Demand for detached homes in prime Toronto locations remains strong, with multiple offers on fairly priced properties, though these rarely exceed the listing price.
The recent 0.25 percentage point rate cut by the Bank of Canada had little effect on the Toronto housing market. Experts now look to further rate cuts, improved economic stability, and government incentives to revive buyer interest.
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.
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
New homes in Canada must be available, affordable, and accessible to meet the diverse needs of all Canadians, including the growing number of people with disabilities.
April rent prices in Canada surged 9.3% year-over-year, except in Ontario where rents fell slightly. Investors can leverage this trend for lucrative rental income opportunities.
72% of Canadians delay home purchases, waiting for interest rate cuts to make homebuying more affordable, reveals BMO survey
Embark on GTA's 2024 real estate journey: evolving dynamics pave way for enticing pre-construction prospects amidst shifting market trends.
8300 Woodbine Ave #405
Markham, ON
L3R 9Y7
CONDOX DOES NOT REPRESENT THE BUILDER/DEVELOPER. ALL RENDERINGS, INCENTIVES, PRICING ARE SUBJECT TO TERMS & CONDITIONS AND MAY CHANGE AT ANYTIME WITHOUT NOTICE.
CondoX @ 2024