Carol SL Mark’s Blog
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Where to Buy Detached Homes for Less in Toronto | Finding Toronto Real Estate GEMS
Detached homes in Leslieville, Riverside, and Little India average $1,632,400, close to Toronto's benchmark price. Regent Park, St. James Town, and Corktown homes cost $1.6M, below the city avg.
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Proposal in Toronto: Double Unit Cap to 60 | Finding Toronto Real Estate GEMS
Toronto City Council will vote on allowing townhouses and small apartments on major streets. The plan aims to relax zoning bylaws to enable buildings up to 6 storeys.
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Here’s how drastically home prices in Toronto have changed in the past 30 years
A study by RATESDOTCA compares real estate prices in Toronto from 1994 to 2024, revealing a 205% increase in home prices while household incomes rose by 32%. In 1994, homes cost five times the median income, now it's 12 times. The average home price in 2024 is $1,111,944, up from $196,731 in 1994. Despite increased…
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Toronto Developers’ Insights: Housing Market Predictions | Finding Toronto Real Estate GEMS
Toronto housing prices ↓ 10%-15% from early 2022 due to rising interest rates. Developers predict price recovery if interest rates ↓ (potentially by June) due to high demand.
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Rental housing, renovictions key items on the table at Toronto city council
Toronto city council approved protections for renters and funding for 6,000 new rental units. A bylaw targeting illegal renovictions was pushed forward to prevent unfair evictions. The city will enforce regulations similar to Hamilton's bylaw. Councillors debated the impact on landlords and tenants, with some arguing for better protections. Additionally, the council allocated over $350…
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Toronto just voted to make it way harder for landlords to kick out tenants
Toronto councillors have approved a motion to protect tenants from "renovictions." Landlords are now required to follow additional steps when issuing an N13 notice, including giving 120 days notice, offering the chance to return post-renovations, and providing compensation. A new bylaw mandates landlords to obtain a $715 renovation license within seven days of issuing an…
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East-End Toronto Shows Mixed Housing Trends in Early-Q2 | Finding Toronto Real Estate GEMS
East York and Danforth North home prices averaged $1.3M, ↑ 12.5% MoM and ↑ ~6.5% yearly. Riverdale and Danforth Southwest home prices averaged $1.2M, ↑~5% MoM but ↓~4% yearly.
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Toronto’s Spring Slowdown Benefits Buyers | Finding Toronto Real Estate GEMS
Toronto's housing market experiences a spring slowdown, favouring buyers. Listings ↑~50%, but sales ↓5% yearly.
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Toronto’s Market: Glut of Homes but Few Buyers | Finding Toronto Real Estate GEMS
Toronto Real Estate market facing a surplus of homes with low buyer interest. There's a surge in resale condo listings and new listings across all housing types.
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Toronto’s Supertall Era: A Skyline Revolution | Finding Toronto Real Estate GEMS
Toronto's skyline is set to change significantly by 2030. At least 7 new "supertall" skyscrapers are planned.