Category: Uncategorized
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GTA Real Estate Set for Competitive Market in 2025
Greater Toronto Area prices expected to ↑ 5% by Q4 2025 compared to the previous year. Real Estate demand is forecast to grow, with faster home sales and decreased market time in 2025.
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Bank of Canada Rate Cut Odds Plunge Below 30%
Market expectations for a 25-basis-point rate cut at the Bank of Canada’s March 12 meeting fell to under 30%. Analysts argue inflationary pressures and job market strength do not justify further monetary policy easing.
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Toronto Boosts Homeownership Aid for Higher Earners
Toronto expands support for higher-income earners, enabling families earning up to $160,000 to access homeownership aid. The Home Ownership Assistance Program (HOAP) eligibility now includes households in the 80th income percentile, up from 60th.
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A developer seeks to amend Oakville's official plan to build 16 towers at 420 South Service Rd, exceeding the province's transit-oriented community plan. The proposed towers, ranging from 30-48 storeys, would provide 6,964 residential units and commercial space. Concerns were raised by council members about density and park size, with suggestions for adjustments. The developer…
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GTA Home Prices End Year Down Less Than 1%
Toronto real estate faced its slowest year in decades, with condo sales dropping to a 27-year low. A surge of 166,121 new listings in 2024 created abundant inventory, 16.4% higher than 2023.
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New Toronto Short-Term Rental Bylaws Take Effect
Since January 1, hosts must choose between registering as an entire-unit or partial-unit short-term rental operator. The registration and renewal fee for short-term rental operators will increase to $375.
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Happy Family Day
In some families, it’s a day to spend time playing in the snow, building snowmen, or having snowball fights. Some families take advantage of the long weekend to have a "staycation" and enjoy the activities in their own city or town. Take advantage of this wonderful time of year to reinforce your family bonds. Wishing…
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Happy Valentine’s Day
Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400. By the middle of the 18th, it was…
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GTA Housing Market Slows Amid High Rates
Greater Toronto home sales ↓ 1.8% in December, totalling 3,359 transactions. The avg selling price ↓ 1.6% yearly to $1,067,186 in December.
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Toronto’s Construction Slowdown: What’s Driving It?
Toronto struggles with a sharp decline in condominium starts despite its historically large volumes. Toronto reported 6,301 annualized rental starts, falling behind Edmonton's 7,190 units.