Carol SL Mark’s Blog

Toronto's mansion tax hike may drive buyers toward lower-cost suburbs.Luxury homes in Toronto face higher land transfer taxes, impacting buyers in the $3-5 million range.

Buyers returned to the market in Early-Q1, reflecting improved sentiment. Multiple offer situations are observed, with some properties underpriced and well-received.

Toronto considers implementing a Municipal Non-Resident Speculation Tax (MNRST) at 10% on foreign home buyers. The tax aims to deter speculative home buying and generate up to $15M in revenue in 2025.

The report presents new Ipsos consumer polling results on 2024 home buying and selling intentions in the GTA. It also includes TRREB's outlook on home sales, new listings, average price, and underlying drivers such as interest rates, population growth, and the labor market. The report highlights the expected increase in home sales and the need…

Nowruz is a 3,000-year-old festival, making it one of the oldest in the world. Haft-Sin is a Nowruz table, featuring 7 symbolic items, all beginning with "sin" and representing different aspects of life. Nowruz celebrated by over 300M worldwide, including Iran, Afghanistan, Tajikistan, Uzbekistan, Azerbaijan, and many more. Nowruz is a time for forgiveness and…

"Excessive" documentation hinders renovation permits in Toronto. Complicated permits hinder efforts to increase housing supply, which is essential for meeting Canada's housing needs by 2030.

Toronto is planning to build one of the largest affordable housing projects in decades. The development in Scarborough will include over 600 co-op units, which could help address the housing crisis. Co-op units are often more affordable than market rent and are owned and managed collectively by members. The project marks a comeback for co-op…

Toronto's housing market may experience stability in early 2024. Sellers may have limited options in a balanced-to-buyer's market.

January saw a positive development in Canadian housing affordability, with the average income required to buy a home decreasing in 13 major markets. This was due to lower home prices and softer mortgage rates. Affordability improved the most in Vancouver and Toronto, while Calgary also saw a decrease in income needed to buy a home.…

Investment Opportunities: Toronto's Real Estate market offers diverse investment options with potential for growth.Dream Home Destination: Find your dream home in Toronto's dynamic housing market.