Carol SL Mark’s Blog
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Toronto Offers More Money for Eco-Friendly Homes | Finding Toronto Real Estate GEMS
Toronto plans to expand funding incentives to help property owners with retrofits, aiming for net zero emissions by 2040.The proposed regulation will set mandatory CO2 and greenhouse gas reduction targets for all existing buildings.
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Toronto’s Debt Bomb: Defaults Expected by 2025-26 | Finding Toronto Real Estate GEMS
Mortgage delinquencies are rising, exacerbated by upcoming renewals in 2025 and 2026. Canada’s banking regulator identifies mortgage renewals as a top financial risk.
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Happy Labour Day | Finding Toronto Real Estate GEMS
Happy Labour Day! Labour Day is a chance to honor and appreciate the hard work and contributions of workers in various industries. It's a chance to look back at workers' rights achievements and labor rights progress over time. Sending warm wishes on Labour Day to honor the dedication and contributions of workers everywhere. May your…
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Mounting condo inventories’ could put downward pressure on Toronto’s real estate market: report
Toronto's housing market remains sluggish due to high borrowing costs, with a report from RBC Economics indicating that more rate cuts are necessary to boost sales. Despite a slight increase in resales in June, July saw a 0.7% decline. Inventory levels are rising, particularly for condos, which have increased by 64% year-over-year. Home prices have…
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Experts say Toronto real estate prices are finally going to drop later this year
Home prices in Toronto are expected to decline, with a forecast from Oxford Economics predicting a 7% drop by the end of 2024. This decline is attributed to high housing unaffordability and increased mortgage renewals, leading to more listings than demand. Overall, Canadian home prices are projected to fall by 5%, particularly in major cities…
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Toronto Post-Rate Cut: Homebuying Chances Surge in Q3 | Finding Toronto Real Estate GEMS
Mortgage brokers believe there are more opportunities for homebuyers in Toronto's housing market compared to recent months.New listings surged after the BoC lowered its policy rate by 25 basis points in June.
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Toronto Sales Tick up Monthly, but Yearly Decline Persists | Finding Toronto Real Estate GEMS
The recent rate cut by the BoC is believed to be a contributing factor to the uptick in home sales. Home sales in the Greater Toronto Area ↓ 16.4% yearly in June, but ↑ MoM, reaching a total of 6,213 units sold.
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Rent or Own? The Path to Owning Your Home | Finding Toronto Real Estate GEMS
Weigh Flexibility vs. Investment: Renting offers flexibility, while buying builds equity and offers tax benefits. Consider Long-Term Stability: Buying is better if you plan to stay in one place for many years.
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Toronto’s Next 5-Yr Home Prices: Set for Steady Growth | Finding Toronto Real Estate GEMS
Growth is projected to continue over the next five years, though at a slower rate than the last decade. Toronto median home prices forecast: – 2024: $1.12M – 2025: $1.18M – 2026: $1.24M – 2027: $1.30M – 2028: $1.37M
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Toronto Approves 65K Rentals by 2030 | Finding Toronto Real Estate GEMS
Toronto's city council approved recommendations to increase rental housing and improve renter stability. The new Rental Housing Supply Program aims to create 65K rent-controlled homes by 2030.