New Home Buyers Network

The average selling price of a home in the GTA in December 2019 was $837,788, up 12% year-over-year. The average selling price for all of 2019 was $819,319, an increase of 4%.

Greater Toronto Area home prices climbed 4% in 2019 ​​​​​​​Last year, the Greater Toronto Area’s housing market was in recovery mode with sales activity bouncing back from a rough 2018. This year, you can expect prices to heat up even more.

You can expect prices to keep heating up, especially in Ontario. Find out more in the latest guest post from Zoocasa.

What’s in store for the 2020 housing market? According to a number of forecasts, buyers, sellers and renters can expect the same ol’ issues to persist throughout the new year, such as crunched affordability, a lack of supply, and heating conditions in the nation’s biggest markets.

Happy new year!! Have a fun and safe evening!

Happy holidays everyone! Wishing you and your loved ones all the best!

These New Year's resolutions will help you save thousands of dollars next year!

New Year’s resolutions that will help you buy a home in the near future ​​​​​​​The new decade is right around the corner. For many, the dream of homeownership is one they’d like realized in the near future. That’s why we’re sharing a few New Year’s resolutions you should make and keep so you can buy a new home!

Curious about what the housing market might look like in 2020? You should check out this list!

All the things that will impact the housing market in 2020 ​​​​​​​If you paid any attention to the housing market at all this year, you know there were some big moves made on a national, provincial, and municipal level. With that in mind, we reviewed all of 2019 and put together a list of 2019 highlights.

It’s become clear that tenants want a bit more space, and they are willing to take on roommates to get it. In Toronto, the average rent for a one-bedroom unit fell 0.3% to $2,314, while the average rent of a two-bedroom unit went up more than 1% to $2,966

Average rent in Toronto expected to jump 7% to nearly $2,800 in 2020 ​​​​​​​The Greater Toronto Area’s rental market is struggling with a lack of supply and increasing rent. Looking ahead to 2020, it looks like the affordability struggles will continue.

We'll give you a hint...prices are going up.

See what the average home price in Canada will be in 2020 ​​​​​​​As we approach the beginning of a new decade, it’s fair to say that 2019 was a year of recovery for Canada’s resale housing market. Now let’s take a look at what 2020 may hold.

4 reasons why you may find your dream home in the next few weeks!

Why you should buy a home in December or January ​​​​​​​December and January are the slowest months of the year for residential real estate, and for some people, this makes it the ideal time to seriously hunt for a home and make an offer.

Unfortunately, 65% of millennials worry that if they buy a home now, they won’t be able to save for retirement, as 42% of millennial homeowners are delaying saving for retirement in order to pay their mortgage.

Millennials’ homeownership struggles affecting retirement plans KPMG recently shared the results of its Millennials and Retirement poll, focusing on the homeownership concerns young Canadians have, and they’ve now released some results pertaining to concerns about retirement.

If you haven't done some of these things around your home, then you should really get started!

Important home maintenance tasks to complete before the end of the year ​​​​​​​If you’ve been following our seasonal home maintenance checklists, especially for October and November, then your home should be pretty prepared for winter. If not, then make sure you complete everything on this list before the end of the year!

The GTA is already struggling with low supply in the detached home market, and increased demand will create more competition, potentially causing prices to spike.

Demand for detached homes growing as more millennials start families ​​​​​​​As peak millennials find themselves in their 30s, it’s possible that there will be even more stress on the single-family housing market in 2020, according to a recent report by Royal LePage.

Can’t afford to buy a home on your own? Then maybe you should take a look at this new Guide to Co-owning a home, which was recently released by the province of Ontario.

Everything you need to know about co-owning a home ​​​​​​​Can’t afford to buy a home on your own? Then maybe you should take a look at this new Guide to Co-owning a home, which was recently released by the province of Ontario.

Yes, Toronto homeowners pay lower property taxes on average compared to the rest of the GTA, but here's why:

Why I think Toronto homeowners should pay lower property taxes ​​​​​​​It looks like the City of Toronto’s property taxes are set to increase over the next few years. Depending on who I ask, people are either indifferent, happy, or furious.

Looking a year ahead to Q4-2020, TransUnion forecasts the average mortgage balance to hit $285,738, which is a small increase of 0.51%.

Mortgage market gaining strength heading into 2020 ​​​​​​​As Canadian housing prices are forecasted to climb in 2020, it looks like the state of the mortgage market will also see some “renewed strength,” according to a recent report by TransUnion.

Check out the new infographic by Zoocasa to see how long it takes a median-income earner to save for a down payment on a home in different cities across Canada.

What can a middle-class home buyer afford across Canada? According to the latest data from the Canadian Real Estate Association, the average residential home will now set prospective home buyers back $525,000, though affordability challenges are much more acute in the nation’s priciest markets.

According to the United Nations, buildings account for almost one-third of global greenhouse gas emissions. In Toronto, buildings account for half of the GHG emissions!

Fighting climate change will be a top priority for the real estate industry in 2020 As I look forward to 2020, I can’t help but feel like energy efficiency and fighting climate change will be top priorities in the new year.

The Agincourt Mall site is currently more than 70% surface parking, but in the near future, it will be a mixed-use 4 million square foot, master-planned community, featuring residential space, retail, office, community spaces, and lush parks.

Pedestrian safety a top priority in master-planned Agincourt Mall Redevelopment We recently had the opportunity to chat with Steve Bishop, Vice President, Development Services at North American Development Group, to get a behind-the-scenes look at where they are in the process with the ambitious Agincourt Mall Redevelopment.

The Millennials and Retirement poll found that 72% of millennials have a goal to own a home, but 46% say homeownership is a pipedream

Nearly half of Canadian millennials believe homeownership is a ‘pipedream’ Though millennials may be the most educated and making a decent amount of money, homeownership still seems like a “pipedream” to many of them, according to the results of a new poll commissioned by KPMG.

The most affordable housing type is still a condo unit, but it experienced the strongest price growth, increasing 11.1% to an average of $617,658

Average price of a resale condo unit in the GTA jumps more than 11% As we approach the winter months, the Greater Toronto Area’s resale market continues to tighten, which has led to aggressive price increases.

The City of Toronto released the proposed HousingTO 2020-2030 Action Plan, which aims to fight homelessness, and improve social housing, rental housing, long-term care, and homeownership.

City of Toronto releases the proposed $23.4 billion HousingTO 2020-2030 Action Plan The start of a new decade is right around the corner, and with the housing affordability crisis still looming in Toronto, real estate is on a lot of people’s minds.

Have you considered building a tiny home on your property?

Ontario releases new guide on how to build or buy tiny homes ​​​​​​​In an effort to promote and encourage innovative housing options, the province of Ontario has released a guide on how to legally build a tiny home on your property.

Want the convenience of condo life without the hustle and bustle of downtown? Then you should definitely register for 5 Hamilton, the latest development in Waterdown by Hawk Ridge Homes!

Your first sneak peek at 5 Hamilton in Waterdown ​​​​​​​Want the convenience of condo life without the hustle and bustle of downtown? Then you should definitely register for 5 Hamilton, the latest development in Waterdown by Hawk Ridge Homes.

"It’s more obvious now than ever before that more supply is the answer. And it’s not just a matter of building more, we need to be building faster. Projects sit in the pre-construction phases for too long, sometimes years."

Is fuelling demand really the answer to the affordability crisis? ​​​​​​​Some new home sales figures for the Greater Toronto Area came out at the beginning of this week, and it got me thinking about various housing market initiatives addressing affordability.

Recently, the Kylemore Communities team participated in the Hockey Helps the Homeless York Region tournament, which raised $200,000 for 360kids_york, a non-profit organization that provides support and housing for homeless and at-risk youth.

Kylemore supports local youth shelter with donations and team spirit! ​​​​​​​It’s the season of giving, and one of the Greater Toronto Area builders that gives the most throughout the year and holiday season is Kylemore Communities.

In the Blue Mountain area, the median price of a single-family home jumped 4% to $780,000, while the median price of a condo increased 4.2% to $369,000. And price growth is expected to remain steady!

Now may be the time to invest in a winter recreational property ​​​​​​​Did the early snowfall get you thinking about skiing and snowboarding? According to a recent report, now may be the time to invest in one of Canada’s winter recreational property markets.

RE/MAX estimates the average selling price of a home in the GTA will increase 6% next year.

2020 is looking good as homebuyer confidence bounces back Throughout 2019, Ontario’s housing market has shown signs of rebounding, and it looks like the strong activity will continue into 2020, according to a recent report from RE/MAX.

Sign up now for The Daniels Corporation's First Access Workshops, which provide all the info you need to buy a new home in Toronto with confidence!

Daniels FirstHome Keelesdale launching in early 2020! ​​​​​​​There’s an incredible opportunity for first-time buyers and move-up buyers coming in the new year in Toronto!

If you’re on the hunt for a quick closing and want your family to move into a brand new townhome, then you have to check out these two incredible options at Village Square in Uxbridge by Maple Brook Homes!

2 quick-closing homes available at Village Square in Uxbridge! ​​​​​​​If you’re on the hunt for a quick closing and want your family to move into a brand new townhome, then you have to check out these two incredible options at Village Square in Uxbridge by Maple Brook Homes.

Generation X believes they are the most in debt, they save the least, spend more than they make, and are the most skeptical about being debt free. More than half of Generation X say spending is outpacing income growth and nearly 50% believe they’ll never be debt free.

A shocking number of Canadians worry that they’ll never be debt free ​​​​​​​Nearly all Canadians believe the average household is in too much debt, and it looks like everyone is right. The results of the Manulife Bank Debt Survey shows that 40% of indebted Canadians do not expect to escape their debt in their lifetimes.