After a muted fall market, real estate sales and prices are expected to increase across Canada in 2024, but Ontario will remain a mixed bag, Re/Max says in its housing outlook report published Tuesday. Toronto prices are forecast to drop by 3 per cent, and even further in Kitchener at 8 per cent, while some […]
Toronto Regional Real Estate Board TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) — The City of Toronto is the engine that drives Ontario’s economy. When Toronto does well, Ontario does well. However, Toronto has a housing supply crisis, and we desperately need to build more homes if we are going to protect the Canadian dream of […]
After a recent report sounded a warning alarm for Canada’s most populous region — finding that more than a third of local residents are lonesome at least three days a week, and that people’s networks of close family and friends have thinned away — the report’s lead author says the impact of ever-climbing housing costs, […]
After a recent report sounded a warning alarm for Canada’s most populous region — finding that more than a third of local residents are lonesome at least three days a week, and that people’s networks of close family and friends have thinned away — the report’s lead author says the impact of ever-climbing housing costs, […]
TORONTO — Signs of economic slowdown are growing, and Canadian banks could add more evidence this upcoming week. The Big Six banks are set to report fourth quarter results that analysts expect to show lower earnings, more money set aside tocover bad loans, and hints of rising mortgage strain. The results come as economic growth […]
As an example, someone who considered themselves fortunate to secure a 5-year variable rate mortgage at 0.9% in early 2022 may have seen their interest rate soar to 5.4%, leading to a significantly higher required payment. For some, this situation is painful, and for others, it becomes unmanageable. In extreme cases, selling the home they […]
Open this photo in gallery: The house at 3547 Trelawny Circle, in Mississauga, Ont., was listed with an asking price in the $2.2-million range and sold for $1.895-million.Royal LePage Real Estate Services Ltd. Real estate buyers who look beyond Toronto to some of the Golden Horseshoe’s small towns and suburbs have been eyeing the market […]
A Halifax mall has been purchased by a Toronto-based real estate investment trust for $370 million. On Monday, Primaris REIT announced it had acquired the Halifax Shopping Centre and the Annex in the city’s west end. Alex Avery, Primaris’ CEO, said in an interview the city’s record population growth over the last five years made […]
A Halifax mall has been purchased by a Toronto-based real estate investment trust for $370 million. On Monday, Primaris REIT announced it had acquired the Halifax Shopping Centre and the Annex in the city’s west end. Alex Avery, Primaris’ CEO, said in an interview the city’s record population growth over the last five years made […]
Skyrocketing house rents and unrealistic conditions to own a rented space in metro cities like Bangalore reflected rising inflation of real estate sectors in these cities. However, housing inflation rose to new heights in Canada where rent of half of a bed shoots to ₹54,000 per month. Also Read: India-Canada row: MEA reiterates need to […]
Toronto’s housing market has fallen from its red-hot glory, with sales numbers dropping by staggering amounts, homes sitting on the market for far longer and sellers letting things go for below asking price, a far cry from the bidding wars and quick sales of yore. Along with new condo developments being put on hold while investors back out […]
A realtor says that a recent Facebook Marketplace listing for a shared bedroom is yet another sign of how “unhinged” Toronto’s rental market has become. In screenshots of the listing, obtained by CTV News Toronto, the poster was looking to find a roommate to move in as of January. CTV News Toronto could not reach […]
A townhouse in Toronto that’s been listed four times in the past few weeks shows just how much home prices in the city tend to fluctuate on a month-to-month basis, given the overall decline in buyer interest thanks to affordability concerns. The two-bedroom, two-bathroom townhouse, located at 46 East Liberty Street, was first listed on the market […]
Barrie comes in at #9 for cheapest Ontario cities with the best quality of life – Photo by Amanda N Sherrington, via Flickr While homes and other goods are certainly not known for being affordable in Ontario, there are many cities in the vast and scenic province known for both attainable housing and quality of […]
Condominium project marketing expert Charles Jaque of RDS (Residential Development Services) joins host Gerald Tostowaryk to discuss strategies, techniques and market forces affecting major condo project development in the Toronto marketplace. .byline-card { display: grid; grid-gap: 20px; padding: 10px; grid-template-columns: 114px auto; } .byline-info, .byline-image{ margin-top: 15px; } @media all and (min-width: 768px){ .byline-card{ display: […]
Open this photo in gallery: In September, Toronto’s city council approved an increase to municipal land transfer tax rates for homes valued at $3-million and above.Fred Lum/The Globe and Mail A number of properties in the affluent Toronto enclaves of Rosedale, Forest Hill and the Bridle Path have found buyers in recent weeks. The city’s […]
House Statistics House sales (low-rise freehold detached, semi-detached, townhouse, etc.) in the Greater Toronto Area (GTA) in October 2023 were down 3% over the same month last year. New house listings in October were up 44% over last year. The number of houses available for sale (“active listings”) was up 66% in October compared to […]
While prices continued a slow climb, the number of homes sold in most major markets in northeastern Ontario dropped last month. The biggest dip was in the Timmins area, where October sales dropped by 26.5 per cent compared with the same month in 2022. The average sale price in the Timmins-Cochrane-Timiskaming districts last month was […]