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CEBA Loans due on January 18, 2024

CEBA Loans due on January 18, 2024

IMPORTANT UPDATE FOR ALL LOAN HOLDERS ON REPAYMENT If you are unable to repay your CEBA loan when due (regardless of whether or not you are eligible* for the loan you received), your financial institution will contact you to request a lump sum repayment of the outstanding debt. If, at that point, you do not […]

The 9 people that own all of Toronto’s real estate extremely upset about property tax hike

The 9 people that own all of Toronto’s real estate extremely upset about property tax hike

Photo Credit TORONTO – Reacting to news of Toronto Mayor Olivia Chow’s plan to hike property taxes by more than 10%, the 9 or so people that collectively own all Toronto real estate expressed outrage, saying that Chow is making the city unaffordable. “This city is expensive enough,” said the landlord who owns everything south of Front Street. “For the mayor to then turn […]

GTA REALTORS® Release October 2023 Stats

GTA REALTORS® Release October 2023 Stats

GTA REALTORS® Release October 2023 Stats Lack of affordability and uncertainty remained issues for many would-be home buyers in the Greater Toronto Area (GTA) in October 2023. As a result, sales edged lower compared to last year. However, selling prices remained higher than last year’s levels. “Record population growth and a relatively resilient GTA economy have […]

Not even high interest rates can curb Toronto housing prices

Not even high interest rates can curb Toronto housing prices

Inflated interest rates may have made real estate in already-overpriced Toronto completely unaffordable to all but the ultra-wealthy in recent months, but even if mortgage and tax bills on the average Toronto home now amount to upwards of $7,000 per month, prices have yet to drop to match the decline in market activity. Sales for both condos and homes in the GTA have been […]

CONTENT FROM SPRING REAL ESTATE REPORT

CONTENT FROM SPRING REAL ESTATE REPORT

Lack of inventory is the main underlying storyline in the Greater Toronto Area (GTA) real estate market coming out of the winter months, and with an anticipated increase in demand, and competition among buyers, market watchers project renewed price growth. Part of the reason for growing demand, especially among first-time buyers, has been a red-hot […]