Carol SL Mark’s Blog

Toronto prices forecasted to ↓ 3%, Kitchener ↓ 8%, while Windsor expects ↑ 7.5%National avg home price to ↑ 0.5%, with 61% of regions anticipating sales growth.A more balanced GTA market is expected in 2024, favouring buyers at certain points.The condo market is expected to bounce back in Toronto.Despite varied forecasts, Ontario's strong housing dem…

Community organizations in Toronto are proposing a gentrification tax to prevent homeowners from profiting off the increased value of their properties. The tax would be higher for short-term owners and decrease the longer a person remains a local resident. The funds collected would be used to address affordable housing issues in the neighborhood. The tax…

Moving to Toronto can be challenging due to its diversity and multiple neighborhoods. Top neighborhoods include The Annex, Yorkville, The Beaches, Kensington Market, Chinatown, Harbourfront, High Park, Bloor West Village, Distillery District, and Leslieville. It's crucial to consider factors like budget, commute, lifestyle, amenities, safety, schools, community, culture, future growth, neighborhood dynamics, and personal preferences…

Toronto's Real Estate market is currently in a buyer's market for the first time in decades. Home sales in October were down by 5.8% compared to the same month last year, indicating a slowdown in the market. The number of new listings in October increased, leading to a significant rise in active listings.

The Toronto real estate market saw a decline in sales and an increase in inventory in November. High borrowing costs and economic uncertainty affected home sales in the Greater Toronto Area. However, the increase in listings provided more options for buyers, resulting in stable prices. Despite the adjustment in prices, overall market conditions indicate challenges…

Toronto ranks 3rd in Canada for the highest avg rent for a 1-bedroom apartment, reaching $2 K in October. Toronto's 2-bedroom units had the2nd-highest avg rent at ~$3.4K, ↑ 2.7% yearly. Overall, the avg rent in Toronto for all property types was $2.9K/mo, ↓ 0.8% yearly.

Toronto's real estate market in November saw a decrease in sales and an increase in listings, resulting in flat year-on-year prices. Higher borrowing costs and economic uncertainty continue to impact the market. However, as mortgage rates are expected to decrease and the population grows, demand is predicted to increase, leading to a potential rise in…

The Prime Minister, Justin Trudeau, today announced that the federal government has reached an agreement with the City of Toronto, Ontario, to fast-track nearly 12,000 new housing units over the next … Continue to full article

Prestigious neighborhoods witness rapid sales ahead of the impending "luxury tax" in 2024. Properties in Rosedale and Forest Hill snapped up before year-end due to tax concerns. Properties in Rosedale and Forest Hill snapped up before year-end due to tax concerns.