Carol SL Mark’s Blog
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Finding Toronto Real Estate GEMS | Toronto Luxury Home Sales See Double-Digit Growth
Luxury property sales are thriving in Toronto and across Canada, despite struggles with the high cost of living for many residents.In the GTA, there has been a significant increase yearly in the sale of houses priced over $3M.
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Finding Toronto Real Estate GEMS | Skip the Reno: When to Sell Your House as-Is
1. Low ROI: – Many renovations don't pay off in increased home value, resulting in a potential loss of money. 2. Nothing Wrong: – If the house is structurally sound, aesthetic upgrades may be unnecessary, as buyers likely remodel post-purchase.
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Finding Toronto Real Estate GEMS | Happy Mother’s Day
Mother's Day is a celebration honoring the mother of the family or individual, as well as motherhood, maternal bonds, and the influence of mothers in society. The origins of commemorating motherhood dates back to the Ancient Greeks, where in spring festival, they celebrated the goddess Rhea, considered the Mother of the Gods. Anna Jarvis’s lobbying…
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New condo sales in the Toronto area hit low not seen since financial crisis
New condo sales in the Toronto region have dropped to the lowest level since 2009 due to high interest rates and affordability issues. Sales are down 71% compared to the 10-year average, with prices continuing to rise despite the decrease in sales. Many projects have been put on hold, and incentives are being offered to…
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Toronto on the Verge of Becoming North America’s Most Expensive City
Toronto is on track to potentially become the most expensive city in North America, surpassing major urban centers like New York and Vancouver. Rising housing prices and inflationary pressures are making homeownership unattainable for many residents. Efforts are being made to address housing affordability and inflation through increasing housing supply and implementing regulatory measures. Continue…
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Finding Toronto Real Estate GEMS | Starting a Bidding War? Tips for Toronto Sellers
Sellers are advised to carefully consider their circumstances and goals before opting for this tactic. Listing low might be suitable for sellers seeking a quick sale but may not be ideal for those prioritizing certainty.
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Finding Toronto Real Estate GEMS | Toronto Real Estate: Peaks and Plummets
Toronto and GTA real estate peaked in February 2022, Since then, prices have declined steadily, with a 16.9% yearly drop at the end of 2023.Detached homes saw a 19.7% decrease, selling for $1,443,612 in Mid Q1.
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Finding Toronto Real Estate GEMS | What’s Hot in Commercial Real Estate
AI Adoption: Real Estate firms are embracing AI for faster decisions and data-driven insights.Operational Real Estate: Investments in properties like hospitals benefit from steady demand.
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Finding Toronto Real Estate GEMS | Lower Toronto Rents & Boost Housing: Why Tax Cuts Matter
Reduce rent increases: – Lower property tax hikes could help prevent landlords from passing on costs to renters. Protect vulnerable renters: – Policy could benefit those struggling with affordability by potentially keeping rents lower
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Toronto’s downtown in major trouble as office vacancy soars to worrying new heights
Downtown Toronto is facing a decline with 18% of offices sitting vacant in the first quarter of 2024. The city's office vacancy rate has been increasing due to new office buildings coming online and tenants reducing sublets. Future projections suggest a continued surplus of unoccupied office space until the 2040s. Continue to full article