What are condo fees, how are they calculated, and what do they cover? Condos have become the home of choice for many Toronto homebuyers, particularly first-timers, but increasingly move-up buyers as well. But many don’t understand this lifest...
Bank of Canada Holds Interest Rate at 5%
The Bank of Canada has held its benchmark interest rate at 5%, marking the sixth consecutive pause after a tightening campaign in 2023 to cool high inflation. It appears to be working, with ...
March 2024 home sales reported through TRREB’s MLS® System were lower than the March 2023 result, due in part to the statutory holiday Good Friday falling in March this year versus April last year. Despite a better-supplied market compared t...
Greater Toronto Area (GTA) home sales and new listings were up on an annual and monthly basis in February 2024. Selling prices also edged upward compared to a year earlier. Population growth and a resilient regional economy continued to support...
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 a...
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 ...
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 mar...
Relocating to a big city like Toronto can be a brand-new experience for some people and a nerve-wracking challenge for many. Here are some things that can make your big move more manageable.
Before Relocating
Learn A...
Lack of affordability and uncertainty remained issues for many would-be home buyers in Toronto in October 2023. As a result, sales edged lower compared to last year. However, selling prices remained higher than last year’s levels.
Reco...
The Toronto condo and loft market became much more balanced over the past year. While Q3 2023 Toronto condo and loft sales were up year-over-year, growth in listings far outstripped growth in sales. The result was the average price edging lower...