Carol SL Mark’s Blog

Many GTA condo projects halted indefinitely due to market challenges, impacting preconstruction buyers. Sales of new condos hit a 15-yr low, leading to a 52% drop in construction starts.

To all Canadians around the world, a very happy Canada Day to you all. This day commemorates the unification of the three North American British colonies. Canada Day is a celebration of a united Canada and examining its defects, past and present, should not lead us to overlook its strengths. So let’s pour our hearts…

There are 60 projects delayed, totalling more than 21,505 units across the Greater Toronto and Hamilton Area (GTHA).In Toronto, specifically, there have been 11,595 delayed units over 29 projects since mid-2022.

Toronto's condo market struggles to recover, with record resale listings and buyer hesitation. Reasons for the Slowdown: – High interest rates – Increased cost of living – General economic uncertainty

Early-Q2 saw a rise in listings, which experienced a shortage of homes for sale leading to a short-term price surge. The number of properties for sale ↑ 47% yearly.

Tens of thousands of Toronto residents are facing vacant home tax bills despite their properties being occupied.Several residents express a desire for clearer communication from the city regarding the declaration deadline.

The vacant home tax, initiated in late 2021, aims at unoccupied properties, prompting owners to sell or rent; declarations were required before a set deadline. Administration issues with the program emerged in early 2024, prompting an extension of the declaration deadline from February.

Agents access more properties, refining searches to fit your budget and preferences. Their deep understanding of neighborhoods enhances property selection.

Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of…