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While rental demand completely outpaced supply in Toronto last year, there may be some relief for rent prices on the horizon this year. Despite the price growth that’s expected in 2024, Toronto saw rents declining in January for both 1 and 2-bedroom options.

When buying a home, successful negotiation depends on understanding market value, finances, and inspection results. Tips include researching market value, knowing finances, and using a home inspection. Negotiate for price, repairs, warranties, closing costs, and other terms. Consider walking away if terms are unacceptable. Continue to full article

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