Category: Uncategorized
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Q2 2024 Greater Toronto Office Market Analysis
Availability rate climbed to 20.2%. Sublet space increased by 419,000 ft². Construction ongoing with 3.2 million ft² in progress.Vacancy rates hit 14%, varying by submarket.
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Detached Homes Are Gaining Value in 40% of GTA
Detached home values are rising in 40% of the Greater Toronto Area (GTA) markets. Experienced buyers and investors are driving activity, as first-time buyers face affordability challenges.
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Mounting condo inventories’ could put downward pressure on Toronto’s real estate market: report
Toronto's housing market remains sluggish due to high borrowing costs, with a report from RBC Economics indicating that more rate cuts are necessary to boost sales. Despite a slight increase in resales in June, July saw a 0.7% decline. Inventory levels are rising, particularly for condos, which have increased by 64% year-over-year. Home prices have…
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Happy Labour Day
Happy Labour Day! Labour Day is a chance to honor and appreciate the hard work and contributions of workers in various industries. It's a chance to look back at workers' rights achievements and labor rights progress over time. Sending warm wishes on Labour Day to honor the dedication and contributions of workers everywhere. May your…
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Planning to Buy a Home This Fall? Expert Tips Inside!
House prices may be higher in fall due to elevated summer closing values. Less competition in fall can be advantageous, but serious buyers are still active.
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Toronto Announces Partners For First Two City-Led Development Sites
Toronto City Council has announced community partners for two of five City-owned sites designated for affordable housing development, aiming to create 65,000 new rent-controlled homes by 2030. The projects at 35 Bellevue Avenue and 11 Brock Avenue will provide 78 and 42 supportive homes, respectively, with completion expected by late 2025. Both developments will feature…
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Affordable Ontario Cities: Top Picks for 2024
Top Ontario Cities Ranking: – Ottawa leads with a home price of $643,700 – Income $126,700 – Unemployment 5.3% – Crime index 52.91 Affordability and Growth: – Simcoe offers homes at $563,500 – Income $110,900 – 5.4% unemployment – 90 walkability score – Moderate crime.
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Mid-Q3 Brings 2 CRA Payments for Ontarians
Ontario residents will receive two CRA benefits payments in August 2024 on the 9th and 20th. The Canada Child Benefit (CCB) payment on August 20th supports families with children under 18.
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Is the Northeastern Ontario Housing Market Slowing?
Home sales softened in most northeastern Ontario cities in Late-Q2.Sudbury and Sault Ste. Marie saw record-high average sale prices in Late-Q2.