Category Consulting

Also, people love our theme for these wonderful and efficient features which give the user complete freedom to manage theme.

Read More

There are “encouraging” signs for the Greater Toronto Area (GTA) housing market in RE/MAX Canada’s just-released Quarter Century Market Report, the company’s president has said, not least that market fundamentals appeared “very strong” during that 25-year stretch.

Christopher Alexander (pictured top) told Canadian Mortgage Professional that the average yearly price appreciation of just over 7% during that period was similar to that of the previous quarter-century, a development that suggested a strong and robust GTA market.

“I find that very interesting because 7% is the best you can hope for as far as an overall market health appreciation number. Once you get over that 7% mark, you’re into pretty strong upward pressure, and then people get concerned about longevity,” he said.

For brokers and lenders specializing in the realms of commercial and construction financing, the COVID-19 pandemic has thrown up a unique challenge: supply chain snarls that have seen the cost of materials spiral upwards and disrupted the building process across Canada.

The acuteness of the problem is shown in Altus Group’s recently released Canadian Cost Guide 2022, a measure of construction costs across the country, which revealed that 2021 had witnessed a spike in the cost of building compared with the previous year.

Total construction spending in Canada nearly shattered the $300 billion mark last year, the guide said, with the residential side accounting for $126 billion, ICI (industrial, commercial, institutional) totaling $73 billion, and $100 billion shelled out on infrastructure.