August 2024

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?