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CMHC Releases its 2016 Q1 Housing Market Assessment Report for Canada and 15 Markets
In Toronto, overall strong evidence of problematic conditions reflects a combination of price acceleration and overvaluation. We are also monitoring for the potential emergence of overbuilding in Toronto due to the high number of condominium units under construction. Inventory management therefore continues to be necessary to make sure that these condominium units under construction do not remain unsold upon completion.

How have some hot investment areas performed over the past year?
Toronto saw a 14.2% year-over-year increase; York Region enjoyed a 20.9% year-over-year spike, and Hamilton saw an 8% year-over-year increase. Not too bad for markets expected to see further gains this year.

Forget Foreign Buyers: 3 Reasons Toronto, Vancouver House Prices Aren’t Coming Down
Bank of Montreal senior economist Robert Kavcic says population growth in the 30 to 39 age group (the “prime first-time or move-up buying years”) is accelerating in Toronto and Vancouver.

>Millennials thinking small for affordable housing
The project is one of many small housing initiatives in what amounts to a growing industry in millennial housing, particularly as rising real estate costs in both Canada and the U.S. have made traditional home buying much less affordable.

Shortage of new GTA homes yanks sales down in January
There were 1,614 new-construction homes purchased across the GTA last month, a 22 per cent plunge from January 2015. BILD, a development industry group, attributes the significant drop to a lack of inventory.

Bill 165 An Act to regulate home inspectors
This proposed legislation simply gives the government ministries the power to set standards for licensing, qualification, performance standards, insurance and any other matters related to performing home inspections in Ontario.

Realty Point Upcoming Seminars

• Saturday, February 27, 2016 – Beyond the Classroom: Learn What You Really Need To Know About Selling Real Estate
• Saturday, March 5, 2016 – Social Media 101 and Getting Started with Facebook
• Saturday, March 19, 2016 – Advanced Real Estate Sales Training (Part 1)
• Saturday, April 2, 2016 – New Agent Orientation Training Seminar

For more information and to register click here.
Location:
Realty Point
240 Duncan MilL Road, 6th Floor, Toronto ON, M3B 3S6
Free Saturday parking on-site.

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