 2010
HST around the house
Posted by: Sam Reiss in Finance & insurance, Real estate industry news on July 2nd, 2010
With HST tax coming into effect July 1st, many new home owners are wondering what exactly will be affected, and what won’t. Many household items that were previously subject to 8% provincial and 5% federal tax will now simply switch over to the 13% HST, and consumers will incur no additional costs. However, some items that were only subject to the 5% federal tax will now be subject to the 13% HST. In total, about 83% of products and services purchased by consumers will see no new tax.
Homeownership on the rise in Canada
Posted by: Sam Reiss in New Homes and Condos, Real estate industry news on June 9th, 2010
Increasing numbers of Canadians intend to become home owners by 2012, according to the 17th Annual RBC Homeownership study conducted by Ipsos Reid. This trend could mean increased demand for new homes and is spurring some would-be buyers to make their purchase now while supply and demand ratios remain favourable.
Early 2010 T.O. Condo Sales Through the Roof
Posted by: Sam Reiss in New Homes and Condos, Real estate industry news, Real estate market updates on May 4th, 2010
With 5,415 new condominium units sold in the first quarter of 2010, the Toronto real estate market has achieved a personal best, the highest-ever number of first quarter new unit sales in history.
This news was released on Monday by Urbanation, Canada’s leading condominium market research company and publisher of Urbanation’s Condominium Market Survey.
GTA new home sales up 237% from 2009
Posted by: Sam Reiss in New Homes and Condos, Real estate industry news, Real estate market updates on March 25th, 2010
What a difference a year makes!
With 3,148 new homes and condos sold in February 2010, GTA new home sales reached their highest levels since 2006. This marks an incredible 237 percent increase over February 2009 according to RealNet Canada Inc, the Building Industry and Land Development Association’s official source of new home market intelligence.
How to buy a new condo: A video tutorial
Posted by: Sam Reiss in First time home buyers, New Homes and Condos on March 23rd, 2010
Home buyers demand smaller, smarter designs
Posted by: Sam Reiss in New home builders, Real estate industry news on February 24th, 2010
The results of Better Homes and Gardens magazine’s Next Home Survey are in, and buyers have spoken.
Prospective new home buyers list energy-efficiency, organization and comfort as their top priorities in considering their next move. Demand for traditional McMansions appears to be waning as more and more people come to value intelligent design over wow factor.
“We continue to see a ‘cents and sensibilities’ approach when it comes to buying or improving a home, said Eliot Nusbaum, Better Homes and Gardens’ executive editor for home design. “Today’s homeowner is also looking for a home that fits the entire family—from a multi-tasking home office, to expanded storage space, to a living room that can adapt to advancements in home entertainment and technology.”
