Category: Uncategorized
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Here’s how much you can make renting your basement in and around Toronto
Renting basement apartments in Toronto can yield significant income, with average monthly rents reaching up to $2,600 in some neighborhoods. Old Toronto tops the list, followed by East York ($2,450), York ($2,350), Etobicoke ($2,300), and Oakville ($2,200). While Oshawa offers lower rents ($1,875), it also has the lowest home prices, making it a better investment…
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Interest Rate Cuts Starting To Lift Toronto Home Sales
Interest rate cuts are starting to impact Toronto's housing market, with an increase in sales noted last month. TRREB President Jennifer Pearce indicated that borrowing costs are expected to decline further, leading to lower monthly mortgage payments and potentially accelerating sales. In July, there were 16,296 new listings, an 18.5% year-over-year increase, although sales and…
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Can Lower Rates Fix GTA Housing Crisis?
High interest rates have reduced GTA housing demand by 50%, increasing inventory and moderating pricesMunicipal approvals in the GTA take up to three years, delaying new home supply and increasing costs.
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GTA’s Profitable Investing Trend: Detached Homes
Detached housing markets in the GTA are driven by investors and move-up buyers. Around 20,000 to 25,000 potential buyers are waiting in the GTA.
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Check out my listing Address: 585 Colborne St #609 Brantford, N3S0K4
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Early-Q3 2024: GTA Home Prices Trends
GTA home prices dropped across the board in July 2024. Bidding competition eased in the GTA, with only 14% of homes overbidding in July.
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Q2 2024 Greater Toronto Office Market Analysis
Availability rate climbed to 20.2%. Sublet space increased by 419,000 ft². Construction ongoing with 3.2 million ft² in progress.Vacancy rates hit 14%, varying by submarket.
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Detached Homes Are Gaining Value in 40% of GTA
Detached home values are rising in 40% of the Greater Toronto Area (GTA) markets. Experienced buyers and investors are driving activity, as first-time buyers face affordability challenges.
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Mounting condo inventories’ could put downward pressure on Toronto’s real estate market: report
Toronto's housing market remains sluggish due to high borrowing costs, with a report from RBC Economics indicating that more rate cuts are necessary to boost sales. Despite a slight increase in resales in June, July saw a 0.7% decline. Inventory levels are rising, particularly for condos, which have increased by 64% year-over-year. Home prices have…
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Happy Labour Day
Happy Labour Day! Labour Day is a chance to honor and appreciate the hard work and contributions of workers in various industries. It's a chance to look back at workers' rights achievements and labor rights progress over time. Sending warm wishes on Labour Day to honor the dedication and contributions of workers everywhere. May your…