Category: Uncategorized
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Toronto’s Housing Market Enters New Reality
Buyers gain the upper hand, with 66% of homes selling below asking—the most favourable market since the 1990s. Prices adjusting to new norms, with April’s benchmark home price at $1.01M, offering more entry points for buyers.
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Toronto Forecast for Rest of 2025
Home prices expected to rise 4–5% by end of 2025. Strong immigration will support continued buyer demand.
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Five tips for a quick closing to your mortgage refinance
Closing a mortgage refinance typically requires a lawyer or title company. Refinancing involves paying off an existing loan with a new one, often from a different lender. To ensure a smooth closing, have a valid government photo ID, provide updated debt statements, and share your lawyer's information promptly. Scheduling closing during off-peak times and opting…
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Toronto housing demand outpaces construction supply
Toronto faces a severe housing affordability crisis amid record population growth, with nearly 300,000 shovel-ready homes idle due to financial and regulatory barriers. Despite federal tax relief for first-time buyers, average home prices remain above $1.1 million. High development fees, restrictive zoning, and outdated planning hinder new construction, causing new home sales to hit record…
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Early-Q2: New Listings Spike, Prices Fall in Toronto
As of April 2025, Toronto's housing market is cooling as supply rises and sales drop sharply across the city.Home sales ↓ 23% yearly, while new listings ↑ 8%, boosting active listings by ↑ 54%.
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Happy Canada Day
To all Canadians around the world, a very happy Canada Day to you all. This day commemorates the unification of the three North American British colonies. Canada Day is a celebration of a united Canada and examining its defects, past and present, should not lead us to overlook its strengths. So let’s pour our hearts…
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Toronto receives $67M through second round of Building Faster Fund
The Ontario government is awarding over $67 million to Toronto through the Building Faster Fund for achieving 88% of its housing target by breaking ground on 20,999 new homes in 2024. This funding supports building more homes and community infrastructure. The three-year, $1.2 billion program aims to encourage faster municipal approval processes to increase housing…
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Toronto Market: Will It Crash in 2025?
Home prices ↓ 4.1% yearly in April, creating attractive opportunities for motivated buyers. New listings ↑ 8.1%, expanding buyer choices across detached and condo markets.
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Over-Ask Bidding Sparks in Toronto’s Hottest Areas
Over 75% of GTA neighbourhoods are underbid, yet a few key areas are still surging. Top overbid neighbourhoods, Little Italy, Davenport, St. Clair West, The Danforth, and The Junction, combine charm with access.
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Toronto Housing Promises Sound Good: But Who Delivers?
Home prices are 10× average incomes—housing is voters' top issue across the GTA this election. Big Promises, Bigger Costs: Will They Build? The NDP vows 3M homes in 5 years—Liberals and Conservatives aim to double builds with strings attached.