Demand for detached homes in prime Toronto locations remains strong, with multiple offers on fairly priced properties, though these rarely exceed the listing price.
Low-rise condos are typically one to nine stories high and offer more units per floor when contrasted with high-rises.
Bank of Canada lowers key interest rate to 4.5%, delivering back-to-back cuts
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Canada's home prices fell in May. Insiders watch for changes following a Bank of Canada rate cut, suggesting now might be an ideal time to invest in preconstruction projects.
Toronto's real estate market is evolving with new high-rise developments and initiatives aimed at increasing affordable housing, shaping a dynamic and inclusive urban future.
The Bank of Canada’s recent rate cut could spark a housing market rebound in Toronto, where May home sales fell 21.7% year-over-year.
Canada's residential mortgage debt hit $2.16 trillion in February 2024, with the slowest growth in 23 years at 3.4%, due to high mortgage costs and interest rate uncertainty.
Ontario's new legislation, the Homeowner Protection Act, 2024, enhances protections against fraud, introduces a 10-day cooling-off period for new homebuyers, and boosts condo community safeguards.
Toronto's rental construction surged to its highest since the 1990s due to population growth and economic factors but is now slumping due to rising costs and regulatory challenges
8300 Woodbine Ave #405
Markham, ON
L3R 9Y7
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