Category: Uncategorized
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GTA Home Sales Rebounding: Stronger Winter Predicted | Watch Today’s Real Estate Updates & Tips
The GTA housing market showed signs of recovery with an 8.5% increase in home sales. If interest rates continue to decline, a winter surge in home sales and prices is anticipated.
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Opinion: Toronto wants more midrise buildings. One roadblock? Garbage collection
Toronto's official plan aimed to accommodate growth through midrise buildings along major streets, but this approach has largely failed. High-rise condos remain the primary housing type, often overshadowing the intended midrise development. A report from Environmental Defence identifies planning and building policies as obstacles, including strict garbage collection requirements and building codes. It emphasizes the…
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GTHA New Condo Sales Down 81% Yearly | Watch Today’s Real Estate Updates & Tips
New condo sales in GTHA totalled 567 units in Q3-2024, the lowest since Q1-1995. Sales ↓ 81% yearly, 87% below the latest 10-year avg for Q3.
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Tens of thousands declare early to avoid Toronto’s vacant home tax
Toronto's redesigned vacant home tax rollout has commenced, with more than 59,000 individuals submitting their paperwork in the initial week. Continue to full article
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Home Inspection Checklist Every Buyer Needs! | Watch Today’s Real Estate Updates & Tips
Roof Inspection – Look for signs of damage or aging – Conduct up-close assessments, not just visual checks – Ensure no unforeseen expenses post-purchase – Verify roof and structural warranties Foundation and Structure – Look for cracks, settling, or moisture infiltration – Assess structural integrity – Identify deferred maintenance issues early
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Las ventas de viviendas en el suroeste de Ontario son ágiles en octubre
Las ventas de viviendas en el suroeste de Ontario están experimentando un resurgimiento significativo. En octubre, Grey, Bruce y Owen Sound vieron un aumento del 32.2% en ventas, totalizando 238 viviendas, mientras que Huron Perth reportó un salto del 44.7% con 191 unidades vendidas. Las nuevas listas alcanzaron niveles récord, con Huron Perth logrando el…
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$1.5M Cap Change May Drive GTA Home Sales! | Watch Today’s Real Estate Updates & Tips
Raising the insured mortgage cap to $1.5 million may increase market activity, especially in the Greater Toronto Area. Around 20% of homes fall within the new range, with the GTA’s median home price at $1.2 million.
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Markham mayor proposes 3.88% tax increase for 2025
Mayor Frank Scarpitti presented Budget 2025, a $674.7 million proposal featuring a 3.88% tax increase, adding $53.54 for the average Markham household. This increase is partly due to repayments to the Corporate Stabilization Reserve fund used during the pandemic. The budget prioritizes flood control, road improvements, and community events, with $296.2 million funded by property…
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GTA Housing Supply Is at Risk | Watch Today’s Real Estate Updates & Tips
The GTA's housing supply could deteriorate in the coming years due to declining development applications. Population growth continues to outpace new housing, worsening the existing supply shortage in the GTA.
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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.…