Eliminating development charges on new homes is not the answer; modernizing the Development Charges Act is
Eliminating development charges (DCs) on new homes is not a viable solution; instead, modernizing the Development Charges Act is essential. DCs, which have been in place for over 35 years in Ontario, are crucial for funding infrastructure needed for new housing. However, their rapid increase—up to $163,000 per single-family home—has raised concerns about housing affordability. […]
New Toronto Short-Term Rental Bylaws Take Effect
Since January 1, hosts must choose between registering as an entire-unit or partial-unit short-term rental operator. The registration and renewal fee for short-term rental operators will increase to $375.
Happy Family Day
In some families, it’s a day to spend time playing in the snow, building snowmen, or having snowball fights. Some families take advantage of the long weekend to have a "staycation" and enjoy the activities in their own city or town. Take advantage of this wonderful time of year to reinforce your family bonds. Wishing […]
Happy Valentine’s Day
Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400. By the middle of the 18th, it was […]
High Supply Drives GTA Condo Price Declines
High condo supply in the GTA has allowed buyers to negotiate lower prices. In December 2024, 80% of condos in the GTA sold below the asking price.
GTA Real Estate Set for Competitive Market in 2025
Greater Toronto Area prices expected to ↑ 5% by Q4 2025 compared to the previous year. Real Estate demand is forecast to grow, with faster home sales and decreased market time in 2025.
Ontario’s housing outlook seems bleak. Here’s how the major parties plan to jumpstart construction
Ontario's major parties are proposing plans to increase home construction as housing starts have stalled, despite the PCs' promise to build 1.5 million new homes by 2031 amid economic challenges. Continue to full article
Fixed or Variable Mortgage: Does the Latest Rate Cut Change the Game?
The Bank of Canada has reduced the overnight lending rate by 25 basis points to 3%, benefiting homeowners with variable-rate mortgages through lower monthly payments. While variable rates may offer immediate relief, fixed rates, influenced by bond yields, have also seen a downward trend. Predicting future movements is challenging, and borrowers should consider their financial […]
Get Your House Market-Ready
Consult a REALTOR®: A local agent helps price your home correctly and attract potential buyers. Complete Repairs: Fix any outstanding issues, like leaky faucets or worn-out flooring, for a polished look.
Ontario’s Improved Credit Rating Boosts GTA Growth
Ontario's improved credit rating allows for lower borrowing costs, benefiting GTA residents and families. GTA families will receive $1K in rebates to help combat high interest rates and taxes.