NEW HOMEBUYERS GETTING SQUEEZED OUT OF TORONTO MARKET AS GOVERNMENT FEES ON NEW BUILDS SKYROCKET Matthew Yuyitung, Financial Post Image courtesty of: Pointman   Government costs and charges on homes have gone up significantly since 2013, and account for nearly a quarter of the price of a new home in the Greater Toronto Area, according to a report published this week. The report, commissioned by the Building Industry and Land Development Association, showed average cost from... [read more]

THESE TORONTO NEIGHBOURHOODS ARE SEEING A HUGE SPIKE IN DOLLAR VALUE Sarah Niedoba, BuzzBuzzHome Image courtesty of: Dan Cooper / Toronto Star The Toronto housing market looked quite different this time last year, as activity reached record heights and pundits warned of bubble-like conditions. Last month, home sales and prices dropped 31.1% and 12.4% year-over-year respectively, falling sharply from the record-hitting levels report last April. But according to a new report from... [read more]

HOME PRICES UP OVER 50% IN GTA'S HOTTEST NEIGHBOURHOODS Earlier this month the Toronto Real Estate Board announced that the average price of a detached home in the 905 region was up 29.4% year over year. But as any good math student knows, if the average in the GTA is up 29.4% that means there must be quite a few neighbourhoods that are appreciating at a much faster rate than this. I thought it would be helpful to take a look at how fast the hottest neighbourhoods in the GTA are... [read more]