Ontario is facing a critical housing shortage, with homeownership becoming increasingly out of reach due to high prices, supply constraints, and lengthy construction timelines. In response, the Ontario Real Estate Association (OREA) proposes a scalable, innovative solution: factory-built housing. Also known as modular or prefabricated homes, these dwellings are built off-site in highly efficient manufacturing facilities and then assembled on location. This process allows homes to be delivered up to 50% faster than traditional builds — without compromising quality.
As we move into March 2025, the real estate market in Richmond Hill and across York Region continues to demonstrate resilience and strength. Inventory levels are slowly increasing, providing more choices for buyers, yet they remain below pre-pandemic norms, maintaining a competitive environment.
Thinking about buying or selling a home in the Greater Toronto Area? March 2025 brought exciting news for both buyers and sellers. According to the latest report from the Toronto Regional Real Estate Board (TRREB), homeownership became more affordable compared to last year. If you're planning your next real estate move in Richmond Hill, Toronto, Aurora, or Newmarket, now might be the perfect time.
The real estate landscape in Newmarket, Ontario, has experienced notable shifts recently, influenced by both local market dynamics and broader economic factors, including international trade policies. Understanding these elements is crucial for potential buyers, sellers, and investors aiming to navigate the current market effectively.
In a headline-making announcement, President Donald Trump has revealed a bold new plan to reshape U.S. trade policy — and Canada is caught in the crosshairs. The tariffs target foreign imports and could have serious implications for Canada's economy, particularly in the auto and energy sectors. While much of the world braces for impact, Canada faces a unique mix of exemptions, criticisms, and economic uncertainty — all of which could ripple into our housing market and broader financial landscape.