Category: Uncategorized
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GTA Home Sales Soar 44% in Early-Q4
In October, home sales in the Greater Toronto Area surged by 44.4% year-over-year, with 6,658 transactions. Toronto saw 2,509 home sales, a 37.6% increase, while other GTA areas rose by 48.9% to 4,149 sales.
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GTA Home Sales Rebounding: Stronger Winter Predicted
The GTA housing market showed signs of recovery with an 8.5% increase in home sales. If interest rates continue to decline, a winter surge in home sales and prices is anticipated.
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$1.5M Cap Change May Drive GTA Home Sales!
Raising the insured mortgage cap to $1.5 million may increase market activity, especially in the Greater Toronto Area. Around 20% of homes fall within the new range, with the GTA’s median home price at $1.2 million.
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GTHA New Condo Sales Down 81% Yearly
New condo sales in GTHA totalled 567 units in Q3-2024, the lowest since Q1-1995. Sales ↓ 81% yearly, 87% below the latest 10-year avg for Q3.
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GTA Housing Supply Is at Risk
The GTA's housing supply could deteriorate in the coming years due to declining development applications. Population growth continues to outpace new housing, worsening the existing supply shortage in the GTA.
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Check out my listing Address: 585 E Colborne Unit #609, Brantford, Ontario N3S0K4
Discover this pristine townhome featuring 2 bedrooms, 2.5 bathrooms, The Burnley Model 1,395 sq. ft. of finished living space. Step into the large, tiled foyer of this modern home, offering convenient access to the single-car garage and a spacious flex room with laminate flooring, perfect for a customizable space to suit your needs. On the…
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GTA Condo Listings Soar Ahead of Rate Cuts
Double-digit condominium inventory growth in Toronto reflects increased seller participation as buyers anticipate future rate cuts.Average condominium prices in Greater Toronto fell by 2% compared to the previous year, reaching ~$733K
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Will Ottawa’s New Mortgage Rules Help You Buy in GTA?
Ottawa's new mortgage rules aim to assist homebuyers in the Greater Toronto Area (GTA). Eliminating the 20% downpayment requirement for $1M to $1.5M homes increases accessibility.
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Waiting list spots available to own a home on the Toronto Islands
Prospective home buyers can now apply for a chance to own a home on the Toronto Islands by joining the Purchasers' List, open for four weeks every two years. There are 27 spots available, and a draw will determine who gets added to the waiting list, which can hold up to 500 names. Homes range…
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GTA’s Home Sales Rise in Late-Q3: Is Recovery Close?
GTA home sales in September reached 4,996, slightly up from August but 8.5% higher than September last year. The increase in sales is driven by lower interest rates and affordable conditions, boosting homeownership demand.