Carol SL Mark’s Blog

Early-Q1 2024 avg home price: $1,065,800 – Stress test rate: 7.71% – Mortgage rate: 5.71%

Toronto has regained its position as the second most expensive city for renters in Canada, after Vancouver. Rent prices in Toronto have slightly decreased, but nationally, they have increased by 10.5% compared to last year. The cost of renting a one-bedroom apartment in Toronto is $2,495, and a two-bedroom is $3,287. Rent prices have risen…

While rental demand completely outpaced supply in Toronto last year, there may be some relief for rent prices on the horizon this year. Despite the price growth that’s expected in 2024, Toronto saw rents declining in January for both 1 and 2-bedroom options.

Tips for first-time home buyers on getting pre-approved for a mortgage quickly: Talk to a loan officer for guidance, ask for referrals from friends, review your credit report for errors, gather necessary documentation, work with one mortgage professional to find the best option, consider interest rates, fees, and customer service when choosing a lender. Continue…

Toronto council approves largest property tax hike in 25 years, along with $20M police boost. Mayor Olivia Chow defends 9.5% increase, cites need for financial stability and service improvement.

1. Mississauga: – ~40-minute drive west of Toronto – Avg house price: $981K 2. Halton Hills: – ~48-minute drive from downtown Toronto – Avg home sales: $902K

Toronto experienced a 1.3 per cent decrease in average asking rents, while rents increased by over 10 per cent nationally, according to a new report. Continue to full article

Breaking news! Interest rates at pre-pandemic levels, mortgage rates at all-time low, announces Fed. It's a dream come true for homebuyers who have been waiting for the perfect time to enter the market! Dream on… Happy April Fool’s Day!

Toronto's condo market faced challenges in 2023 with low sales and high prices. However, a surge in new listings helped balance the market, leading to a slight price decrease. Anticipation is building for potential interest rate cuts by the Bank of Canada, which could boost demand for ownership housing. Recent warm weather has increased activity…

Easter is a Christian holiday that celebrates the belief in the resurrection of Jesus Christ.However, according to many theologians, Easter originally began before the arrival of Christianity.It is believed that Easter is named after the Anglo-Saxon goddess of the dawn and spring, known as Eostre.Examples of Easter traditions include Easter eggs and related games such…