Detached: $1.44M, ↑ 0.2% yearlySemi-detached: $1.12M, ↑ 5% yearly...
Market Update
Condo prices in GTA shifted significantly, offering tempting deals in 2024. High interest rates and low activity changed the GTA condo market in two years....
The Greater Toronto Area is in need of more rental housing supply to accommodate its growing population. Purpose-built rental developments face challenges due to the economics of building and managing them. Efforts by all levels of government are crucial to meet the demand for rental homes in the future. Continue to full article...
Current progress: - Ontario is ~19% towards its goal of building 1.5M homes by 2031. Challenges and contributing factors: - Shortage of builders and land, along with a bias against development, hinder housing growth....
GTA faces housing needs for both rental and ownership, but adding supply is complex and time-consuming. Purpose-built rental struggles economically, especially in justifying initial investments, making it sensitive to tax changes....
Nowruz is a 3,000-year-old festival, making it one of the oldest in the world. Haft-Sin is a Nowruz table, featuring 7 symbolic items, all beginning with "sin" and representing different aspects of life. Nowruz celebrated by over 300M worldwide, including Iran, Afghanistan, Tajikistan, Uzbekistan, Azerbaijan, and many more. Nowruz is a time for...
Two approaches for sellers wanting tenants to move out during the sale process: N12 notice or negotiating an N11 agreement.Seller's Perspective on N12 Process: - Property may sell with tenant, but at a lower price - Buyers may request compensation if tenants resist vacating...
Lakeview, Mississauga - Median underbid amount: -$188K - Median sale price: $1.56M Eastlake, Oakville - Median underbid amount: -$160K - Median sale price: $2.98M...
Sales: 975, ↑ 45% yearly Prices: $722K, unchanged yearly...
TRREB forecasts a rebound in GTA housing market in 2024, with sales expected to ↑ and supply-demand conditions to tighten.Sales projected to reach 77K by year-end, with avg selling price expected to ↑ ~4% to $1.17M....