Toronto Real Estate Market Report ~ October 2024 | Is this the pivotal shift we needed?

The Greater Toronto Area (GTA) real estate market saw a significant increase in home sales in October 2024, driven by improved affordability from lower borrowing costs and relatively stable prices.

Driveway Security Bollards

Driveway Security Bollards in Toronto's Wealthiest Neighbourhoods

In 2023, car thefts surged dramatically across Toronto and the Greater Toronto Area (GTA), with over 12,000 vehicles reported stolen in the city alone.

Toronto Real Estate

Toronto Real Estate Market Report ~ September 2024 | Shifts in Sales, Prices, and Opportunities

In September, GTA home sales rose by 8.5% year-over-year, with a total of 4,996 transactions. As the Bank of Canada lowered interest rates and changes to mortgage lending guidelines were introduced, many buyers found themselves in a more favourable position to enter the market.

Toronto Real Estate

Toronto Real Estate Market Report ~ July 2024 | Is the Toronto real estate market at a turning point?

July 2024 saw the average home price in the GTA experience a slight dip of 0.9% year-over-year, settling at $1,106,617 with detached homes being the least affected by the market slowdown.

Toronto Real Estate

Toronto Real Estate Market Report ~ June 2024 | Drastic reduction in the number of sales with rising inventory

In June 2024, the Greater Toronto Area (GTA) experienced a notable shift in its real estate landscape. Despite the Bank of Canada's recent rate cut aimed at stimulating the market, home sales dropped by 16.4% compared to the same time last year.

Toronto real estate market

Toronto Real Estate Market Report | April 2024

The Toronto real estate market had a set of very mixed results for the month of April with the condo market experiencing a large slump in sales due to a substantial influx in inventory while semi & detached home sales/prices have surged.

Mortgage Renewal Canada

Mortgage renewal in 2024? Here's how to get a lower rate

For homeowners in Canada looking to renewal their mortgage in 2024, many of the current prospects are quite awful when compared to the very low rates they've been accustomed to seeing over the past 5 years.

Toronto Real Estate

Toronto Real Estate Market Report - Q1 2024 | Has Toronto passed the bottom of the market?

The year started off with a strong surge of sales compared to the same period in 2023 with condos seeing the biggest increase (+46.4%) as many new construction projects take occupancy.

Toronto Real Estate

January 2024 | Toronto Real Estate Market Report

Toronto real estate saw a strong start to 2024 with sales surging 37% higher than January 2023 while prices softened slightly (-1%).

Luxury Home Stats

Toronto Luxury Home Report | January 2024

The luxury home market in Toronto has seen a slow start to 2024 with only 72 properties sold above $2 million in January & many of these going for under list price.

Toronto Real Estate Market Report

2023 | Toronto Real Estate Market Recap

2023 will be remembered as one of the slowest & hardest years for the Toronto real estate market in recent history (besides the beginning of COVID) with a substantial reduction in sales numbers and general softening of prices.

November 2023

Toronto & GTA Real Estate Analysis: November 2023 Insights

As we delve into the November 2023 Toronto real estate landscape, a complex picture emerges, marked by the interplay of local housing trends and broader economic forces.

Toronto sales

City of Toronto's $899.7M Revenue Hit | Real Estate Sales Slump Triggers Fiscal Alarm

Toronto has long relied on the real estate market as a significant source of revenue, particularly through land transfer taxes. However, recent trends indicate a downturn in home sales, leading to concerns over potential impacts on the city's budget and funding for essential services.

What effect are interest rates having on Canadian home owners?

As the Canadian housing market braces for a seismic shift, the looming possibility of interest rate reductions by mid-2024 signals a transformative era for homeowners and investors alike. This strategic pivot by the Bank of Canada, departing from a rigid inflation target approach, is not just a financial adjustment but

Toronto Schools

Does Downtown Toronto have enough schools?

As Toronto's skyline increasingly becomes a forest of condo towers, a crucial question looms: Is the city's educational infrastructure keeping pace with its residential expansion?

Taking a hovercraft to work?! The launch of Hoverlink Ontario to Toronto’s shores

Hoverlink Ontario has pitched a vision that could redefine the rhythm of daily life for many in the Greater Toronto Area and Niagara Region.

ChatGPT

Revolutionize Your Space: How to Use ChatGPT for Expert Interior Design at Home

Transforming your home into a masterpiece of interior design is now within reach, thanks to the cutting-edge capabilities of AI, specifically ChatGPT and its image analysis prowess.

Toronto real estate market analysis

Toronto & GTA Real Estate Analysis: October 2023 Insights

As we unpack the data from October 2023, it becomes evident that detached homes have retained their dominance in sales, while condos in Toronto have seen a significant sales volume compared to those in the GTA.

Kitchen renovation

Toronto's Ultimate Guide to Renovation ROI & The Power of Kitchen Remodels

Navigating the world of home renovations is a fusion of art and economics. Whether it's envisioning a fresh outdoor space for Toronto's cherished summers or contemplating a kitchen upgrade in line with contemporary tastes, grasping the return on investment (ROI) is essential.

175 Large Crescent

175 Large Crescent | SOLD!

Discover 175 Large Crescent—a family-friendly corner lot with modern flooring and countertop upgrades. Featuring a dual-entry driveway that accommodates up to 9 cars, this property is situated in a walkable community near schools, parks, and shopping.

3721 Queenston Dr

3721 Queenston Dr | SOLD!

Set against the vibrant backdrop of Mississauga, 3721 Queenston Blvd offers a blend of convenience and charm.

Toronto Real Estate Market Report

Toronto Real Estate Market Report | September 2023

September 2023 was a rollercoaster for the GTA housing market. Initially, the market experienced a slowdown following the Labour Day long weekend, triggered by the Bank of Canada's announcement that left interest rates unchanged.

Timber

The Future of Sustainable Construction: Why Timber is the New Concrete and Steel

In a world where the construction industry accounts for about 40% of global CO2 emissions, the question of sustainability is more crucial than ever. Enter timber—a low-carbon alternative to traditional construction materials like concrete and steel.

117 Lillington ave

117 Lillington Ave | SOLD!

Welcome to 117 Lillington Ave! Embrace the unparalleled charm of this meticulously maintained brick starter home, perfectly situated in a family-friendly neighbourhood.

Toronto Real Estate

Toronto Real Estate Market Report | July 2023

The Greater Toronto Area (GTA) real estate market experienced a surge in July 2023. Despite the Bank of Canada restarting its rate tightening cycle in June, leading to higher borrowing costs, home sales remained robust, suggesting that many households have successfully adjusted to these changes.