Category: Uncategorized
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GTA Home Sales Rebounding: Stronger Winter Predicted
The GTA housing market showed signs of recovery with an 8.5% increase in home sales. If interest rates continue to decline, a winter surge in home sales and prices is anticipated.
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Will Ottawa’s New Mortgage Rules Help You Buy in GTA?
Ottawa's new mortgage rules aim to assist homebuyers in the Greater Toronto Area (GTA). Eliminating the 20% downpayment requirement for $1M to $1.5M homes increases accessibility.
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GTHA New Condo Sales Down 81% Yearly
New condo sales in GTHA totalled 567 units in Q3-2024, the lowest since Q1-1995. Sales ↓ 81% yearly, 87% below the latest 10-year avg for Q3.
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GTA office availability still rising, but might be nearing peak
Office space availability in the Greater Toronto Area rose to 20.8%, with overall vacancy increasing to 14.4%. The suburban markets outperformed downtown, with availability at 20.1% and vacancy at 12.9%. Sublease space decreased, while total available area reached 39.3 million square feet. Asking rental rates remained stable, and medium-to-large tenant activity is at a high…
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Understanding Different Types of Mortgages: Helpful Tips for New Canadians
Understanding various types of mortgages and their features can help new Canadians make informed decisions to achieve their financial goals. Continue to full article
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Home Inspection Checklist Every Buyer Needs!
Roof Inspection – Look for signs of damage or aging – Conduct up-close assessments, not just visual checks – Ensure no unforeseen expenses post-purchase – Verify roof and structural warranties Foundation and Structure – Look for cracks, settling, or moisture infiltration – Assess structural integrity – Identify deferred maintenance issues early
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$1.5M Cap Change May Drive GTA Home Sales!
Raising the insured mortgage cap to $1.5 million may increase market activity, especially in the Greater Toronto Area. Around 20% of homes fall within the new range, with the GTA’s median home price at $1.2 million.
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More co-op housing could increase affordability in Mississauga
Co-operative housing in Canada, managed by member residents, offers affordable options for low- and moderate-income families. Mississauga is considering a new co-op at 1 Port St. E. as part of a larger development with affordable housing and commercial space. Although no new non-profit co-ops have been built in Mississauga since the mid-1990s, interest and funding…
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GTA Housing Supply Is at Risk
The GTA's housing supply could deteriorate in the coming years due to declining development applications. Population growth continues to outpace new housing, worsening the existing supply shortage in the GTA.
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GTA Housing Crisis: Urgent Need for Government Action
Housing stock lags behind population growth, the widest gap in 50 years. New home approvals in GTA take 20 months, increasing costs by $43,000-$90,000 per unit.