Category: Uncategorized
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Cold housing market meant fewer sales last month in Oakville, Burlington, Milton
In July, home sales in Burlington, Milton, Oakville, and Halton Hills dropped significantly, with an overall decrease of 17.6% month-over-month. Despite fewer sales and new listings, average prices remained stable, with a slight decrease of 0.5% to $1,246,352. Oakville saw a minor price dip of 0.3%, while Burlington's average price fell by 3.3%. Halton Hills…
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Tick Tock: Condo and Detached Prices Climbing Fast in GTA
Southern Ontario's real estate market is experiencing skyrocketing inventories and stagnant property sales. Detached home prices in the Greater Toronto Area (GTA) increased by over 5% since January 2024.
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GTA Home Sales up, Prices Dip in Early-Q3
GTA Housing in Early-Q3: – Sales: increased by 3.3% yearly – New listings: increased by 18.5% – Active listings: rose by 55.4% – Avg price: drop 1% to $1,106,617 York Region had the highest average home price in the GTA at $1,305,476.
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Condo Fees: The Wild Ride of GTA Living
Condos in cities like Toronto are popular for their convenience and affordability compared to houses. Median house prices in Toronto are ~$1.3M, while condos average ~$672K, offering a cheaper entry point.
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Rent or Own? The Path to Owning Your Home
Weigh Flexibility vs. Investment: Renting offers flexibility, while buying builds equity and offers tax benefits. Consider Long-Term Stability: Buying is better if you plan to stay in one place for many years.
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GTA’s Biggest Spenders and Savers in Condo Fees
Older luxury buildings in downtown Toronto have the highest condo fees, ranging from $1,075 to $2,268. These high-fee buildings often include amenities like pools, saunas, gyms, and sometimes car washes and squash courts.
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Orangeville Market Update
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Niagara Market Update
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Oakville Market Update
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Greater Toronto Market Update