Category: Uncategorized
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Rising Power of Sale Listings Open Doors for Toronto Buyers | MrHunter.ca
Slide 1: Rising interest rates push some Torontonians to sell homes through “power of sale” listings. Slide 2: Downtown Toronto saw 49 such listings this year—four times more than all of 2023. Slide 3: Buyers sometimes snag discounts—average sale price is about 5% below original listing. Slide 4: Properties range from $360K waterfront studios to…
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10 Things to Know Before Getting a Reverse Mortgage
A reverse mortgage in Canada is available to homeowners aged 55+, allowing borrowing up to 55% of the home's value with no monthly payments. Interest rates are higher than traditional mortgages, and the loan balance grows over time, reducing home equity for heirs. Borrowers must pay property taxes, insurance, and maintenance. Repayment occurs when the…
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Toronto Housing Market Shows Early Signs of Stabilization | MrHunter.ca
The Toronto housing market has seen a modest rebound in buyer demand since summer. Affordability remains a major challenge, with RBC’s aggregate measure at 66.4%, one of the highest in the nation. Weakening job prospects and high ownership costs continue to constrain purchasing activity. Condominium affordability has improved, but not enough to spark broad market…
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Expert Tips for Selling Your Home This Fall and Winter | MrHunter.ca
Prep Early: Complete exterior maintenance—fix gutters, repaint, rake leaves, and brighten windows before cold weather limits improvements. Warm and Welcoming: Keep interiors cozy and decorated; personal touches help buyers imagine themselves living there. Avoid Neglect: Maintain curb appeal, keep utilities on in vacant homes, and price realistically to attract serious buyers. Smart Offer Choices: Don’t…
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Toronto Housing Prospects Show Signs of Steady Improvement
The Greater Toronto Area housing market remains sluggish, with condo sales low due to a preconstruction crisis, rising interest rates, appraisal issues, and reduced immigration targets. Toronto's economic diversification offers some resilience against trade war impacts. Home prices have dropped 5.2% year-over-year, but remain high, deterring first-time buyers. Rents are declining due to increased condo…
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What’s Holding Toronto Housing From Hitting Bottom? | MrHunter.ca
Slide 1: Toronto housing sales rose 8.5% after the Bank of Canada’s September rate cut. Slide 2: Average home prices fell 4.7%, with listings climbing nearly 19%, signaling oversupply pressure. Slide 3: Detached, semi-detached, and condos show rising sales but falling prices across the GTA. Slide 4: Market bottom remains elusive; oversupply, economic uncertainty, and…
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Toronto Residents Share Ideas for Fair Rent Prices
Toronto's real estate market decline has led to lower rental and home prices, confusing residents about fair costs. Renters' views on one-bedroom rents ranged from $1,000 to $3,000, with the city average at $2,295. Opinions on buying a one-bedroom condo varied widely, from $50,000 to $700,000, reflecting diverse knowledge and affordability concerns. Many emphasized rent…
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Cooling Rents Offer Relief and New Opportunities for Renters
Canada's residential rents fell 3.2% year-over-year to $2,123, marking 12 months of declines and the first two-year drop since 2022. Rent decreases occurred across all property types, with condos and houses/townhomes dropping more sharply than purpose-built rentals. Vancouver and Toronto saw the largest declines, with rents at their lowest in nearly four years. Manitoba was…
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Happy Halloween | MrHunter.ca
Halloween falls on October 31 because the ancient Gaelic festival of Samhain, considered the earliest known root of Halloween, occurred on this day. In the eighth century, Pope Gregory III designated November 1 as a time to praise all saints. Soon, All Saints' Day incorporated some traditions of Samhain and the evening before was known…
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Toronto Housing Market Finds Silver Linings | MrHunter.ca
Toronto’s economy benefits from broad diversification, reducing vulnerability to global trade shocks. Rental prices continue trending lower, improving affordability for residents. A strong pipeline of new rental units is set to boost future housing supply. Increased rental options are creating more competitive conditions across the housing market. Improving affordability could open the door for more…