Author: admin
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Toronto housing market poised for a steady rebound in 2025
Toronto's real estate market is showing signs of recovery after a challenging 2024, characterized by sluggish sales and declining condo prices. Lower interest rates and increased listings are improving conditions, although the condo market remains weak. Townhomes are in high demand, while overall property values in Toronto have dipped. Predictions for 2025 suggest a 5%…
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Toronto’s Bold Move Unlocks 7K Rental Homes
Toronto’s Purpose-Built Rental Housing Incentives initiative aims to create 20,000 new rental homes by 2026. The first phase plans to add 7,000 rental homes, including 5,600 purpose-built and 1,400 affordable homes.75 applications received, proposing 32,600 new homes, highlighting the sector’s readiness and urgent need for action.
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Downtown Toronto office availability dips for first time in 5 years
The downtown Toronto office market has seen its first decline in office availability in five years, with a current availability rate of 20%. This reduction is attributed to strong leasing activity and aggressive landlord concessions. The trophy and class-A segments recorded positive net absorption, while class-B and -C offices faced negative absorption. Significant leases include…
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Record Rental Supply Eases Toronto’s Rent Surge
Toronto's rent growth slowed significantly in 2024, dropping from 8.8% to just 2.7%. An increase in rental apartment supply, especially condominiums, led to higher vacancy rates in Toronto.
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Top 7 Toronto Condo Renovation Trends For 2025
Toronto's real estate market is thriving, with a growing popularity for condo living. Key renovation trends for 2025 include open-concept spaces with defined zones, eco-friendly upgrades, and smart home integration. Minimalist kitchens, spa-like bathrooms, and multi-functional furniture are in demand. Personalization through custom design is popular, and careful planning with professional guidance is essential for…
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Toronto’s Construction Slowdown: What’s Driving It?
Toronto struggles with a sharp decline in condominium starts despite its historically large volumes. Toronto reported 6,301 annualized rental starts, falling behind Edmonton's 7,190 units.
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Happy Lunar New Year
恭喜發財. Wishing you prosperity. Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good. Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off firecrackers and fireworks, and…
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پیشنهاد توسعه مسکن ۲۱ واحدی در Morriston
یک توسعه‌دهنده از Burlington قصد دارد ۲۱ واحد مسکونی در نزدیکی زمین بیسبال Morriston Meadows بسازد و به دنبال تغییر کاربری و تأیید تقسیم‌بندی برای یک ملک خالی در ۱۱ Main Street است. این توسعه شامل واحدهای مستقل با سه اتاق خواب و دو فضای پارکینگ خواهد بود و ممکن است واحدهای ثانویه برای مقرون‌به‌صرفه…
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Toronto Apartment Rents Decline by 7%
Toronto's apartment rents dropped by 7% yearly in Late-Q4 2024, reaching an average of $2,632. Three-bedroom apartments in Toronto saw a 3.3% yearly decline, averaging $3,718.
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Toronto Looks To Permit Fiveplexes, Sixplexes In Scarborough North
In spring 2023, Toronto legalized multiplexes with up to four units citywide, initiating discussions on six-unit multiplexes, particularly in Scarborough North. The Planning and Housing Committee is set to review amendments allowing five- and six-unit multiplexes in Ward 23, addressing population decline and enhancing local housing options. A report indicates that 61% of residential lots…