Category: Uncategorized
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Happy Father’s Day
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of…
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Toronto Home Prices Hit Multi-Year Lows!
The Greater Toronto Area sees a 1.6% drop in single-family home prices month-to-month. The condo benchmark price drops by 1.4%, reaching the lowest point since September 2021.
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ANALYSIS: You can’t make housing more affordable without making it cheaper
About 75% of Canadian home sales are existing homes, so improving affordability requires lowering resale prices. Federal officials emphasize increasing supply and cutting costs for new builds, but true affordability depends on more new homes reducing overall prices, including resales. Without lowering resale prices, affordability gains would take decades, risking political fallout as many homeowners…
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Toronto Housing Starts Nosedive
Toronto housing starts dropped 65% in March, led by sharp declines in both multi-unit and single-detached construction. This continues February’s 68% fall, highlighting ongoing struggles for new housing supply in Canada’s largest city.
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Single-family rentals outpace multifamily growth
Canada's single-family rental (SFR) households grew nearly 15% from 2016 to 2021, outpacing the 9.4% growth in multifamily rentals. This shift is driven by affordability issues, rising mortgage costs, and lifestyle changes, with solo renters increasing significantly in SFR homes. Ontario and Québec lead this trend, with cities like Markham seeing nearly 70% growth. Many…
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Strategic Renovations Add $250K to Toronto Homes
Targeted home renovations in Toronto can add up to $250K in property value. Smart home improvements focus on functionality, appealing to today’s buyers and maximizing return on investment.
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Housing starts for April 2025
Canada's housing starts rose 2.4% in April to 240,905 units, with a 30% monthly increase to 278,606 units. Actual starts in centers over 10,000 population grew 17% year-over-year, reaching a record high for April. Increases were seen in Québec and the Prairies, while Ontario and British Columbia declined. Montreal and Vancouver saw multi-unit start growth,…
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Toronto’s Construction Costs Lag Behind Vancouver’s
Toronto's construction costs are lower than Vancouver’s, particularly in residential and commercial sectors. In Toronto, the cost of concrete high-rise buildings is closer to $300 per sq. ft, lower than Vancouver.
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Purpose-Built Rentals Surge in Greater Toronto
The GTA real estate market is shifting towards purpose-built rentals (PBRs) to address housing needs. Ontario’s shift from low-rise homes to high-rise condos is changing the landscape for investors.
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Why Are Toronto’s Housing Starts Plummeting?
Toronto's housing market is facing a sharp decline, with sales and new construction slowing significantly. The multi-unit housing sector in Toronto saw a steep drop, impacting overall housing start figures.