Category: Uncategorized
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Toronto Condos: Buyer Trends Shift Sharply
Condo sales surged in Toronto: Condos make up 60% of transactions in Toronto, contrasting with 25% across Ontario.Toronto’s market differs from the province: Condo sales in Toronto rose 20%, while other property types saw only a 4% increase.
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Greater Toronto home sales drop in March amid trade concerns
Home sales in the Greater Toronto Area dropped 23.1% in March, with 5,011 homes sold compared to 6,519 in March 2024. New listings increased by 28.6% to 17,263. Economic uncertainty and a federal election are causing potential buyers to adopt a "wait-and-see" approach. The average selling price fell 2.5% to $1,093,254, with all property types…
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Happy Easter
Easter is a Christian holiday that celebrates the belief in the resurrection of Jesus Christ.However, according to many theologians, Easter originally began before the arrival of Christianity.It is believed that Easter is named after the Anglo-Saxon goddess of the dawn and spring, known as Eostre.Examples of Easter traditions include Easter eggs and related games such…
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10 neighbourhoods where homes are selling fast in the Greater Toronto Area
As spring nears, many Canadians are considering new homes, with outdoor space topping the wish list, according to a Wahi survey. 81% prioritize a backyard, especially among single-family home seekers. Other important features include renovated kitchens (59%), finished basements (42%), and parking garages (39%). Condo buyers prioritize renovated kitchens (68%) and parking garages (53%). Regional…
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GTA Condo Maintenance Fees: Highs and Lows
Condos offer low-maintenance living but come with varying monthly maintenance fees in the GTA.In the GTA, one-bedroom condo maintenance fees range from $533-$1,039/month.
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Tax Changes Slow Luxury Home Sales
High-end sales remain steady, but buyers hesitate due to uncertainty and new tax policies. Foreign buyers’ ban limits demand, pushing wealthy investors toward U.S. cities like New York and Chicago.
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Canada invests in building more homes in southern Ontario
The Government of Canada is investing nearly $19 million in local manufacturers to enhance homebuilding efficiency and address housing demands in southern Ontario. This initiative supports 10 construction and homebuilding manufacturers and aligns with Canada’s Housing Plan, aimed at ensuring affordable housing access for all Canadians. The focus on local solutions is crucial for increasing…
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Mid-Q1 Housing Trends in East-End Toronto Areas
Avg home prices in Mid-Q1: – East York & Danforth North: ↑ 18.5% MoM to $1.22M – Riverdale & Danforth Southwest: 6.6% MoM to $1.19M – The Beaches & Danforth Southeast: ↑ 8.8% MoM to $1.31M Detached houses: – East York & Danforth North: ↑ 15.6% MoM to $1.4M – Riverdale & Danforth Southwest: ↑…
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Cutting Canadian Home Costs: Crisis Solutions?
Canada's housing supply and affordability crisis worsens as the stock of new housing falls when needed most. Also, new housing is overtaxed, and ~31% of the cost of a new home is due to taxes, fees, levies, and development charges.
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First-Time Home Buyer’s Guide: 10 Steps For Buying Your First Home
Buying your first home requires careful preparation, especially with high housing prices in Canada. A down payment typically ranges from 5% to 20% of the home's price, with additional costs like closing fees, home inspections, and property taxes. First-time buyers can access various incentives, such as the First-Time Home Buyers Incentive and the RRSP Home…