Category: Uncategorized
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Understanding Different Types of Mortgages: Helpful Tips for New Canadians
Understanding various types of mortgages and their features can help new Canadians make informed decisions to achieve their financial goals. Continue to full article
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GTA office availability still rising, but might be nearing peak
Office space availability in the Greater Toronto Area rose to 20.8%, with overall vacancy increasing to 14.4%. The suburban markets outperformed downtown, with availability at 20.1% and vacancy at 12.9%. Sublease space decreased, while total available area reached 39.3 million square feet. Asking rental rates remained stable, and medium-to-large tenant activity is at a high…
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Why Won’t Lower Rates Fix GTA’s Housing Crisis?
First-half 2024 saw low sales due to high interest rates and construction costs, with no expected rebound. Record-low sales will lead to fewer housing starts, worsening future housing supply in the region.
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Local town ‘trending’ with short-term-rental customers
Airbnb reports a rise in Ontarians seeking affordable vacations in their local areas, with Penetanguishene emerging as a trending destination. Many bookings are domestic, particularly from the Greater Toronto Area. Airbnb listings are often more affordable than hotels and are located in areas with fewer accommodations, benefiting small communities and local businesses. Prices for Airbnbs…
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Check out my listing Address: 2651 Aquitaine Unit #5, Mississauga (Meadowvale), Ontario L5N1V5
This exquisitely renovated corner townhome in the coveted Meadowvale area of Mississauga epitomizes luxury and convenience. Featuring three spacious bedrooms, fresh paint throughout, gleaming hardwood floors, and modern pot lights, this home perfectly blends style and comfort for a sleek, contemporary living experience. The living room, a centerpiece of natural light, seamlessly combines with the…
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Check out my new listing Address: 9382 Silver West Lincoln, Ontario L0R1E0
Discover a stunning rural property on an expansive lot of over an acre, approximately 100.23 by 535.27 feet, nestled in the scenic charm of West Lincoln, Ontario. This newly renovated bungalow combines modern comfort with countryside allure, offering the perfect escape just 20 minutes from Hamilton. Surrounded by luxury custom-built homes, this property is ideal…
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GTA Housing Stock Gap Hits 50-Year High
The GTA population reached 5.9M, significantly higher than in 1972 when data collection began. Average municipal fees rose by $42,000 for low-rises and $32,000 for high-rises since 2022.
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Fewer Applications: GTA Housing Supply at Risk
The construction of new homes is falling behind population growth, worsening housing affordability in the GTA.Development applications dropped significantly, threatening the housing supply.
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GTA New Home Sales Hit Historical Low in Mid-Q3
New home sales in the GTA hit a historical low of 464 transactions in August 2024. August sales ↓ 46% compared to August 2023, and ↓ 73% below the 10-year avg.
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GTA Housing Crisis: Urgent Need for Government Action
Housing stock lags behind population growth, the widest gap in 50 years. New home approvals in GTA take 20 months, increasing costs by $43,000-$90,000 per unit.