Are there too many condos in Toronto? Real estate wiz Brian Persaud takes on this contentious issue


    The following is a guest post by Brian Persaud, a Toronto based real estate agent, investor, analyst, TV show host, producer and author of the forthcoming book "Investing in Condominiums". He is a provider of Toronto condominium information and a good friend to the folks of BuzzBuzzHome. Read more

    A day at the Beach in November? You better believe it! Beach Club Lofts holding exclusive preview event this weekend [PICS]


    Those temperatures won't be going back up any time soon, so a day at the beach might seem like a "strange" concept at the moment.But it's not too hard to imagine spending a day at the Beach Club Lofts, the boutique residence by Zen Homes that's only Read more

    We're feeling like nobility just looking at these new renderings from The Royal Collection


    When you're searching for homes in a place like King City, we're guessing you might be looking for something with a hint of royalty. Well, this project by Zancor Homes registers pretty high on the royalty scale, so high in fact, that they simply named it The Royal Read more

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    Toronto market sees low-rise sales overtake high-rises in February

    By | Posted on March 21, 2013 11:39 am | Monika Warzecha Posted in MARKET

    CondosRealNet Canada released new sales figures for February. And according to the tallies of the Building Industry and Land Development Association (BILD), sales of detached, semis and townhouses overtook condo sales for the first time in a long time.

    February saw new home buyers purchase 1,078 low-rises. Despite that count being the second-lowest February in the last fourteen years, low-rises outperformed high-rises, which accounted for 952 purchases. Compared to February 2012, that’s a 7 per cent decline. Read more

    New home sales decline for a third consecutive month in the GTA

    Posted on November 21, 2012 4:06 pm | buzzhomeblog Posted in MARKET

    realnetNew home sales in the GTA declined for a third consecutive month and new lending restrictions are to blame, says a new report released today by BILD and RealNet.

    There were 2,792 new homes sold in October, making it the second-lowest October on record. With August and September also logging low numbers, the 29,322 new homes sold thus far in 2012 is 14 per cent below the long-term average.

    “In an attempt to cool down the market, the federal government has severely affected the building and development industry in the GTA,” BILD President and CEO Bryan Tuckey said in a press release. “The introduction of stricter mortgage regulations has triggered a decline in new home sales, and if this trend continues, it will affect job creation in the coming years, restricting economic growth.”

    Here are a few highlights from freshly released RealNet numbers: Read more

    GTA new home sales plunge 64 per cent in August

    Posted on September 24, 2012 4:22 pm | buzzhomeblog Posted in MARKET

    It was the lowest August on record for new home sales in the GTA, according to a report by the Building Industry and Land Development Association with data from RealNet Canada.

    The report, released today, also noted that 1,242 homes sold in August 2012 represents the lowest monthly sales figure since 2009.

    We decided to run these numbers against the totals from July 2012 and August 2011 and found that the drop in sales year-over-year and month-over-month is pretty astounding. Read more

    BILD’s High-Rise Forum goes live on Twitter

    Posted on September 21, 2012 9:18 am | buzzhomeblog Posted in MARKET

    toronto skylineThis week the Building Industry and Land Development Association hosted their high-rise forum and brought a panel of Toronto industry experts together to discuss the state of the new condominium market in Toronto.

    David Feldman of Camrost Felcorp Inc, Barbara Lawlor of Baker Real Estate Limited, Barry Lyon of N. Barry Lyon Consultants Ltd, Hunter Milborne of Milborne Real Estate, Charles Stuart of Marketvision Real Estate Corporation and Alan Vihant of Great Gulf Homes all participated in the panel discussion.

    There was a ton of tweeting going on throughout the event under the #bildforum hashtag. We compiled the best tweets below. Check out the discussion: Read more

    BILD: GTA new low-rise sales drop in July due to low supply

    Posted on August 21, 2012 12:19 pm | buzzhomeblog Posted in MARKET

    toronto skyline twilightFigures released today by the Building Industry and Land Development Association (BILD) indicate that new low-rise home sales have dropped to less than half of the long term average for the month.

    According to RealNet Canada, BILD’s source for data, there were a total of 2,266 new homes and condos purchased in the GTA in July with high-rise condos sales hitting 1,415 and low-rise sales numbering 851. High-rise sales were slightly higher than the long term average for July while low-rise sales were much lower. Read more

    BILD: New GTA home sales remain steady in June

    Posted on July 24, 2012 2:36 pm | buzzhomeblog Posted in MARKET

    bild gta realnetThe word is out from BILD: sales of new homes and condos in the GTA remained steady in June.

    There were 3,461 new home sales through the month, according to RealNet Canada Inc, BILD’s source for reliable figures. This is down 27 per cent from the record-setting 2011 but aligns more closely to the long-term average over the last ten years. Sales for the year thus far totaled more than 20,000.

    “So far, the numbers have painted 2012 to be an average year when it comes to sales,” said BILD President and CEO Bryan Tuckey in a press release. “What is worth noting, however, is the continued shift in the market as it gravitates towards higher-density housing.”

    Here are a few more interesting points contained within the BILD/RealNet stats: Read more

    BILD: A stable year in the cards for the GTA’s housing market

    Posted on May 23, 2012 11:48 am | buzzhomeblog Posted in MARKET

    2012 will be a stable year for the GTA residential construction market according to the Building Industry and Land Development Association (BILD).

    There were a total of 4,819 new homes sold in the GTA in April according to stats from RealNet Canada, BILD’s source of new home market intelligence. This represents moderate and positive growth, though the total did dip from the record-breaking sales numbers experienced in 2011.

    “If you compare year-to-date sales statistics since 2007, you will notice that many of them crowd around the 13,500 mark by end of April,” explained BILD President and CEO Bryan Tuckey in a press release.

    “The only exceptions here are 2008 and 2009, years affected by global economic hardships, as well as 2011 which was a record-breaking year. This is a sign that the market has moderated back into stability.” Read more

    So many big wins at the BILD Awards, check out some highlights here…

    Posted on April 30, 2012 11:19 am | buzzhomeblog Posted in DESIGN, DEVELOPMENTS, MARKET

    BILD awards 2012The BuzzHomies arrived in style at the BILD Awards last Friday (April 27) and boy, did we ever have a great evening of dining, wining, and tweeting.

    Upon entering, we immediately felt the energy permeating the Paramount Event Venue. After a great reception and schmooze-athon, we settled into our seats for two rounds of awards pleasantly interrupted by a sumptuous dinner.

    If you weren’t following us on Twitter on Friday night, here’s a rundown of some of the highlights from the awards ceremony: Read more

    BILD selects Bryan W. Tuckey as its new President and CEO

    Posted on April 16, 2012 4:50 pm | buzzhomeblog Posted in MARKET

    The Building Industry and Land Development Association announced today that it has chosen Bryan W. Tuckey as its new President and CEO.

    Bryan will take over the position as of May 22, 2012.

    “Bryan comes to BILD with more than 20 years of senior management experience at all three levels of government in Ontario. Read more

    BILD: GTA home sales stabilize in February as low-rise overtakes high-rise yet again

    Posted on March 20, 2012 2:04 pm | buzzhomeblog Posted in MARKET
    burkbrooklowriserendering

    The Burkebrook, one of many low-rises developments on sale in Toronto.

    We don’t need to remind you that 2011 was a record breaking year for sales in Toronto (we will anyway though), but stats from early-2012 indicate that the GTA new housing market is easing back into stability.

    The Building Industry and Land Development Association released a statement today that noted a 16 per cent rise in low-rise sales in February 2012 over February 2011.

    The stats, provided by the always-reliable RealNet, indicated that the numbers fall in line with the historic trend when compared to February 2010. High-rise sales in February 2010 numbered 1,610 while February 2012 saw 1,666 singles, semis and townhomes sold. Read more