Category: Uncategorized
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GTA New Home Sales Hit Historical Low in Mid-Q3 | Watch Today’s Real Estate Updates & Tips
New home sales in the GTA hit a historical low of 464 transactions in August 2024. August sales ↓ 46% compared to August 2023, and ↓ 73% below the 10-year avg.
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This a bright red warning light’: Toronto’s housing crisis to get worse as development applications drop off
Toronto's housing crisis is worsening due to a significant decline in development applications, according to a study by Altus Group for BILD. New home construction is lagging behind population growth, with applications dropping from 2,482 in 2021 to 1,225 in 2023. The gap between housing stock and population growth is the widest in over 50…
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GTA Housing Crisis: Urgent Need for Government Action | Watch Today’s Real Estate Updates & Tips
Housing stock lags behind population growth, the widest gap in 50 years. New home approvals in GTA take 20 months, increasing costs by $43,000-$90,000 per unit.
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Waiting list spots available to own a home on the Toronto Islands
Prospective home buyers can now apply for a chance to own a home on the Toronto Islands by joining the Purchasers' List, open for four weeks every two years. There are 27 spots available, and a draw will determine who gets added to the waiting list, which can hold up to 500 names. Homes range…
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GTA Condo Oversupply to Dampen Home Price Growth | Watch Today’s Real Estate Updates & Tips
Toronto’s condo oversupply will continue affecting home prices, keeping growth below average. GTA home sales remain weak but are expected to improve gradually, including in the condo market.
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GTA Housing Costs: 25% Government Fees Impact | Watch Today’s Real Estate Updates & Tips
Land costs account for up to 25% of a new home’s cost, influenced by limited urban expansion. 72% of people support expanding municipal boundaries, while 69% favour higher-density development.
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GTA Condo Hunting? These Options Are Under $550K | Watch Today’s Real Estate Updates & Tips
A study found 10 Greater Toronto Area communities where condos sold for under $550K this year. East York in Toronto had the lowest median condo price at $485K, despite a $499K listing price.
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Why You Need a Real Estate Lawyer in Toronto for Your Next Property Purchase
Buying property in Toronto involves excitement but also significant paperwork and potential hurdles. A real estate lawyer is essential for navigating complex contracts, protecting against hidden liabilities, and ensuring smooth negotiations and closing processes. They are familiar with Toronto's unique regulations, helping buyers avoid costly mistakes and providing peace of mind. Ultimately, hiring a lawyer…
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Condo Renovation Do’s and Don’ts | Watch Today’s Real Estate Updates & Tips
Develop a detailed plan, including budget and design goals, before starting your condo renovation. Allocate a budget that accounts for unexpected costs and allows flexibility throughout the renovation.
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Bruce County ofrece $100,000 para ayudar a los residentes a construir alquileres en su propiedad
Bruce County está ofreciendo hasta $50,000 en asistencia financiera para que los propietarios construyan Unidades Residenciales Adicionales (ARUs) como alquileres asequibles, como parte de un programa piloto de $100,000. Las ARUs pueden estar adjuntas a una casa o en edificios independientes, y deben cumplir con criterios específicos de tasa de alquiler e ingresos. Los fondos…