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 saw a strong start to 2024 with sales surging 37% higher than January 2023 while prices softened slightly (-1%).
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.
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.
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 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.
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 a harbinger of a redefined housing landscape. Stability Amidst Predicted Changes The expectation is for the overnight lending rate to remain at 5% until mid-2024. This predict
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?
Hoverlink Ontario has pitched a vision that could redefine the rhythm of daily life for many in the Greater Toronto Area and Niagara Region.
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.
