Category: Uncategorized
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Things Homeowners Should Check in Winter
Protect Pipes: Insulate exposed pipes to prevent freezing and bursting during cold weather. Seal Air Leaks: Check windows, doors, and outlets for gaps to save on heating costs.
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Council approves new housing plan for Oakville, with hopes of improving affordability
Oakville town council has approved a new Housing Strategy and Action Plan (HSAP) aimed at improving housing choice and affordability. The plan includes nearly 70 actions to address the housing crisis, following extensive public consultation. Key initiatives include developing a Community Planning Permit System, enhancing the Sheridan College Housing Taskforce, and creating guidelines for the…
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GTA Neighbourhoods’ Housing Performance in Mid-Q4
York saw a price drop, down 3 per cent to just under $1.22-million, coupled with a 1 per cent decline in sale to 11,457. Durham posted a 3 per cent price drop to $860,000, and a 3 per cent jump in sales to 8,8682.
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Why Apartments Dominate Ontario’s Housing Market
Ontario's housing market is dominated by apartments, comprising 83.72% of new home sales, signaling a growing urban trend. Single-family homes rank second in Ontario, representing 10% of new sales, highlighting suburban preferences.
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Halton sees rapidly growing wait-list for affordable units amid housing crisis
A new $196-million plan aims to tackle the housing crisis in Halton, where high rents and increased demand for assisted housing have led to visible homelessness. With 1-bedroom apartments averaging over $1,900, many residents struggle to afford housing. The HATCH wait list has grown by 52% since 2021, with over 7,100 names. Shelters are over…
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Toronto’s Condo Market: A 40-Year Evolution
Toronto’s condo market has seen significant growth since the 1980s, with over 500 towers expected by 2030. Condo prices in Toronto average C$707,917 (US$509,215) in 2024, making it Canada’s second-most expensive market.
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Lowest among neighbouring municipalities: Proposed Oakville property tax increase approaching 5 per cent
Oakville's proposed budget for 2025 includes a property tax increase of 4.84% to 4.91%. The mayor emphasized that the budget supports growth and maintains essential services. The overall tax increase results from a projected 6% tax levy, offset by a zero percent education rate increase and a 5.99% rise in the Halton Region tax levy.…
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Average GTA Home Prices Climb 2.6% in Mid-Q4
GTA home sales surged 40.1% in November 2024, signaling a housing market recovery. New listings rose 6.6% annually, but slower growth led to tighter market conditions and price increases.
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Ontario Home Prices Set to Rise 5% in 2025
Ontario home prices are expected to ↑ 5% in 2025, driven by increased sales activity. First-time homebuyers will drive market activity, especially in more affordable regions across Ontario.
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Doug Ford awards $7 million in funding for Oakville housing
Ontario Premier Doug Ford announced $7.06 million in funding for Oakville from the Building Faster Fund, aimed at addressing housing needs. The fund rewards municipalities for meeting provincial housing targets as part of a three-year, $1.2 billion program. Ford presented the check at a Chamber conference, highlighting the role of local leaders in securing the…