Category: Uncategorized
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Outdoor Upgrades That Pay Off: Expert Tips!
Land Clearing Benefits – Improves curb appeal – Easier upkeep with cleared land – Increases property value and usability Forestry Mulching Advantages – Cost-effective for clearing small vegetation – Preserves roots, reducing erosion risks – Creates a "park-like" backyard scene
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FSRA Tightens Oversight on Private Mortgages in Ontario
FSRA’s 2024-2025 plan focuses on protecting consumers in the expanding private mortgage market. Private mortgages hit 20.4% of market volume and 15.6% by value in 2023, increasing from 2022.
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Underbidding Dominates GTA Market in Early-Q4
In October 2024, 70% of homes in the GTA sold for below their list price. Despite increased sales, overbidding activity remains low across the Greater Toronto Area.
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Toronto report recommends fee reductions, other steps to create new rentals
City of Toronto staff have recommended measures to develop 20,000 new rental homes, including 4,000 affordable units. The city plans to build 7,000 homes using its resources and proposes a new incentive program to expedite construction. Eligible projects must include at least 20% affordable units and start by 2026. The report also calls for provincial…
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Toronto has a plan to incentivize the construction of 20,000 new rental homes
Toronto city staff propose a plan to build 20,000 rental homes, contingent on financial support from other government levels. The initiative includes a new incentive program to construct 7,000 rental homes, with 1,400 affordable units, by deferring development charges and waiving property taxes for 40 years. A second phase aims for an additional 13,000 homes,…
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Ontario’s Cooling-off Period for Purchases
Buyer’s remorse is the regret felt after significant purchases, particularly homes. Ontario's Consumer Protection Act allows buyers a cooling-off period for certain purchases.
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Ontario Home Prices Stable in Late-Q3, Yearly Decline!
Ontario home prices remained stable in September compared to August, continuing a trend since February 2024. The average single-family home sold for $954,000 in September, a 4.5% decline from September 2023 prices.
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Ontario’s Real Estate Law on Open Bidding
Bidding wars arise from high demand, low supply, and rising interest rates in Ontario's Real Estate market. The new law allows open bidding, letting sellers disclose offer details to all potential buyers.
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Toronto council to consider rental development incentives
Toronto council is considering a new plan to encourage the construction of 20,000 new purpose-built rental homes in response to the city's growing population and insufficient rental housing stock. Continue to full article
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GTA Faces 50-Month Condo Supply Glut
The Greater Toronto Area faces a condo supply glut, with nearly 40,000 units unsold or unoccupied. This includes 24,000 unsold new units, 9,000 resale listings, and 5,000 newly completed assignments.