Category: Uncategorized
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Is the GTA Housing Market on the Rise Again? A Surprising Turn!
The Greater Toronto Area (GTA) housing market saw a 2.6% increase in home sales in 2024, totaling approximately 67,610, alongside a 16.4% rise in new listings to 166,121. This surge provided buyers with more negotiating power, especially in the condominium sector. However, high borrowing costs and elevated interest rates posed affordability challenges. Substantial rate cuts…
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Top Tips for Renting Toronto Apartments | Watch Today’s Real Estate Updates & Tips
Spend no more than 30% of income, considering rent and additional expenses. Research neighbourhoods for desired atmosphere and proximity to work, schools, and transportation.
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Things Homeowners Should Check in Winter | Watch Today’s Real Estate Updates & Tips
Protect Pipes: Insulate exposed pipes to prevent freezing and bursting during cold weather. Seal Air Leaks: Check windows, doors, and outlets for gaps to save on heating costs.
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Peter Bethlenfalvy: Ontario’s improved credit rating means we’re ready to build
Ontario's credit rating has been upgraded by S&P Global, marking the second upgrade in six months and reversing a trend of downgrades from the previous Liberal government. This improvement allows for lower borrowing costs, enabling the government to provide financial support to families facing high interest rates and carbon taxes. The province plans to invest…
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GTA Neighbourhoods’ Housing Performance in Mid-Q4 | Watch Today’s Real Estate Updates & Tips
York saw a price drop, down 3 per cent to just under $1.22-million, coupled with a 1 per cent decline in sale to 11,457. Durham posted a 3 per cent price drop to $860,000, and a 3 per cent jump in sales to 8,8682.
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Toronto: 15th Among World’s Best Cities in 2025 | Watch Today’s Real Estate Updates & Tips
Toronto ranked 15th on the list of the world's best cities for its quality of life. Notable for its high tree cover and educational achievements.
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TRREB Calls for Ontario’s Landlord and Tenant Board to Take Action to Tackle Backlogs
The Toronto Regional Real Estate Board (TRREB) released a report addressing inefficiencies in Ontario's Landlord and Tenant Board (LTB) and their impact on the housing market. The report calls for reforms to improve LTB operations, including reinstating in-person hearings, reducing the backlog, enhancing staffing and training, and upgrading technology. With over 53,000 unresolved cases, TRREB…
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Average GTA Home Prices Climb 2.6% in Mid-Q4 | Watch Today’s Real Estate Updates & Tips
GTA home sales surged 40.1% in November 2024, signaling a housing market recovery. New listings rose 6.6% annually, but slower growth led to tighter market conditions and price increases.
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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%…