There was a decrease in sales
of detached homes reported in the city of Toronto, but this was more as a result of a shortage of listings, than anything else.
Not exact matches
In its
report, Market Implications
of Foreign Buyers, released in June
of this year, BCREA finds that the main drivers impacting housing affordability are the decline in the stock
of single
detached homes, and densification policies favouring apartments and townhouses.
A drop in the price
of single
detached homes in Toronto has led to a partial recovery
of housing affordability across Canada, but prices are likely to re-accelerate after spring, according to a
report by Royal Bank
of Canada.
Realtor Royal LePage is
reporting today that average housing prices increased between 2 and 4 % per cent in Q4
of 2012 compared with the year before, although prices declined in all three tracked categories
of home (
detached bungalows, standard two - storey and standard condominiums.)
The RBC housing affordability
report captures each province's proportion
of pre-tax household income needed to service the costs
of owning a
home and iis based on the costs
of owning a
detached bungalow, a reasonable property benchmark for the housing market in Canada.
Most
of the activity is being driven by
detached, single - family
homes, particularly by buyers in looking in the upper end
of the market, according to Re / Max's 2017 Spring Market Trends
Report.
Turns out the number
of detached homes in Vancouver has hardly budged in two decades, and in Toronto, the number
of single
detached units completed in 2015 was the lowest since 1979, according to the BMO
report.
It surely annoyed the Toronto Real Estate Board, which on March 3
reported that the average selling price
of a
detached home in the Greater Toronto Area was $ 1.2 million in February, a 32.5 per cent increase from a year earlier.
The
report said steady economic growth indicators in Quebec have contributed to market balance in Montreal, where sales
of top - tier
detached single - family
homes, attached
homes and condominiums are expected to remain comparable to 2015 levels.
As
reported in issue 24
of Passive House Plus, data from SEAI's National BER Research Tool indicates that 37 %
of all new
homes built in 2017 featured heat pumps — a figure which may be conservative, given the signs that thousands
of self - builders may not be obtaining BERs before occupying
homes, and the fact that heat pumps are the dominant heating system in self - build houses, with over 67 %
of detached homes where the owner had obtained a BER prior to occupancy opting for a heat pump.
Canada Mortgage and Housing Corp.'s annual
report on the state
of the country's housing says that the increasing numbers
of seniors «suggests a gradual and modest shift away from single
detached homes to smaller multiple units including condominiums.»
Additionally, as part
of our effort to monitor housing market activity in metropolitan Boston, GBAR compiles a monthly data
report which provides insight into the current performance and longer - term trends within the residential (
detached single - family
home and condo) and multi-family housing markets in the GBAR jurisdiction.
For instance,
reports of money flowing into Vancouver's housing market from China have resulted in some Vancouverites blaming the Chinese for pricing them out
of the market for single - family,
detached homes, says Davidoff.
According to NAHB's new Housing Preferences
of the Boomer Generation
report, this generation seeks out single - family
detached homes in low - traffic communities.
of the six Southern California areas in the
report the average residential sales price for a
detached home was the highest in Orange County, at a staggering $ 780,000!
The average value
of an owner - occupied single - family
detached home with a boomer householder decreased by 13 % between 2006 and 2012, meaning that some
of these homeowners are in a negative equity position on their mortgage, making it difficult to sell the
home and move, according to the
report, titled «Are Aging Baby Boomers Abandoning the Single - Family Nest?»