Category: Uncategorized
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Toronto Home Prices to Rise 11.7% by Q4: Slower Sales? | MrHunter.ca
July saw a 3.3% increase yearly in sales, reversing a previous steep decline. Sales numbers were marginally down MoM, while active listings surged to 23,877.
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Building for a Better Toronto | MrHunter.ca
Critical housing shortage: Rising living costs and lack of construction workers increase the problem.Focus on small units: The Majority of condos are too small for families, exacerbating the shortage of suitable homes.
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Home sales in Toronto rise 0.6% in August 2024
Greater Toronto-area home sales increased by 0.6% in August, rebounding from a 0.8% drop in July, marking only the third monthly rise in eight months. Average home prices fell by 0.8% to C$1.12 million, ending a six-month increase, while new listings decreased by 1.6%. Economists predict home prices may decline as more homeowners list their…
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Provincial and Federal Taxes Affect Toronto’s Bottom Line | MrHunter.ca
Provincial tax changes in Ontario include the CARE tax credit, benefiting families, and reduced business taxes.Federal tax adjustments in Canada support families with increased Canada Child Benefit and altered income tax rates.
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Unexpected Twist: Toronto Condo Rents Falling | MrHunter.ca
Average condo rents in the Greater Toronto Hamilton Area decreased by 1.2% yearly in Q2 2024. Studio condo rents saw a significant drop of 3.9% to $5.18/sq ft, causing investor concerns.
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Who’s Winning in Toronto’s Housing Market? | MrHunter.ca
Personal-use buyers are increasingly active, now making up over 90% of the market. The decrease in investor buyers creates more opportunities for those purchasing homes for themselves.
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Toronto Real Estate: Inventory Surges, Condos Buck The Trend
In the Toronto real estate market, overall stability is noted, but condos are facing unique challenges with inventory outpacing sales due to a surge in new listings. The Canadian Real Estate Association reported a significant increase in inventory as sellers entered the market. Meanwhile, a tragic discovery of a missing real estate agent's remains was…
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Here’s how much you can make renting your basement in and around Toronto
Renting basement apartments in Toronto can yield significant income, with average monthly rents reaching up to $2,600 in some neighborhoods. Old Toronto tops the list, followed by East York ($2,450), York ($2,350), Etobicoke ($2,300), and Oakville ($2,200). While Oshawa offers lower rents ($1,875), it also has the lowest home prices, making it a better investment…
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Toronto’s Q2: Record Apartment Deliveries | MrHunter.ca
New apartment deliveries are at record pace while townhouse demand remains steady in the GTA. Second-quarter 2024 saw a 61% drop in new multi-family unit sales compared to last year.
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Toronto Has More New Homes Than in a Decade | MrHunter.ca
Toronto has the highest number of homes for sale in a decade, indicating an affordable supply problem.Sales transactions are plummeting, with homes staying on the market longer.