{"id":7630,"date":"2020-12-01T10:27:14","date_gmt":"2020-12-01T15:27:14","guid":{"rendered":"https:\/\/www.teranet.ca\/insights\/teranet-market-insight-report-explores-the-latest-trends-in-the-ontario-housing-market\/"},"modified":"2024-07-08T13:36:49","modified_gmt":"2024-07-08T17:36:49","slug":"teranet-market-insight-report-explores-the-latest-trends-in-the-ontario-housing-market","status":"publish","type":"post","link":"https:\/\/www.teranet.ca\/fr\/insights\/teranet-market-insight-report-explores-the-latest-trends-in-the-ontario-housing-market\/","title":{"rendered":"Teranet Market Insight Report Explores The Latest Trends in the Ontario Housing Market"},"content":{"rendered":"[vc_row type=\u00a0\u00bbin_container\u00a0\u00bb full_screen_row_position=\u00a0\u00bbmiddle\u00a0\u00bb column_margin=\u00a0\u00bbdefault\u00a0\u00bb column_direction=\u00a0\u00bbdefault\u00a0\u00bb column_direction_tablet=\u00a0\u00bbdefault\u00a0\u00bb column_direction_phone=\u00a0\u00bbdefault\u00a0\u00bb scene_position=\u00a0\u00bbcenter\u00a0\u00bb text_color=\u00a0\u00bbdark\u00a0\u00bb text_align=\u00a0\u00bbleft\u00a0\u00bb row_border_radius=\u00a0\u00bbnone\u00a0\u00bb row_border_radius_applies=\u00a0\u00bbbg\u00a0\u00bb overflow=\u00a0\u00bbvisible\u00a0\u00bb overlay_strength=\u00a0\u00bb0.3&Prime; gradient_direction=\u00a0\u00bbleft_to_right\u00a0\u00bb shape_divider_position=\u00a0\u00bbbottom\u00a0\u00bb bg_image_animation=\u00a0\u00bbnone\u00a0\u00bb][vc_column column_padding=\u00a0\u00bbno-extra-padding\u00a0\u00bb column_padding_tablet=\u00a0\u00bbinherit\u00a0\u00bb column_padding_phone=\u00a0\u00bbinherit\u00a0\u00bb column_padding_position=\u00a0\u00bball\u00a0\u00bb column_element_spacing=\u00a0\u00bbdefault\u00a0\u00bb background_color_opacity=\u00a0\u00bb1&Prime; background_hover_color_opacity=\u00a0\u00bb1&Prime; column_shadow=\u00a0\u00bbnone\u00a0\u00bb column_border_radius=\u00a0\u00bbnone\u00a0\u00bb column_link_target=\u00a0\u00bb_self\u00a0\u00bb column_position=\u00a0\u00bbdefault\u00a0\u00bb gradient_direction=\u00a0\u00bbleft_to_right\u00a0\u00bb overlay_strength=\u00a0\u00bb0.3&Prime; width=\u00a0\u00bb1\/1&Prime; tablet_width_inherit=\u00a0\u00bbdefault\u00a0\u00bb tablet_text_alignment=\u00a0\u00bbdefault\u00a0\u00bb phone_text_alignment=\u00a0\u00bbdefault\u00a0\u00bb animation_type=\u00a0\u00bbdefault\u00a0\u00bb bg_image_animation=\u00a0\u00bbnone\u00a0\u00bb border_type=\u00a0\u00bbsimple\u00a0\u00bb column_border_width=\u00a0\u00bbnone\u00a0\u00bb column_border_style=\u00a0\u00bbsolid\u00a0\u00bb][vc_column_text]<img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-3511\" src=\"https:\/\/www.teranet.ca\/wp-content\/uploads\/2020\/12\/Picture1-300x158-1.png\" alt=\"read the report\" width=\"300\" height=\"158\" \/>2020 has seen the introduction of new government policies as well as a change in buyer preferences. These factors have impacted the housing and mortgage markets in Ontario.<\/p>\n<p>The eighth edition of the Teranet Market Insight Report explores these factors and delivers a comprehensive analysis of the real estate market in Ontario.<\/p>\n<p>The report examines trends related to mortgage registrations and sales volumes, the changing preferences of non-first-time homebuyers, whether the work from home climate is affecting buyer activity, and more.<\/p>\n<p>Some of the key findings include:<\/p>\n<ul>\n<li>Monthly registered residential sales value has steadily increased from $7.83 billion in February 2020 to $17.34 billion in August 2020.<\/li>\n<li>The majority of monthly sales came from non-first-time homebuyers. This is particularly evident, in August, as over 85% of the monthly sales value originated from this buyer segment during the month.<\/li>\n<li>In 2020, non-first-time homebuyers gravitated towards non-condo properties over condos and purchased significantly fewer condos this summer compared to the volumes seen in the summer months of 2019 and 2018.<\/li>\n<li>First-time and non-first-time home buyers, both showed increased interest in seasonal properties in the same areas\/municipalities. These include Wasaga Beach, Muskoka Lakes, Central Frontenac, Rideau Lakes, and Huntsville.<\/li>\n<li>A closer look at the mortgage market shows that homeowners chose to stay with the same lender and borrowed more money in their new mortgage.<\/li>\n<\/ul>\n<p>We are committed to providing you with a comprehensive, timely analysis of the Canadian housing market. If you need more information about this report\u2019s data, the Teranet Data Science Lab can help. You can contact us at: <a href=\"https:\/\/www.teranet.ca\/contact-us\/\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.teranet.ca\/contact-us\/<\/a><\/p>\n<p>To stay updated about news and reports from Teranet, connect with us on social media \u2013 we are on<a href=\"https:\/\/twitter.com\/teranet_social\" target=\"_blank\" rel=\"noopener noreferrer\"> Twitter<\/a> and\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/teranet-inc.\/\" target=\"_blank\" rel=\"noopener noreferrer\">LinkedIn<\/a>.[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=\u00a0\u00bbin_container\u00a0\u00bb full_screen_row_position=\u00a0\u00bbmiddle\u00a0\u00bb column_margin=\u00a0\u00bbdefault\u00a0\u00bb column_direction=\u00a0\u00bbdefault\u00a0\u00bb column_direction_tablet=\u00a0\u00bbdefault\u00a0\u00bb column_direction_phone=\u00a0\u00bbdefault\u00a0\u00bb scene_position=\u00a0\u00bbcenter\u00a0\u00bb text_color=\u00a0\u00bbdark\u00a0\u00bb text_align=\u00a0\u00bbleft\u00a0\u00bb 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