Category: Uncategorized
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Toronto’s Housing Freeze: Will Lower Rates Thaw the Market? | MrHunter.ca
Toronto REALTORS® saw an initial spike in interest after the Bank of Canada cut its overnight rate. Despite initial interest, the Toronto Real Estate market has become quieter, with buyers waiting for more rate cuts.
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Policy Recommendations for High GTA Prices | MrHunter.ca
Control Additional Charges: Government regulation needed on housing charges. Expand Land Availability: Increase development land.
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This is the salary you currently need to earn to afford a home in Toronto
People's interest in buying homes in Toronto is at a record low due to high supply and low sales. Prices have slightly dropped, making it more affordable for buyers. To afford a typical mortgage in Toronto, one needs to earn $214,360 annually, considering home prices, rates, and expenses. Affordability improved in many Canadian markets in…
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Toronto Condos: Flood of Listings, Buyer’s Paradise? | MrHunter.ca
In Mid-Q2, Toronto saw a record 9,951 condominiums for sale, driven by higher interest rates. Investors are selling due to high mortgage costs, insufficient rent coverage, and declining rents.
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Toronto Office Space Vacancy Hits A New Record High
Toronto's office space available for lease surged in Q2 2024, with a fifth of the market now up for lease. Vacant space increased to 14%, while sublet space accounts for 4.2%. Despite high vacancies, prices hit record highs. Demand is stronger in the north and west of the city. Average net asking prices per sqft…
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Check out my new listing Address: 1485 Lakeshore Road E. Unit #817, Mississauga, L5E 3G2
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Toronto Rent Pressure Persists Despite Cuts | MrHunter.ca
Despite low interest rates from 2009 to 2018, avg rents in Toronto ↑35%. In 2018, no Toronto neighbourhoods were affordable for full-time minimum wage workers by standard definitions.
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There are now more homes for sale in Toronto than there have been in over a decade
Toronto's housing market is facing a crisis with plummeting sales and a surge in inventory, leading to properties staying on the market longer. Royal LePage reports the highest number of homes for sale in a decade, indicating an affordable supply issue. Despite high prices, few are buying, causing developers to halt projects. The average home…
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Is Toronto Impossibly Unaffordable? | MrHunter.ca
Toronto ranked among the top 10 most unaffordable cities globally. Urban Reform Institute highlights severe affordability decline since mid-2000s.
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Toronto’s downtown in trouble as owners desperately try and sell office towers
Toronto companies continue to use hybrid work models, leading to high office vacancy rates. Some office tower owners are considering selling or converting to residential buildings due to the lack of demand. Real Estate Investment Trusts (REITs), which own 15% of Canada's office space, struggle with falling market valuations. Downtown Toronto recorded a 18% office…