TORONTO REAL ESTATE MARKET OUTLOOK: WHAT TO EXPECT IN 2025
The latest Market Outlook and Year in Review report from the Toronto Regional Real Estate Board (TRREB) provides valuable insights into what buyers, sellers, and investors can anticipate in the Greater Toronto Area (GTA) housing market this year. With a well-supplied market and stabilizing economic factors, home price growth is projected to align with the […]
FAREWELL TO A LANDMARK: THE TORONTO STAR BUILDING SET FOR DEMOLITION
One of Toronto’s most iconic office buildings is preparing to say goodbye to the city skyline. After standing tall for 53 years, the Toronto Star Building—a familiar fixture at the foot of Yonge Street—is now on the path to demolition. The sprawling One Yonge site, including the Toronto Star Building, an office tower, and surrounding […]
MAY’S MITIGATION: WHAT’S HAPPENING IN THE MARKET?
The housing market saw continued low activity in May, especially compared to the brief surge in market activity seen last spring. Home buyers are eagerly waiting for relief in mortgage rates, and existing homeowners are hopeful for increased demand, indicated by a rise in new listings compared to the previous year. This has provided buyers […]
A PROGRESSIVE MARCH: WHAT’S HAPPENING IN THE MARKET?
The latest report on March 2024 home sales through TRREB’s MLS® System shows steady progress in the real estate market despite the lower sales compared to March 2023. One of the contributing factors to this decline is the statutory holiday Good Friday, which fell in March this year instead of April last year. However, there […]
EVERYTHING YOU NEED TO KNOW TO BUY A HOME THIS SPRING
If you’ve been waiting for the spring selling season to kick off your home, this busy real estate season has arrived. Many homebuyers are in the market for a new home in the spring because it aligns with the current school year’s end and allows you to settle in a new home over the summer […]
TORONTO’S VACANT HOME TAX (VHT) DECLARATION DEADLINE IS FAST APPROACHING
Homeowners in Toronto are reminded to submit their 2023 occupancy status by February 29th. If you fail to submit a declaration of occupancy status by the deadline, your property will be considered vacant and subject to the Vacant Home Tax. Starting from January 1, 2024, a fee of $21.24 will be charged for not submitting […]
A MORE BALANCED SEPTEMBER: WHAT’S HAPPENING IN THE MARKET?
The GTA housing market faced some challenges in September, as high borrowing costs, inflation, and slower economic growth weighed on home sales. Nonetheless, despite the increase in listings supply, the average selling price remained higher than the previous year. Looking ahead, the short-term and medium-term outlooks for the GTA housing market appear to be somewhat […]
SEARCHING FOR STABILITY IN AUGUST: WHAT’S HAPPENING IN THE MARKET?
In August 2023, there was a decrease in home sales compared to the same period in 2022 due to higher borrowing costs, uncertainty about the economy and Bank of Canada’s decision-making, and a limited supply of listings. However, the average selling price remained relatively stable. On a monthly basis, both sales and average price slightly […]
TIPS WHEN DESIGNING YOUR OUTDOOR LIVING SPACE
Summer living means dining al fresco, spending leisurely afternoons outdoors, and winding down by the outdoor fireplace in the evening. Designing your outdoor space, the same way you would create an indoor living area will result in maximum relaxation and enjoyment, creating a space to enjoy your time outside comfortably. Employing the same interior design […]
AN INTENSE MARCH: WHAT’S HAPPENING IN THE MARKET?
The GTA’s housing market conditions intensified in March 2023. Sales accounted for an increased share of listings compared to March 2022, signifying that competition between buyers is likely on the rise. The average sale price was above the average list price for the first time since May 2022. As we moved through the first quarter, […]