Carol SL Mark’s Blog
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Finding Toronto Real Estate GEMS | Bidding Wars Return to Toronto’s Real Estate Market
Bidding wars are back in the Toronto Real Estate market.~50% of the neighborhoods are now considered "in bidding war territory".
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Finding Toronto Real Estate GEMS | Delayed Spring Market Hits GTA Housing
Market momentum at the beginning of 2024 has been muted as interest rate cut hopes are delayed. Q1 ended with ↑ 11.2% yearly in sales and ↑ 18.3% in new listings.
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Delayed Rate Cuts Chill Toronto’s Spring Real Estate Market
Soft demand for houses and a spike in condo listings marked last month's market statistics. The Bank of Canada's delayed rate cuts have dampened expectations, with fixed mortgage rates remaining high. House sales were below average, while condos saw a surge in listings. Prices for both houses and condos remained flat compared to last year.…
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Toronto neighbourhoods have found new way to keep homes and businesses affordable
Multiple Toronto neighbourhoods, including Chinatown, Kensington Market, Parkdale, and now Little Jamaica, are using Community Land Trusts (CLTs) to preserve local businesses and affordable housing. The Little Jamaica Community Land Trust (LJCLT) was recently launched to protect vulnerable residents and businesses. LJCLT aims to advance social, cultural, and economic growth in the neighbourhood. Continue to…
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Finding Toronto Real Estate GEMS | Greater Toronto Area’s Middle Housing Revolution: Unlocking Affordable Living
Population vs. Housing: – GTA's growth outpaces the supply of attainable homes. Support for First-Timers: – Enhanced government aid is essential for market entry.
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Finding Toronto Real Estate GEMS | Toronto’s Housing Affordability Crisis Just Hit the Worst Level
Toronto's housing market is showing signs of recovery despite the high interest rates in 2023. However, affordability is at an all-time low, making it the hardest time ever to buy a home in Canada.
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Finding Toronto Real Estate GEMS | Toronto’s Late-Q1 Sales Dip, Prices Rise Despite Lower Demand
Home sales in Greater Toronto ↓ 4.5% in March yearly, totaling 6,560 sales. Despite lower sales, the avg selling price of homes ↑ 1.3% yearly to $1.12M.
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Toronto Real Estate Inventory Soars, One of The Weakest Months Ever
Greater Toronto real estate prices saw a significant increase in April, with the benchmark price rising by 1.3%. However, this rise was not due to a strong market, as home sales were weak and new listings surged by almost 50%. Despite the monthly increase, annual growth was lower than the previous year. Continue to full…
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Toronto strengthens bylaw to close short-term rental loopholes
Toronto city council has strengthened its short-term rental bylaw to close regulatory loopholes. Changes include higher registration fees, increased host vetting, and more inspectors. The amendments aim to combat rule-breaking operators and ensure rentals are primary residences. The rules target speculators and ghost hotels, requiring proof of principal residence for short-term rentals. Continue to full…
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Finding Toronto Real Estate GEMS | Revolutionizing Condo Living: Quality Over Quantity
Toronto is a highly desirable place to live, with a pressing need for sustainable housing, especially condos. Yet, a research reveals dissatisfaction with Toronto condos regarding quality, architecture, and livability.