Detached homes sales: 3,238 in May, ↓ 19.4% yearly Semi-detached homes sales: 616 in May, ↓ 21.3% yearly...
Market Update
Rent for 1 bedroom apartments in Brampton increased by 7.4% in a year, reaching an average of $2,116 last month. Across Canada, the average one-bedroom rent rose by over 15% to $1,927. Shared accommodation rents also went up, with an average of $992 in May. Continue to full article...
The London St. Thomas Association of Realtors reported a steady housing market in May, with 774 homes sold, up from April. Sales are outpacing last year by 1.8%. The average sales price was $660,430, slightly higher than April. The market is stable, but future activity may be impacted by the Bank of Canada's upcoming announcement. Continue to full article...
GTA condo sales decreased from 10K in 2022 to <1,500 in Q1 2024. Condo inventory piling up, absorption at 30-yr low....
1.5M new homes are needed in the GTA to address the current supply shortage. Today's homes are being built to last and form the backbone of future housing stock....
Use a mortgage calculator to estimate your monthly payments before house hunting. Factors affecting payments include home price, down payment, loan term (15 or 30-yr typically), and interest rate....
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best...
Rental rates in Brampton decreased, moving the city to the 9th spot for most expensive rent in Canada. The average rent in Brampton dropped to $2,137, while the national average increased to $2,188. Ontario saw rent drops for studio, one- and two-bedroom apartments, with only three-bedroom apartment rents increasing. Continue to full article...
Building a house in Brampton may cost 30% more in developer charges due to a new bylaw. The increase in fees is expected to be shouldered by taxpayers as the province aims to freeze rates for developers. This change could impact the city's ability to access federal funding and may hinder affordable housing goals. Continue to full article...
The City of London approved its first office-to-residential program application, transforming the former Rexall building into 15 residential units. The project includes new housing, repurposing of commercial space, and downtown revitalization. The units will be ready for occupancy by fall, with some being affordable housing. Continue to full article...