Older luxury buildings in downtown Toronto have the highest condo fees, ranging from $1,075 to $2,268. These high-fee buildings often include amenities like pools, saunas, gyms, and sometimes car washes and squash courts....
Market Update
GTA home sales fell by 16.4% in June 2024, with 6,213 homes sold compared to June 2023.New listings increased by 12.3% year-over-year, reaching a total of 17,964....
Rent Increase Cap: Ontario's annual rent increase cap remains at 2.5% for the upcoming year. Tenant Protection: The province maintains this as the lowest rate across Canada....
The London and St. Thomas Association of Realtors reported 678 homes sold in June with 1,510 new listings. Average prices varied: Central Elgin rose to $822,389, London East to $530,031, London North decreased to $753,575, and Middlesex Centre increased to $1,164,378. LSTAR Chair noted market resilience and adaptability, with overall average home price at $671,309. St. Thomas saw average home price drop...
Refinancing a mortgage in Ontario offers potential relief from high interest rates. It involves replacing your current mortgage with a new one to adjust terms and rates....
Ontario landlords can raise rent by up to 2.5% in 2025, reflecting consistent rates in recent years. Impact of Inflation: Without the cap, the increase would have been 3.1% due to inflation....
London city hall is considering offering cash incentives to builders for adding affordable units and to landlords converting offices to apartments. City staff suggest using a $74-million federal fund to provide increased incentives. The proposals include offering $45,000 for each affordable unit added and increasing grants for apartment units converted from offices to $35,000. The goal is to build 3,000...
Ontario's growing Real Estate inventory is giving homebuyers more power in negotiations....
Developer charges in Brampton are being reduced by up to 25% for rental builds to align with the province's housing goals. The city council approved changes to lower development charge rates for various types of housing, including single homes, apartments, and industrial builds. These adjustments aim to support the construction of 1.5 million new homes in Ontario, with Brampton expecting around...
Taxes, fees, and levies account for 31% of new home costs. Approval processes add months to building projects....