Master-planned communities, combining residential units with commercial spaces and parks, attract diverse residents and investors. Infrastructure improvements and affordability in Scarborough and North York position them as key growth markets....
Market Update
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....
The pre-construction market in the Greater Toronto Area is growing, especially in Scarborough and North York, due to master-planned communities that combine residential, commercial, and recreational spaces. Infrastructure improvements like the Scarborough Subway Extension are boosting these areas' appeal, which are more affordable than downtown Toronto. Rising competition for pre-construction...
Updating your kitchen with quartz countertops and smart appliances significantly enhances resale value. Adopting a neutral color palette makes your home more appealing to potential buyers and feels modern....
The Trust in Real Estate Services Act (TRESA), effective December 1, 2023, impacts Ontario buyers and sellers. Under TRESA, brokerages can designate different realtors for buyers and sellers in the same transaction....
In Mid-Q4 2024, Ontario residents will receive the Canada Child Benefit (CCB) and Ontario Trillium Benefit (OTB).The CCB provides monthly support for families with children under 18 to cover essential expenses....
Ontario cities fear new provincial rules allowing individual development applications could undermine long-term urban planning. The provincial planning statement mandates cities to evaluate ad hoc applications, increasing administrative costs and appeals....
Property reassessment in Ontario remains on hold, maintaining 2016 market values for the 2025 tax year. The fall economic statement reveals upcoming flexibility for municipalities regarding student housing tax subclasses....
FSRA’s 2024-2025 plan focuses on protecting consumers in the expanding private mortgage market. Private mortgages hit 20.4% of market volume and 15.6% by value in 2023, increasing from 2022....
Since December 2023, Ontario sellers can opt for open bidding, disclosing bid details to all participants. Open bidding can reduce overbidding by giving buyers insight into competing offers, potentially stabilizing prices....