In a recent governmental move aimed at making home ownership more accessible to younger Canadians, particularly millennials and Gen Zers, a significant policy change was introduced. As of August 1, 2024, first-time home buyers will be able to opt for 30-year amortizations on insured mortgages for new constructions. This policy shift intends to addr...
In recent discussions, we've seen an intriguing shift in the Toronto condo market. The insights from Urbanation suggest a tumultuous period, as condo sales—both new and resale—have notably decreased. For prospective buyers or investors in real estate, this begs the question: Is 2024 a good year to invest in a condo?
The Toronto condo market has been experiencing significant shifts in 2024, especially in the new construction segment, which has hit a 27-year low in sales during the second quarter. This downturn marks a crucial point for both the resale and presale markets. Let's explore the current landscape and the factors influencing these trends.
As we surpass the midpoint of 2024, the Toronto real estate market has presented both challenges and opportunities that could influence the trends for the remainder of the year. Here's a concise overview of what has transpired and some educated predictions for the coming months.
Interest Rate Cuts and Their Impact One of the most significant developm...
Toronto's real estate landscape is dynamic and ever-evolving, with some areas maintaining their heat despite broader market fluctuations. Understanding these hotspots can be crucial whether you're considering buying, selling, or just keeping an eye on the market.
What Defines a Hot Market? In real estate, "hot" markets are characterized by low months...
Recent torrential rainstorms have wreaked havoc across Toronto, causing widespread flooding and significant damage to properties, including the reported flooding of a high-profile mansion. The intensity of these storms has been exceptional, with the city experiencing record rainfall levels that surpassed average monthly totals in just a few days.
