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Spend no more than 30% of income, considering rent and additional expenses. Research neighbourhoods for desired atmosphere and proximity to work, schools, and transportation.

In Toronto, charges for semi-detached homes have reached $140K, and condos cost $80,690. High development charges are deterring new construction projects and driving up home prices in Toronto.

Protect Pipes: Insulate exposed pipes to prevent freezing and bursting during cold weather. Seal Air Leaks: Check windows, doors, and outlets for gaps to save on heating costs.

High Housing Demand: Toronto's growing population and limited housing supply drive competition and elevate property prices.Soaring Living Costs: Monthly expenses for families and individuals are significantly higher than in other Canadian cities.

House sales rose 34%, and condo sales 32% in Mid-Q4, reflecting robust buyer activity compared to last year.House prices increased by 5%, while condo prices dropped 4%, showcasing varying dynamics across property types.

Toronto is one of 22 global cities expected to experience a real estate boom in the next decade. House values in Toronto are projected to grow by 3 to 5% in 2025.

Toronto home sales rose 1.9% in November, driven by lower mortgage rates. There were 6,450 home transactions last month, marking the fourth consecutive month of sales growth.

Aggregate home prices in GTA are projected to rise 5% by Q4 2025, reaching $1,225,770. Single-family homes will see a 7% increase, reaching $1,523,466, amid declining condo prices.