Townhouse sales in the Greater Toronto Area remained steady in 2024, with 3,255 units sold. Demand for townhouses surged in Q4 2024, reaching a two-year high and making up 60% of late-year sales.Read more
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GTA new home sales hit a 40-year low in December, with only 310 units sold.New condo sales in December ↓ 63% yearly, and were 86% below the 10-year avg.Read more
Development charges have soared up to $163,000 per home in GTA, increasing housing costs significantly.Development charges fund vital infrastructure like water, roads, and sewage for new housing projects in Ontario.Read more
Homebuyers in the Greater Toronto Area gain negotiating power due to increased condo listings at the end of 2024.First-time buyers benefit from lower borrowing costs and stronger negotiating power in early 2025.Read more
New condo sales in GTHA dropped 64% at the end of 2024, marking the lowest sales since 1996. Investor challenges, including negative cash flow and financing difficulties, contribute to the ongoing market decline.Read more
Greater Toronto home sales ↓ 1.8% in December, totalling 3,359 transactions. The avg selling price ↓ 1.6% yearly to $1,067,186 in December.Read more
Ontario's improved credit rating allows for lower borrowing costs, benefiting GTA residents and families. GTA families will receive $1K in rebates to help combat high interest rates and taxes.Read more
Shop Around Annually Compare quotes Loyalty may cost more over time Save hundreds with online tools Bundle Policies Combine home & auto insurance for 5-25% savings Bundles simplify policies and add perks Negotiate better ratesRead more
Discussions on Municipal Development Charges (DCs) highlight their impact on new home affordability and construction costs. While some suggest eliminating DCs, it is crucial to modernize the Development Charges Act instead. DCs, which have been in place for over 35 years, are essential for funding infrastructure necessary for new housing. The significant increase in DCsRead more
Greater Toronto Area prices expected to ↑ 5% by Q4 2025 compared to the previous year. Real Estate demand is forecast to grow, with faster home sales and decreased market time in 2025.Read more
