Category: Uncategorized

Toronto sees a second month of falling home prices due to supply-demand imbalance. June home sales dropped by nearly 17%, continuing a trend from the previous month.

Toronto plans to expand funding incentives to help property owners with retrofits, aiming for net zero emissions by 2040.The proposed regulation will set mandatory CO2 and greenhouse gas reduction targets for all existing buildings.

Mortgage delinquencies are rising, exacerbated by upcoming renewals in 2025 and 2026. Canada’s banking regulator identifies mortgage renewals as a top financial risk.

Happy Labour Day! Labour Day is a chance to honor and appreciate the hard work and contributions of workers in various industries. It's a chance to look back at workers' rights achievements and labor rights progress over time. Sending warm wishes on Labour Day to honor the dedication and contributions of workers everywhere. May your…

Mortgage brokers believe there are more opportunities for homebuyers in Toronto's housing market compared to recent months.New listings surged after the BoC lowered its policy rate by 25 basis points in June.

The recent rate cut by the BoC is believed to be a contributing factor to the uptick in home sales. Home sales in the Greater Toronto Area ↓ 16.4% yearly in June, but ↑ MoM, reaching a total of 6,213 units sold.

Weigh Flexibility vs. Investment: Renting offers flexibility, while buying builds equity and offers tax benefits. Consider Long-Term Stability: Buying is better if you plan to stay in one place for many years.

Growth is projected to continue over the next five years, though at a slower rate than the last decade. Toronto median home prices forecast: – 2024: $1.12M – 2025: $1.18M – 2026: $1.24M – 2027: $1.30M – 2028: $1.37M

Toronto's city council approved recommendations to increase rental housing and improve renter stability. The new Rental Housing Supply Program aims to create 65K rent-controlled homes by 2030.