Category: Uncategorized
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Toronto was just named one of the top 10 most ‘impossibly affordable’ cities in the world
Toronto residents struggle with high living costs as the city is ranked among the least affordable globally by the Urban Reform Institute. Housing affordability in Canada, especially in Toronto and Vancouver, has sharply declined since the mid-2000s. Toronto's income-to-home price ratio is 9.3, making it the tenth toughest city financially. The study assessed nearly 100…
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Cost of living in Canada
Five Canadian cities, including Toronto, Vancouver, and Montreal, are among the most expensive for international workers due to high housing costs. Despite this, Canadian cities are still more affordable compared to U.S. cities. The cost of living is influenced by factors such as housing costs, shortages, inflation, and exchange rates. The most expensive cities globally…
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Toronto’s Supertall Era: A Skyline Revolution | MrHunter.ca
Toronto's skyline is set to change significantly by 2030. At least 7 new "supertall" skyscrapers are planned.
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GTA Condo Market: Sales Slump Stalls Projects | MrHunter.ca
Many GTA condo projects halted indefinitely due to market challenges, impacting preconstruction buyers. Sales of new condos hit a 15-yr low, leading to a 52% drop in construction starts.
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Happy Canada Day | MrHunter.ca
To all Canadians around the world, a very happy Canada Day to you all. This day commemorates the unification of the three North American British colonies. Canada Day is a celebration of a united Canada and examining its defects, past and present, should not lead us to overlook its strengths. So let’s pour our hearts…
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Toronto Real Estate Spirals As Inventory Surges, Demand Hits Historic Low
Toronto real estate saw prices decline in May for the third consecutive year, with the most inventory in over a decade and the weakest May demand on record. The typical home price dropped 0.9% to $1,117,400, down 3.5% from a year ago. Home sales hit a low not seen since 2000, with just 7,013 sales.…
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4X Delays: 11,500 Toronto Home Projects Stalled | MrHunter.ca
There are 60 projects delayed, totalling more than 21,505 units across the Greater Toronto and Hamilton Area (GTHA).In Toronto, specifically, there have been 11,595 delayed units over 29 projects since mid-2022.
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Toronto Condo Market Stalls Despite Looming Rate Cuts | MrHunter.ca
Toronto's condo market struggles to recover, with record resale listings and buyer hesitation. Reasons for the Slowdown: – High interest rates – Increased cost of living – General economic uncertainty
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Toronto’s Spring Favours Homebuyers With Falling Prices | MrHunter.ca
Early-Q2 saw a rise in listings, which experienced a shortage of homes for sale leading to a short-term price surge. The number of properties for sale ↑ 47% yearly.
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Record Number of Condos for Sale in the Toronto Area
In May, Toronto had a record number of condominium listings due to investors selling off properties. High interest rates, declining rents, and upcoming condo completions have reduced investor optimism. Condo prices have plateaued recently. House prices and sales were down, with an increase in listings. Regional trends show declines in sales and prices for both…