The real estate services firm said new single-family home sales of 9,523 were 2.5 times higher than 2018, when sales in the segment hit a 22-year low following tighter mortgage rules.
The price difference between the two segments narrowed last year as the average asking price of $1.09 million for new single-family homes was down 17 per cent from the 2017 peak, while the average price for a new condo reached an all-time high of $917,000. A national online survey of 3,000 people at the end of last year by Altus found that only 12 per cent of GTA households said they were planning to buy this year, down from 21 per cent when the poll was conducted a year earlier.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
McDonald’s sales rise more than expected, boosted by store revamps and new itemsGlobal comparable sales rose 5.9 per cent in the fourth quarter, higher than the 5.23 per cent growth expected by analysts, according to IBES data from Refinitiv
Source: globeandmail - 🏆 5. / 92 Read more »
New Home Sales In The GTA Rose 47% Last Year After 2018 Drop: ReportRising sales were driven by a wider range of price points and stronger buyer demand to push sales near the 10-year average
Source: HuffPostCanada - 🏆 61. / 53 Read more »
Toronto builders try a new tactic to lure millennials to the hated suburbs. They call it ‘hipsturbia’New projects in some of the city’s oldest suburbs are being pitched with walkable neighbourhoods, condo towers, cafes, shops and a hip city feel hipsturbia....Sounds like a horror movie. Millennials are lining up to buy homes here in central New Jersey. Demand is strong. The one common thing is these are all millennial families with young children. They’re here for the schools. That’s how you do it. Appeal to the new parents. They will save suburbia. That’s disturbia!
Source: nationalpost - 🏆 10. / 80 Read more »
New telescope reveals first detailed images of sun's surfaceThe surface of our sun is a wild, violent place and now we can see it in exquisite detail, thanks to the first images returned by the National Science Foundation's Daniel K. Inouye Solar Telescope based in Hawaii. So the moon is made of cheese the sun is made of granola bar Looks a little like Carmel popcorn.. Gold nuggets.
Source: CTVNews - 🏆 1. / 99 Read more »
Biden under pressure to prove he can thwart new GOP attacksWith five days until the Iowa caucuses, Joe Biden is fending off a new onslaught of GOP attacks over his son's business overseas and facing piling pressure to show Democratic voters he can handle the incoming. “'We are going to call out the lies. We are going to confront him, Dunn said ... If Joe Biden has proven one thing in this race, it's that he's the person to stand up to Donald Trump.' JoeBiden is disoriented and tangential, facts aren’t smears regardless of the accuser. “We are going to call out the lies. We are going to confront him, Dunn said... If Joe Biden has proven one thing in this race, it's that he's the person to stand up to Donald Trump.' Most days JoeBiden is disoriented and tangential, facts aren’t smears regardless of the accuser. Who cares? Isn't there Canadian news to report?
Source: CTVNews - 🏆 1. / 99 Read more »
Trump Signs Off On New NAFTA As Canada Braces For Testy DebateCanada is the only member of the trilateral deal still to ratify the agreement. USMCA.
Source: HuffPostCanada - 🏆 61. / 53 Read more »