Recent Posts
Better-Supplied Condo Market in Q4 2023
February 4, 2024
Fourth quarter 2023 condominium apartment sales in the Greater Toronto Area (GTA) remained low historically, as the demand for ownership housing continued to be hampered by affordability concerns brought about by high borrowing costs. Buyers who were active in the market benefitted from a substantial amount of choice. This meant that average selling prices were […]
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Toronto Resale December and Year-End 2023 Statistics Released
January 22, 2024
While the overall demand for housing remained buoyed by record immigration in 2023, more of this demand was pointed at the rental market. The number of Toronto home sales in 2023 came in at less than 70,000 due to affordability issues brought about by high mortgage rates. High borrowing costs coupled with unrealistic federal mortgage […]
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Toronto’s Luxury Land Transfer Tax Takes Effect on January 1, 2024
January 1, 2024
In September 2023, the City Council of Toronto approved imposing a “Luxury Land Transfer Tax,” starting January 1, 2024. In addition to other revenue methods, such as removing the cap on $5/hour street parking and requesting the provincial government to implement a municipal sales tax or receive a cut from the existing HST, the City […]
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Happy Holidays from Casey Ragan
December 25, 2023
If you want to buy or sell a Toronto condo or loft, contact Casey Ragan at 416-486-5588 or by email at casey@remaxhallmark.com Casey Ragan “Toronto’s Condo Authority” Toronto Condos and Lofts Like Me on Facebook Follow Me on Twitter Link to Me on LinkedIn
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November 2023 Toronto Resale Market Statistics
December 21, 2023
High borrowing costs and uncertain economic conditions continued to weigh on Toronto home sales in November 2023. Sales were down on a year-over-year basis, while listings were up from last year’s trough in supply. With more choice in the market, selling prices remained basically flat year-over-year. Inflation and elevated borrowing costs have taken their toll […]
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