Carol SL Mark’s Blog

For a housing market as intractably exorbitant as Toronto's, there is the belief that a full-on crash may be the only thing that could finally … Continue to full article

Toronto's housing market is seeing a decrease in prices, improving affordability. A study found that the city's prices have fallen more than other Canadian cities, with the average home price dropping by $22,300 in a month. Despite this, Toronto remains the second most expensive city after Vancouver. Other cities like Montreal, Halifax, Calgary, Ottawa, Winnipeg,…

Toronto City Council endorses a plan to build 65K rent-controlled homes by 2030. The $31B initiative aims to address the housing crisis by unlocking public land and increasing affordable housing targets. The plan includes 41K affordable rentals, 6,500 rent-geared-to-income homes, and 17,500 rent-controlled market homes.

Toronto's housing market is showing signs of improvement with a decline in months of inventory (MOI) and an increase in the sales-to-new listings (SNL) ratio, indicating sales are surpassing new listings. The condo market is also following this trend. More owners are also removing their homes from the market, further reducing MOI. These trends are…

Toronto's housing market is experiencing concerning trends, including an increase in mortgage defaults and power of sale cases. Even high-end areas are being affected, with residential power of sale listings breaking records. Major developments are on hold, sales are slowing, and sellers are struggling to sell homes at asking prices. Wealthy investors are also being…

A recent report has identified the cheapest Canadian cities for renters. The report was considering factors like: Rent WiFi speeds Cafés Access to national parks Avg temperatures Toronto comes 6th on the list with an avg monthly rent (for all types) at $3,210.

Tenants from across Toronto at risk of demovictions are calling for a provincial moratorium on the practice, at a time when many are struggling to find an affordable place to live. Continue to full article

Anecdotal evidence suggests an increasing number of Real Estate investors in Toronto are looking to sell properties to reduce debt.Investors, typically owning 3 or more properties, are exploring options such as selling 1 or 2 properties or continuing to rent them out.

Toronto's mayor, Olivia Chow, has expressed disappointment with the federal government's housing measures, stating that they are not ambitious enough and that the funds are needed urgently. While she is pleased with the government's blueprint for housing targets and the allocation of $1 billion for affordable housing, Chow believes more needs to be done to…