Category: Uncategorized
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Which Toronto Districts Are Truly the Best?
Danforth: Family-friendly with good schools, parks, and easy transit access. Average house price: $1.3M North Riverdale: Safe with ranked schools and scenic green spaces. Average house price: $1.5M
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Happy Victoria Day
The holiday has been observed since 1845, as a celebration to honour Queen Victoria. The day unofficially signals the start of summer for many Canadians. It is celebrated with parades and fireworks in some cities. Sending our warmest wishes to everyone for a happy and peaceful long weekend.
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“Scaring On The Psyche”: TD Calls For Further 10% Drop In Condo Prices This Year
TD Bank forecasts GTA condo prices to drop 15-20% from their 2023 peak by the end of 2025, with a 10% decline this year due to reduced demand, higher interest rates, and excess supply. Factors include trade war uncertainty, slower population growth, and high condo completions. While prices remain above pre-pandemic levels, a strong rebound…
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Rent prices in GTHA keep dropping but that could change soon. Here’s why.
Rents in the Greater Toronto and Hamilton Area fell 2.2% year-over-year in Q1 2025, with average condo rents dropping 10% from their peak to $2,612. Increased supply, including 2,136 new units completed—a 173% rise from last year—improved affordability. However, construction of purpose-built rentals declined 60%, reaching a nine-quarter low. Vacancy rates rose to 3.5%, highest…
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Greater Toronto Home Sales Drop in Late-Q1
Toronto home sales dropped to 5,011 in March—what's really behind this unexpected slowdown? Sales were down 2.4% MoM, while new listings surged 28.6% to 17,263 properties.
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Realty Check: 84% GTA neighbourhoods underbid in April
April saw the quietest bidding competition in the Greater Toronto Area since mid-2022, with 84% of neighborhoods underbidding, up from 73% in March and 39% last year. Economic concerns and election uncertainty dampened consumer confidence, delaying the spring market's usual activity. Condos lagged behind single-family homes in demand, though the gap is narrowing. Most underbidding…
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Toronto New Listings Surge Ahead of Spring Rebound
Toronto's housing market shows signs of recovery with a 10% rise in resales from December to January. New listings spiked by 26%, as many sellers anticipate stronger demand ahead of the spring season.
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30-year record low: New condo sales continue to decline in Toronto
New condo sales in the Greater Toronto Hamilton Area have dropped over 60% year-over-year, hitting the lowest quarterly total since 1995. Q1-2025 sales fell 88% below the 10-year average, with only 215 new sales in Toronto, the lowest since 1990. This decline has led to shelving of over 5,700 units in 28 presale projects. Unsold…
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Happy Mother’s Day
Mother's Day is a celebration honoring the mother of the family or individual, as well as motherhood, maternal bonds, and the influence of mothers in society. The origins of commemorating motherhood dates back to the Ancient Greeks, where in spring festival, they celebrated the goddess Rhea, considered the Mother of the Gods. Anna Jarvis’s lobbying…
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What Federal Housing Promises Could Mean for Toronto and the GTA
Toronto's housing affordability crisis is a key election issue, with all major federal parties pledging to reduce costs and increase supply. Proposals include removing GST on new homes, boosting construction rates, and cutting development fees. Approaches to affordable housing vary, from new federal agencies to land use policies and rent protections. Experts stress that lasting…