Category: Uncategorized
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Toronto Housing Starts Plunge 40% in Early-Summer | MrHunter.ca
Toronto’s housing starts fell sharply, down 40% compared to June 2024. The decline was mainly due to fewer multi-unit housing projects in the city. High construction costs and economic uncertainty are slowing new project activity in Toronto. Despite national growth, Toronto's new home momentum is clearly losing steam. The city’s housing market may need renewed…
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Toronto Housing: Demand Outruns Supply | MrHunter.ca
Toronto’s population is surging, but housing supply isn’t keeping pace, worsening affordability challenges. Residents spend a large portion of income on housing, ranking Toronto among the world’s least affordable cities.
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Toronto Listings Surge Past 30K Units in Mid-Q2 | MrHunter.ca
Toronto housing market offers buyers more choices with 30K active listings in May 2025. Inventory ↑ 41.5% yearly, creating rare opportunities across various property types, especially condos
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Toronto Condo Market Dips, but Crash Unlikely | MrHunter.ca
Toronto’s condo market is undergoing a sharp correction with falling prices, low sales, and rising inventory. However, experts say a full-blown crash is unlikely due to long-term housing demand and reduced future supply as developers pause new projects.
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Mid-Q2: Toronto Tenants See Relief After Long Squeeze | MrHunter.ca
As of May 2025, Toronto rents have declined for eight straight months, showing a major shift in affordability. One-bedroom rent ↓ 7.1% yearly, now averaging $2,302
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Toronto: Is a Condo Price Correction Underway? | MrHunter.ca
Condo listings now make up ~60% of Toronto’s 11,705 active housing listings in May 2025. With only 973 condo sales, inventory reached 7 months—above buyers’ market threshold of 5 months. Condo resale prices ↓ 7.3% yearly, widening the price gap with new, less competitive units. Toronto holds 13,537 unsold new condos—6,402 pre-construction, 5,986 under construction,…
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How to Know if a Home Fits Your Lifestyle? | MrHunter.ca
Research local schools even if you don’t have kids — they influence home values. Consider internet availability and speed, especially for remote work or streaming needs.
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Noam Lamdan on Toronto Real Estate Market Trends: What Buyers and Sellers Need to Know in 2025
Toronto's 2025 housing market faces challenges from rising interest rates, tight inventory, and shifting buyer preferences. Higher mortgage costs limit affordability, causing many homeowners to stay put and reducing listings. Supply shortages keep prices firm despite slower sales. Condos remain popular but require updates to attract buyers. Demand grows in suburbs with good transit. Tech-savvy…
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Toronto housing demand outpaces construction supply
Toronto faces a severe housing affordability crisis amid record population growth, with nearly 300,000 shovel-ready homes idle due to financial and regulatory barriers. Despite federal tax relief for first-time buyers, average home prices remain above $1.1 million. High development fees, restrictive zoning, and outdated planning hinder new construction, causing new home sales to hit record…
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Toronto Gets $67.2M Housing Boost as Ontario Falls Behind on Construction Targets
Toronto will receive $67.2 million from Ontario's Building Faster Fund after meeting 88% of its 2024 housing start target. However, many municipalities are missing targets, limiting overall funding distribution. Ontario's goal of 1.5 million new homes by 2031 is at risk, with housing starts projected to remain low. Bill 17 aims to speed approvals and…