Category: Uncategorized

Breaking news! Interest rates at pre-pandemic levels, mortgage rates at all-time low, announces Fed. It's a dream come true for homebuyers who have been waiting for the perfect time to enter the market! Dream on… Happy April Fool’s Day!

Detached home prices in Toronto ↓ 20% since the pandemic peak in February 2022. Analysts suggest that falling interest rates are contributing to a potential resurgence in demand for detached homes.

Toronto's mansion tax hike may drive buyers toward lower-cost suburbs.Luxury homes in Toronto face higher land transfer taxes, impacting buyers in the $3-5 million range.

Toronto's real estate market rebounds, ending buyers' market following sluggish fall sales. January saw a 37% increase in home sales and 6.1% rise in new listings.

Buyers returned to the market in Early-Q1, reflecting improved sentiment. Multiple offer situations are observed, with some properties underpriced and well-received.

Toronto considers implementing a Municipal Non-Resident Speculation Tax (MNRST) at 10% on foreign home buyers. The tax aims to deter speculative home buying and generate up to $15M in revenue in 2025.

The median rent for 1-bed houses: $2,372, ↑ 3% MoM, and ↓ 2% yearly The median rent for 2-bed houses: $3,300, ↓ 4% MoM, and unchanged yearly

Nowruz is a 3,000-year-old festival, making it one of the oldest in the world. Haft-Sin is a Nowruz table, featuring 7 symbolic items, all beginning with "sin" and representing different aspects of life. Nowruz celebrated by over 300M worldwide, including Iran, Afghanistan, Tajikistan, Uzbekistan, Azerbaijan, and many more. Nowruz is a time for forgiveness and…

"Excessive" documentation hinders renovation permits in Toronto. Complicated permits hinder efforts to increase housing supply, which is essential for meeting Canada's housing needs by 2030.