Carol SL Mark’s Blog

Downtown Toronto home with 999 sq ft, and 2 bedrooms: $949K Exclusive Toronto home with 3.9K sq ft, and 4 bedrooms: $6.65M Charming Toronto home with 935 sq ft, and 2 bedrooms: $1.07M

The Government of Canada has announced $44 million in funding to create 106 affordable homes in Toronto. The project, called Frankfort Family Reena Residence, will provide housing for individuals and families in need, including those with disabilities and seniors. The funding comes from the Rapid Housing Initiative, which aims to create affordable housing units for…

The middle of winter has long been a time of celebration around the world. Many peoples rejoiced during the winter solstice, when the worst of the winter was behind them, and they could look forward to longer days and extended hours of sunlight.Popular modern customs include gift-giving and the display of various holiday decorations.Here's wishing…

Condo investors in Toronto are holding onto their properties despite high carrying costs because there are few buyers in the market.Potential sellers are choosing to put their properties back on the rental market instead of selling because of limited demand from buyers.

A slightly more affordable housing market is in sight for Toronto in 2024 Continue to full article

The avg Toronto home price exceeds median income by 210%, totaling $1,163,700. Mortgage insurers won't cover homes > $1M, leading to higher interest rates. Investors own > 56.7% of Toronto condos built between 2016 and 2021.

According to Urbanation Inc.'s Q3-2023 Condominium Market Survey, the sale of new condos in the Toronto region in the summer months of November 2023 has been impacted by rising interest rates and market uncertainty. A total of 2,664 new condo units were sold in the GTA, representing a 41% increase from a year ago, but…

The upcoming report by the Deputy City Manager for Development and Growth Services is set to be reviewed by the Executive Committee on October 31 and City Council between November 8 and 10. It recommends 22 changes to Toronto's housing system to bring more affordable housing to market, with a focus on five housing-ready sites,…

Toronto city councillors voted to ↑ the vacant home tax from 1% to 3% of a vacant home's assessed value, effective in the 2024 tax year. At least $10M of additional revenue generated by the tax hike will be allocated to purchasing affordable rental housing from the private market.A 3% vacant-home tax could generate ~$105M…

TORONTO, Nov. 15, 2023 – CT Real Estate Investment Trust (“CT REIT”) (TSX: CRT.UN) declared a distribution for the period of November 1, 2023, to November 30, 2023, of $0.07485 per trust unit. CT REIT, an unincorporated, closed-end real estate investment trust, focuses on owning income-producing commercial properties primarily in Canada. REITs allow individual investors…