High-interest rates and buyer hesitancy contribute to slow sales in the Greater Toronto Area, ↓ ~13% in 2023. Experts anticipate "continued stagnation" unless mortgage rates significantly drop or sellers accept lower bids in 2024....
Market Update
Avg Studio Rent: ↑ 4% yearly to $1,840 Avg 1-Bedroom Rent: ↑ 5% yearly to $2,238...
恭喜發財. Wishing you prosperity. Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good. Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off...
1. The country's largest housing market with over 5.4M properties, subject to regional variations in prices and types. 2. Despite ample public transit, 80% of residents prefer cars, prompting newcomers to obtain local driver's licenses after 60 days....
Toronto homeowners may face a 10.5% property tax increase, while York Region's increase is 2.75-4.7%, Peel Region's is 1.9-4.5%, Halton Region's is 3.4-5.93%, and Durham Region's is 2.5-7.5%. The tax increases vary by city within each region. Continue to full article...
The central theme for Ontario's 2024 politics is the affordability crisis, shaping discussions on the cost of living. Affordability concerns persist; record-low holiday sales signal economic challenges....
The average price of rental units in Brampton remained stable in January, with one-bedroom units at $2,117, nearly 9% higher than the national average. Brampton is now the 8th most expensive city to rent in Canada. Rental demand is expected to remain strong, leading to an increase in home buying activity as interest rates decline. Continue to full article...
~51% of Ontarians now prioritize housing affordability, ↑ 16% in 3-yr, according to a survey by the Ontario Real Estate Association.The survey indicates rising financial struggles among Ontarians, with 52% covering monthly expenses but unable to save....
Ontario's housing challenges prompted government actions in 2023, aiming for positive changes. The commitment to construct 1.5M homes by 2031 requires collaboration from all levels. Richard Lyall underscores the need for urgent solutions to improve the housing situation....
Discover an extraordinary opportunity on this sprawling 3.99-acre sanctuary, ideal for outdoor enthusiasts and hobby farmers. A captivating 1.5-story retreat unfolds, offering a canvas for endless possibilities. The generously sized attached garage provides potential living space, complemented by a stable and barn for hobby farming ventures.This charming...