by newhomesinbrooklinwhitby | Feb 26, 2025 | Uncategorized
GTA new home sales hit a 40-year low in December, with only 310 units sold.New condo sales in December ↓ 63% yearly, and were 86% below the 10-year avg.
by newhomesinbrooklinwhitby | Feb 24, 2025 | Uncategorized
Toronto expands support for higher-income earners, enabling families earning up to $160,000 to access homeownership aid. The Home Ownership Assistance Program (HOAP) eligibility now includes households in the 80th income percentile, up from 60th.
by newhomesinbrooklinwhitby | Feb 20, 2025 | Uncategorized
New condo sales in GTHA dropped 64% at the end of 2024, marking the lowest sales since 1996. Investor challenges, including negative cash flow and financing difficulties, contribute to the ongoing market decline.
by newhomesinbrooklinwhitby | Feb 19, 2025 | Uncategorized
Homebuyers in the Greater Toronto Area gain negotiating power due to increased condo listings at the end of 2024.First-time buyers benefit from lower borrowing costs and stronger negotiating power in early 2025.
by newhomesinbrooklinwhitby | Feb 18, 2025 | Uncategorized
Eliminating development charges (DCs) on new homes is not a viable solution; instead, modernizing the Development Charges Act is essential. DCs, which have been in place for over 35 years in Ontario, are crucial for funding infrastructure needed for new housing....
