Bank of Canada lowers key interest rate to 4.5%, delivering back-to-back cuts
Condo sales in June fell 29 per cent year-over-year according to the Toronto Regional Real Estate Board (TRREB).
Downtown Toronto home prices varied by neighbourhood in June 2024, reflecting economic uncertainties and buyer caution. Discover the detailed performance in our latest analysis.
Developers in Ontario are offering unprecedented incentives like extended deposit structures and free amenities to boost home sales and manage high inventory levels in 2024.
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.
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
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