Market Insight for May 12
Toronto city council approves up to four-unit multiplexes in all neighbourhoods Multiplexes can now be built in all neighbourhoods, meaning duplexes, triplexes and fourplexes can be built, without special permissions, in all neighbourhoods from Rosedale to Westmount...
Market Update for May 5
Competition Is Heating Up in the GTA Real Estate Market as Prices Pick Back Up With the spring market in full swing, competition for real estate in the Greater Toronto Area (GTA) is heating up as a consistently low number of listings leaves would-be buyers with few...
Market Update for April 21
The housing market could be gathering steam again – but a notable feature of recent weeks has been a lack of new listings becoming available. This lack of inventory is the main underlying storyline in the Greater Toronto Area (GTA) real estate market. Coming out of...
Community Event: Annual Rosedale Park Cleanup
As part of our team's commitment to our local neighbourhoods, please join us on April 22, 2023 for the annual Rosedale Park Clean Up! Details can be found in the small flyer below. Hope to see you there!
Market Update for March 31
To ensure every Canadian has a safe and affordable place to call home, Budget 2023 proposes new measures to build on this important progress. Over the past year, the federal government has taken significant steps towards making housing more affordable for Canadians....
Market Update for March 24
Canada’s rental housing shortage will quadruple to 120,000 units by 2026 without a significant boost in stock, Royal Bank of Canada said in a report this week. In order to reach the optimal vacancy rate of three per cent, the report suggested Canada would need to add...
Market Update for Feb. 17
There finally seems to be some optimistic news released from The Toronto Regional Real Estate Board (TRREB) for the year ahead. Considering all the doom and gloom that have made headlines in recent months, the second half of this year will see a gradual uptick in home...
Market Update for Jan 27th
The Bank of Canada raised its benchmark interest rate this week by 25 basis points to 4.5 per cent, the highest it’s been since 2007. The move was widely expected by economists as the bank tries to wrestle with record-high inflation. It's the eighth time in less than...
Market Update for Jan 20th
The Canadian rental market showed little signs of cooling down as 2022 came to a close. Average national rent remained above the $2,000 mark in December, for the second straight month, and the story was similar in the majority of local markets. This is according to a...
Market Update for January 13
All Toronto residential property owners must submit a declaration of their property’s 2022 occupancy status by February 2, 2023. A property is considered vacant if it was not used as the principal residence by the owner(s) or any permitted occupant(s) or was...