Category: Uncategorized
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Is the GTA Housing Market on the Rise Again? A Surprising Turn!
The Greater Toronto Area (GTA) housing market saw a 2.6% increase in home sales in 2024, totaling approximately 67,610, alongside a 16.4% rise in new listings to 166,121. This surge provided buyers with more negotiating power, especially in the condominium sector. However, high borrowing costs and elevated interest rates posed affordability challenges. Substantial rate cuts…
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Things Homeowners Should Check in Winter
Protect Pipes: Insulate exposed pipes to prevent freezing and bursting during cold weather. Seal Air Leaks: Check windows, doors, and outlets for gaps to save on heating costs.
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Is Now the Best Time to Hire a Real Estate Broker in Mississauga?
The Mississauga real estate market is undergoing significant changes, with rising home prices and a cooling trend due to increasing interest rates. Buyers and sellers face new challenges, making the expertise of a real estate broker essential. Brokers offer insights into market trends, negotiation strategies, and access to exclusive listings. Mississauga's economic growth, population increase,…
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Reduced Rent Inflation Expected in Canada
Rent inflation is expected to slow with reduced immigration and weaker population growth. Immigration targets reduced by 20%, affecting temporary residents who are primary renters.
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Peter Bethlenfalvy: Ontario’s improved credit rating means we’re ready to build
Ontario's credit rating has been upgraded by S&P Global, marking the second upgrade in six months and reversing a trend of downgrades from the previous Liberal government. This improvement allows for lower borrowing costs, enabling the government to provide financial support to families facing high interest rates and carbon taxes. The province plans to invest…
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Home Prices in 2025: What’s Your Region’s Forecast?
Canadian home prices set to rise 6% in 2025, reaching $856,692 by Q4. Single-family home prices will rise 7% to $900,833, while condos rise 3.5% to $605,993.
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Ontario Home Prices Set to Rise 5% in 2025
Ontario home prices are expected to ↑ 5% in 2025, driven by increased sales activity. First-time homebuyers will drive market activity, especially in more affordable regions across Ontario.
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Lowered Projections Signal Ontario Housing Struggles
Ontario lowers new housing projections for coming years, missing its 1.5M home target. 2024’s target of 125K homes has been reduced to 81,300 due to economic factors.
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Housing sizes shift across Ontario
New data from the Municipal Property Assessment Corporation (MPAC) reveals a trend towards smaller condos and larger single-detached houses in Ontario, driven by changing consumer preferences and affordability challenges. Since the 1970s, single-family homes have increased in size, while condos have shrunk by 32%. Townhouses and semi-detached homes have seen moderate size increases. The GTA…
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Must a Buyer accept an Open Building Permit on Closing?
Ontario courts have recently grappled with whether the closure of open building permits can be requisitioned as a title matter. In the case of EPRF Holdings Ltd. v Fergus Bloor Inc., the court ruled that an outstanding building permit constituted a valid objection to title, obligating the vendor to resolve it or provide title insurance.…