Mississauga, ON: - Avg 1-bed rent: $2,352 - Avg 2-bed rent: $2,851 Oakville, ON: - Avg 1-bed rent: $2,524 - Avg 2-bed rent: $3,337...
Market Update
In November, TRREB reported ↓ 6% yearly in home sales in Toronto and GTA due to high borrowing costs and economic uncertainties.This slowdown has allowed inventory to rebuild, creating more favorable market conditions for buyers....
Construction setbacks in Greater Toronto and Hamilton area are common, attributed to issues like higher interest rates and construction costs.Most pre-construction contracts allow developers to delay projects for "unavoidable" reasons, as outlined in contracts....
The middle of winter has long been a time of celebration around the world. Many peoples rejoiced during the winter solstice, when the worst of the winter was behind them, and they could look forward to longer days and extended hours of sunlight.Popular modern customs include gift-giving and the display of various holiday decorations.Here's wishing you...
GTA home sales fell six per cent in November as high borrowing costs and uncertain economic conditions persisted. Continue to full article...
House sales in GTA ↓ 3% in Mid-Fall, with new listings ↑ 44%. Active house listings ↑ 66% in Mid-Fall, leading to a rise in Months of Inventory. Condo sales in Toronto ↓ 5% in Mid-Fall, with new listings ↑ 41%....
The need for over 300K new rental homes in GTA within a decade. The federal government eliminates the Goods and Services Tax (GST) on new apartment building construction. A proposal has emerged to reinstate a tax policy from the 1970s and 80s that encouraged rental construction....
Brampton Launches New Residential Rental Licensing Pilot Program Continue to full article...
Peel condominium sales ↓ ~ 20%, while Halton's housing market saw an ↓ 11% yearly. Most regions and house types had sales volumes within 5% of last year.Active listings across GTA ↑ > 50% for all house types....
Condo sales in the Greater Toronto Area (GTA) are at their lowest levels in a decade, with only 1,872 new home sales in October, down 7% from the previous year. Inventory levels have exceeded 21,000 units for the first time since 2016. The decline in sales is attributed to current monetary policy, interest rates, and affordability issues. Builders are testing the market with new launches to gauge buyer...