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Hidden Costs of Home Ownership July 21, 2021 Buying a home is one of the biggest purchases you will make in your lifetime. While the initial purchase of a home is a big cost, it is important to keep in mind the expected – and unexpected – costs of owning a home. From maintenance fixes and utilities, to insurance and emergency costs, it […] Read More
June 2021 Resale Market Statistics Released July 7, 2021 June home sales were up compared to last year, but remained below the March 2021 peak and were lower than the number of transactions reported for May 2021, consistent with the regular seasonal trend. The average selling price in June increased by double digits compared to last year as well, but the annual rate of […] Read More
How Much Does It Cost to Build a House in Canada (2021)? June 24, 2021 The cost of building a house in Canada Getting a loan for building a house Average time to build a house Ways of reducing costs when building a house Alternatives to custom-built homes The average cost to build a house in Canada ranges from $120 to $195 per square foot for a detached home. For many Canadians, the dream of […] Read More
Canadian Luxury Real Estate Markets Are Thriving June 19, 2021 The Canadian luxury real estate market has captured the attention of wealthy homebuyers, investors, and public policymakers. As the broader Canadian housing sector balloons to levels unseen in decades, the luxury real estate industry is popping, too. And the government wants a slice of the pie. In Toronto, for example, lawmakers are proposing a luxury home tax on properties […] Read More
May 2021 Resale Market Statistics Released June 13, 2021 Residential transactions reported remained high in May 2021, but fell short of the 2016 record and were below this year’s March peak. Despite a slight ebb in sales over the last two months, market conditions remained tight enough to push the average selling price to an all-time record in May. TRREB reported 11,951 sales in […] Read More
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