November 2019

New Developments Market Update: November 2019

New home market at typical activity level in October October was a busy time in the GTA new home market, as is typically the case every year. Single-family home sales, with 1,296 detached, linked and semi-detached houses and townhouses (excluding stacked townhouses) sold, were up 178% from last October’s near-record low and even with the 10-year average, according to Altus Group* Sales of...

New Rules For Toronto Airbnb and Short-Term Rentals

5 things renters, short-term rental hosts and visitors should know about the changes Despite Toronto's decades-long condo building boom, the city statistics show that the vacancy rate has fallen. In fact, the rental market is almost as tight as it was in 2001. (Michael Wilson/CBC) Stricter rules governing Airbnbs and other short-term rentals in Toronto are coming following a decision...

Family Friendly Condos In The City Of Toronto

Family friendly condos in Toronto really do exist. The trick is where to find them and understanding the pros and cons of raising a family in a condo. Condos may not be a one-size-fits-all solution but when it comes to living in Toronto, it is definitely the product of choice. With many buyers unable to afford a single family home, baby boomers looking to downsize, and more families living in condos —...

Enhanced Disclosure For Buyers Of Pre-Construction Condominiums

Purchasers of pre-construction condominium units in projects commenced after January 1, 2020 will benefit from more information that will help them make a more informed purchase.  Agreements of purchase and sale for units where the first purchase agreement for the project or phase of a project is signed after this date will include an information sheet at the front of the purchase agreement that outlines...

CHMC’s Housing Market Outlook: Fall 2019

CMHC's Housing Market Outlook (HMO) provides the forward-looking analysis Canada’s housing markets. Published annually, this helps anticipate emerging trends in Canada's new home, resale and rental housing markets at the national, provincial and local level. The HMO includes forecasts for important housing market variables such as starts, prices, resales, vacancy rates and rents. CMHC presents...

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