Category: Uncategorized

Toronto’s housing market recovery gained momentum in November with ↑ 1.9% increase in home resales. Declining interest rates have encouraged some buyers, though affordability remains a significant challenge in the area.

Toronto's rent growth slowed significantly in 2024, dropping from 8.8% to just 2.7%. An increase in rental apartment supply, especially condominiums, led to higher vacancy rates in Toronto.

Toronto rents hit a 28-month low in November, with average rent falling to $2,640. Toronto’s studio rent ↓ 7%, reaching an avg of $1,932, while one-bedroom rent ↓ 8%.

Toronto's office vacancy rate stands at 18.6%, driven largely by older buildings struggling for tenants. Office vacancy is expected to peak in early 2025, marking the end of the remote work adjustment.

In 2024, Toronto focused on improving housing affordability and transit infrastructure for a better 2025. The Major Streets Policy rezones key corridors to allow mid-rise buildings, increasing housing opportunities.

恭喜發財. Wishing you prosperity. Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good. Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off firecrackers and fireworks, and…

Median sales prices in Toronto dropped 2% to $888,000, while total sales decreased by 2% to 24,017. High inventory levels gave buyers an edge, with active listings exceeding 20,000 from May onwards.