Toronto Residents Face Increased Fees in 2023

Toronto city council has approved the highest property tax increase for homeowners since the city’s six boroughs amalgamated in 1998. The 5.5% residential tax hike will amount to an additional $183 for the average Toronto household, says the City. However,…

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December 2022 Real Estate Market Update

The Greater Toronto Area (GTA) housing market experienced a marked adjustment in 2022, compared to record levels the previous year. The average selling price for all home types was $1,051,216 in December 2022, down 9.2% from $1,157,837 the previous year.…

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How to Find Out About Construction Projects

Ever wonder if a neighbourhood you’re looking at buying a home in will soon see a flurry of construction activity? Not construction (and the associated disruption) related to the filling of potholes or the replacement of city pipes. Rather, I’m…

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Seller’s Markets Still Exist Amid Housing Shift

Five Ontario cities are still experiencing a seller’s market despite rising interest rates, according to a new report by Canadian real estate website Zoocasa. Predominantly located in northwestern Ontario, they include Thunder Bay, Sault St. Marie, North Bay and Sudbury,…

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Top Residential Mortgage Trends Revealed

It is more difficult for potential borrowers to get qualified for loans subject to the stress test, as shown by declining ratios of mortgage loan approvals to applications in the first half of 2022. This is just one finding in…

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