Category: Uncategorized
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Will Toronto’s Condo Price Relief Last? | Watch Today’s Real Estate Updates & Tips
Toronto condo sales plummeted 75% since 2022 as rates and costs surged in Q1. Inventory hit a 20-year high with 57.4 months of unsold pre-construction units. Avg resale condo prices fell 13.4%, from $1,045 to $812 per sq ft. Over 50% of pre-construction units remain unsold, triggering widespread project cancellations. Affordability gains may fade fast…
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GTA Home Prices Drop 3% in Q2: Sales Gain? | Watch Today’s Real Estate Updates & Tips
Home prices in GTA fell 3.0% year-over-year in Q2. Spring market started slowly, cautious buyers held off.
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From Peaks to Prices: York’s Shift | Watch Today’s Real Estate Updates & Tips
York Region's average home price fell to $1.24 million in June 2025, down 10.4% annually. Detached homes led the decline, dropping nearly $205,500 from June 2024 to average $1.53 million. Apartment-style condos rose 2.8% since May but remain down 6.3% compared to last year. Active listings jumped 40.1%, while home sales dipped slightly with 1,061…
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GTHA Slowest Major Multi-Family Market Behind Calgary and Metro Vancouver
Multi-family sales in the Greater Toronto and Hamilton Area fell 67% in the first half of 2025, with new condominium apartment sales dropping 78% year-over-year in Q2. Townhouse sales declined 45% year-over-year but showed signs of recovery. Over 7,100 units shifted to rental tenure since September 2024. New condo deliveries surged, but future supply is…
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GTA New-home Sales Plummet 60% Amid High Building Costs, Economic Uncertainty
New home sales in the Greater Toronto Area plunged 60% year-over-year in June, with only 510 units sold, far below the 10-year average. Condominium sales fell 67%, and single-family homes dropped 53%. High building costs, economic uncertainty, and taxes are key factors behind the slowdown. Inventory is at record levels, creating opportunities for buyers, while…
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What’s Next for Toronto’s Iceberg Homes? | Watch Today’s Real Estate Updates & Tips
Toronto will consult stakeholders on Official Plan amendments to regulate iceberg homes’ impact on communities. Iceberg homes feature larger below-grade footprints with multi-storey basements, currently regulated like standard detached houses.
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Happy Long Weekend! | Watch Today’s Real Estate Updates & Tips
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GTA Homebuyers Benefit From Lower Prices in 2025 Q2 | Watch Today’s Real Estate Updates & Tips
Aggregate GTA home price ↓ 3% YoY to $1,155,300 in Q2 2025. Condos ↓ 5.6% to $699,700; single-family homes ↓ 1.2% to $1,448,700. Many buyers waited due to economic uncertainty, elections, tariffs, and job loss concerns. 28% of Canadian renters considered buying before renewing leases; increased showings for lower-priced GTA homes. Royal LePage expects GTA…
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GTA Homes Lost $17K—in One Month! | Watch Today’s Real Estate Updates & Tips
June 2025 saw Toronto home prices fall below $1M for first time since 2020. Benchmark price dropped 1.8% in June alone, totaling a $58.4k annual decline.
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Do Renovations Really Increase GTA Home Values? | Watch Today’s Real Estate Updates & Tips
Renovated homes in the Greater Toronto Area generally sell for more than non-renovated homes. Toronto city shows the largest price premium for renovations, about seven percent higher than non-renovated homes.