Category: Uncategorized
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How to use home equity to take out a second mortgage
Homeowners can utilize their home equity to finance renovations, education, or down payments. Equity builds through mortgage payments and property value increases. Options include second mortgages, home equity loans, and home equity lines of credit (HELOC). A second mortgage allows borrowing against home equity without refinancing. Home equity loans provide a lump sum, while HELOCs…
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Toronto Housing Market Shifts: Buy or Sell? | MrHunter.ca
Toronto’s housing market had its busiest July in 4-yr, with GTA home sales ↑ ~11% yearly. Despite the surge in sales, prices ↓, with the avg selling price ↓ 5.5% yearly to ~$1.05M. TRREB says more households are finding affordable ways to buy, though high borrowing costs remain a challenge. Meanwhile, new home sales have…
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Toronto Back in the Game | MrHunter.ca
Home sales hit their strongest July in years, showing a clear rebound in buyer activity. Lower borrowing costs and more listings are pulling buyers back into the market. Inventory is climbing, giving buyers more choice across all property types. Prices are slightly softer, keeping the market competitive for those ready to act.
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Toronto Homes: Selling Closer to Real Asking Price | MrHunter.ca
Slide 1 Toronto buyers finally hold power — inventory is high, bidding wars are cooling fast. Slide 2 Average GTA home price dropped 5.2% in August, now at $1,022,143. Slide 3 New listings up 9.4% year-over-year, with 14,038 properties hitting the market. Slide 4 Detached homes saw steepest price fall: down 7.5%, average now $1.31M…
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Prices show no signs of stabilizing in Toronto’s condo market meltdown
Toronto's condo market faces a prolonged crisis with prices hitting a four-year low, down 9.3% year-over-year and 21% since early 2022. Reduced immigration, investor withdrawal, and a surge of new, often small units are worsening oversupply. Despite price cuts, buyers remain hesitant, expecting further declines before the market stabilizes. Experts predict continued price drops until…
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Toronto: Permit Slump May Fuel Future Housing Crunch | MrHunter.ca
Toronto’s housing pipeline just hit a slowdown—building permits are dropping hard. Early-Summer saw 1,841 new units approved, less than half the 7-year avg. Why? Building costs are too high, home prices too low—projects don’t add up. Fewer permits now = fewer homes later, which could push rents and prices higher. But right now? Toronto rents…
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Is Toronto’s Housing Market Heading for a Crash or Recovery? | MrHunter.ca
Home prices are expected to see only modest growth through 2025, with affordability constraints preventing a strong rebound in demand. Persistent economic uncertainties, including trade and interest rate risks, could weigh on buyer sentiment and stall broader market recovery. Rising inventory levels will give buyers more choice but may also create downward pressure on prices…
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Is the Toronto Condo Market Loading the Next Wave? | MrHunter.ca
Toronto condos? Barely moved—but they’re holding steady in a shifting market. Prices crept up just 0.1% last quarter. Still going strong. The long game? Toronto’s condo prices are up 24% since 2019. Even when things cool, Toronto real estate doesn’t flinch. Buyers playing it smart are locking in now—before the next wave hits.
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Why first-time buyers aren’t flocking to the Toronto condo market even as prices slide
Toronto's condo market faces a deep downturn with prices dropping 9.3% year-over-year, yet average prices remain high at around $680,000, deterring first-time buyers. Despite a slight sales increase, affordability is a major issue due to high prices and interest rates, leading to monthly costs over $4,000. Oversupply of small, poorly designed "micro-condos" worsens the situation,…
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Toronto 2026-2027: Slow Recovery, Strong Potential | MrHunter.ca
Sales expected to increase as confidence returns and interest rates stabilize. Prices to rise slowly, driven by strong demand and limited new supply. Delayed condo projects may restart, especially near transit hubs. Rent growth continues, but at a slower pace due to increased completions. Foreign investor interest likely to return as market stabilizes.