Category: Uncategorized
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Toronto & Vancouver Are Now The Weakest Real Estate Markets In Canada
Canadian real estate is experiencing significant shifts, with the sales to new listings ratio (SNLR) dropping to 44.5% in September, nearing a buyer's market. Toronto and Vancouver now have the weakest demand, with SNLRs of 27.6% and 30.3%, respectively. Conversely, cities like Quebec City and Sudbury are seeing increased demand, particularly in government employment hubs.…
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Proyecto para convertir edificio de oficinas en Londres en viviendas recibirá $3.29M en subvenciones municipales
La ciudad invertirá casi $3.3 millones para convertir un edificio de oficinas infrautilizado en el centro de la ciudad, ubicado en 195 Dufferin Ave., en 94 unidades residenciales, incluyendo 80 de un dormitorio y 14 de dos dormitorios, con un 40% designado como asequible. Esta iniciativa es parte de un programa de conversión de oficinas…
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GTA Condo Listings Soar Ahead of Rate Cuts | Watch Today’s Real Estate Updates & Tips
Double-digit condominium inventory growth in Toronto reflects increased seller participation as buyers anticipate future rate cuts.Average condominium prices in Greater Toronto fell by 2% compared to the previous year, reaching ~$733K
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GTA’s Home Sales Rise in Late-Q3: Is Recovery Close? | Watch Today’s Real Estate Updates & Tips
GTA home sales in September reached 4,996, slightly up from August but 8.5% higher than September last year. The increase in sales is driven by lower interest rates and affordable conditions, boosting homeownership demand.
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Toronto Considering DC Deferrals, Property Tax Cuts For Purpose-Built Rentals
The City of Toronto aims to increase purpose-built rental housing, as outlined in a new report proposing the development of 20,000 new rental homes, including 16,000 purpose-built and 4,000 affordable units. The report calls for a Purpose-Built Rental Homes Incentive to support these goals, which include a tax reduction and deferral of development charges for…
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GTA Housing Market: Growing Demand-Supply Gap | Watch Today’s Real Estate Updates & Tips
A growing gap exists between home demand and housing starts in the Greater Toronto Area. Housing start applications decreased from 2,428 in 2021 to 1,225 in 2024, worsening affordability.
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New skyscrapers could replace downtown Toronto office buildings
A developer plans to replace an office complex at 310-330 Front Street West in downtown Toronto with two mixed-use skyscrapers, reaching 70 and 65 storeys. The project will integrate a surviving 16-storey building and primarily feature residential units, with some retail and office space at the base. The towers will provide a total of 1,782…
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Why Won’t Lower Rates Fix GTA’s Housing Crisis? | Watch Today’s Real Estate Updates & Tips
First-half 2024 saw low sales due to high interest rates and construction costs, with no expected rebound. Record-low sales will lead to fewer housing starts, worsening future housing supply in the region.
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Ciudad local ‘en tendencia’ con clientes de alquiler a corto plazo
Airbnb informa un aumento en los habitantes de Ontario que buscan vacaciones asequibles en sus áreas locales, con Penetanguishene emergiendo como un destino en tendencia. Muchas reservas son domésticas, particularmente del Área Metropolitana de Toronto. Las ofertas de Airbnb suelen ser más asequibles que los hoteles y están ubicadas en áreas con menos alojamientos, beneficiando…
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GTA Housing Stock Gap Hits 50-Year High | Watch Today’s Real Estate Updates & Tips
The GTA population reached 5.9M, significantly higher than in 1972 when data collection began. Average municipal fees rose by $42,000 for low-rises and $32,000 for high-rises since 2022.