Category: Uncategorized
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Why Toronto Is Among Canada’s Best Young Adult Cities | Watch Today’s Real Estate Updates & Tips
Toronto, Ontario, is Canada’s largest city with a population of approximately 2.9M people. The avg cost of living in Toronto is $1,516/month, with one-bedroom rentals at $2,500.
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Buyers are still nabbing homes for way under asking price in most parts of the GTA
The Toronto area real estate market is showing signs of recovery, with more buyers willing to enter the market despite a challenging year. In November 2024, 75% of homes sold in the Greater Toronto Area went for less than the asking price, up from 70% in October. Most neighborhoods are experiencing underbidding, with only 7%…
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GTA Pre-Construction Investment Trends | Watch Today’s Real Estate Updates & Tips
Master-planned communities, combining residential units with commercial spaces and parks, attract diverse residents and investors. Infrastructure improvements and affordability in Scarborough and North York position them as key growth markets.
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Más de 1 millón de hipotecas canadienses se renovarán en 2025. ¿Es su hogar en Ontario uno de ellos?
A medida que se acerca el Año Nuevo, 1.2 millones de titulares de hipotecas en Canadá están listos para renovar sus préstamos hipotecarios, con el 85% de estas hipotecas firmadas cuando las tasas de interés estaban en o por debajo del uno por ciento. Muchos propietarios enfrentarán tasas significativamente más altas, lo que genera preocupaciones…
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Toronto’s Condo Market: A 40-Year Evolution | Watch Today’s Real Estate Updates & Tips
Toronto’s condo market has seen significant growth since the 1980s, with over 500 towers expected by 2030. Condo prices in Toronto average C$707,917 (US$509,215) in 2024, making it Canada’s second-most expensive market.
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Toronto’s real estate market sees strongest monthly sales growth since December 2023
Home sales in the Greater Toronto Area (GTA) surged by 14% in October, marking the strongest monthly increase since December 2023, with 6,390 units sold. The average home price rose by 1.5% to CAD 1.13 million, the highest monthly increase since June. However, new property listings fell by 6.8%, attributed to high-interest rates. The Bank…
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Underbidding Dominates GTA Market in Early-Q4 | Watch Today’s Real Estate Updates & Tips
In October 2024, 70% of homes in the GTA sold for below their list price. Despite increased sales, overbidding activity remains low across the Greater Toronto Area.
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Aquí está cuánto se espera que suban los precios de las viviendas en Ontario en 2025
A pesar del escepticismo sobre una rápida recuperación del mercado inmobiliario en Canadá, RE/MAX Canada pronostica un panorama positivo para 2025, prediciendo un aumento del 5% en los precios promedio y un incremento del 25% en las transacciones, especialmente en Ontario. Se espera que el Condado de Simcoe vea la actividad más significativa, con un…
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Tax Relief Needed for Toronto Home Buyers | Watch Today’s Real Estate Updates & Tips
GTA residents face high taxes, totalling over $200K on the avg home purchase. Proposed tax cuts, like removing GST on homes under $1M, could save buyers $40K.
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Ontario’s New Rules Threaten City Planning Stability | Watch Today’s Real Estate Updates & Tips
Ontario cities fear new provincial rules allowing individual development applications could undermine long-term urban planning. The provincial planning statement mandates cities to evaluate ad hoc applications, increasing administrative costs and appeals.