Low-rise homes in the GTA have reached record high prices, with the average cost of new detached, semi-detached, and townhomes up 17% in November 2015 compared to the previous year.
“Prices in the low-rise market have more than doubled in the last 10 years,” said BILD president and CEO Bryan Tuckey, referring to the $388,805 average price of low-rise homes in 2005 compared to $818,354 in 2015. “This significantly reduces the average buyer’s ability to afford a new low-rise home in the GTA.”
Lack of inventory is a contributing factor in these record high prices. In 2005 there were 17,311 low-rise homes available for sale, while in 2015, there were only 4,669 – a decrease of 73% overall.
The Well Living Lab, in collaboration with the Mayo Clinic and the University of Minnesota, performed a study to find out if adding portable air purification units would help to keep the air clean from viruses and other harmful airborne…
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The Masterclass offered insights into the world of investing in real estate development, the current Toronto market, and the future of housing in the GTA. Listen to the full Masterclass below. The Masterclass discussed a variety of topics including what…
Peter Politis, CEO and Sarah Mansour, Executive Director of Strategy and Corporate Development at Greybrook Realty Partners joined our developer partner, Marlin Spring to celebrate this major project milestone and speak about the area’s exciting evolution and the future of…
This year, Greybrook is pleased to announce that Christopher Kozub, Greybrook Securities Inc., General Counsel has been recognized as a Leading Lawyer Under 40 as winner of Lexpert’s 2021 Rising Stars Award. Finalists from law firms, in-house legal departments, government,…
Watch the full virtual Fireside Chat below. During the discussion, Peter recounts the unique position Toronto is in for real estate investment opportunities, giving the city plenty of room for long-term sustainable growth. Ranking as one of the most livable…
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With phase I foundations and framing complete, the construction team has been hard at work beginning the drywall and interior finishing work. Alongside developer partner, Marlin Spring, the townhome project will bring over 200 beautifully designed homes to the heart…
The exciting news was picked up by the Atlanta Business Chronicle, Atlanta Agent Magazine and REBusiness Online. Society Atlanta is the latest addition to our growing nation platform in partnership with PMG. With plans set for Atlanta our expanding portfolio…
Peter Politis, CEO of Greybrook Realty Partners and Jared Berlin, Executive Director of Greybrook’s Asset Management group joined our developer partners at Tribute Communities to celebrate this major project milestone and official construction kick off. Located in Downtown Toronto,…
