Year: 2024
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Canada CPI inflation falls to 2.9% vs. 3.3% expected
Mortgage interest costs continued to be the #1 driver of inflation Recent data from Statistics Canada reveals a decrease in the inflation rate for January to 2.9% from December’s 3.4%, which was below the expected 3.3%. This change is significant for those interested in the Ontario housing market, suggesting a shift in economic conditions. Highlights…
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10 fun FREE things to do in Toronto this winter
Looking for something fun to do in Toronto that won’t break the wallet? Despite Toronto’s reputation for being one of the most expensive cities in Canada, especially when it comes to finding a place to live, there’s still plenty of fun to be had that won’t strain your finances. In this guide, we’ve put together…
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Here’s What $1M Homes Look Like Across Canada
Although $1 million may fall below the average home price in major Canadian real estate markets such as Toronto and Vancouver, this budget can offer an exceptional range of properties in many other cities across the country. From coast to coast, a $1 million budget can provide access to a diverse selection of properties, such…
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Someone is renting a bunk bed in Toronto and calling it a “prestigious accommodation”
Toronto’s rental market is showing signs of easing prices, but a new trend is emerging among landlords. They’re getting creative, and sometimes controversial, by turning unlikely spaces into “bedrooms” to attract those watching their wallets. From beds in kitchens to mattresses on staircases, social media is abuzz with these unusual rental options. One such listing…
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Toronto city council has officially approved Olivia Chow’s 9.5% property tax hike
’80 cents extra a day, folks can afford it,’ Chow told reporters Wednesday In a landmark decision that marks the city’s largest property tax increase in over a quarter of a century, the Toronto City Council has greenlit a significant hike in property taxes, coupled with a $20 million boost to the police budget. This…
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A new report has identified the Ontario cities where home prices have fallen the most
In the latest real estate market update, Ontario homeowners, particularly in Burlington, are experiencing a notable downturn in property values, making Burlington the most affected city in comparison to other Canadian locales over the previous year. This trend is highlighted in the recent Point2Homes report which analyzed condo and single-family home prices across Canada’s largest…
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Here’s your chance to buy a hotel and male strip club in Etobicoke for $12.6M
Have you dreamed of owning your own male strip club and hotel in Toronto? Well here’s your chance! Priced at $12.6 million, this property combines a boutique hotel and five retail units, promising investors a chance to earn nearly $800k in rental income annually. This complex isn’t just any investment—it’s a diverse venture in one of…
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This 1+1 bedroom home just sold for $846,000 in Toronto and everyone is freaking out
A recent property sale in Toronto has left residents questioning the state of the city’s housing market. Despite selling for less than its asking price and significantly below $1 million—a rarity for a detached home in Toronto—the size of the house has ignited discussions on the steep prices in the real estate market. The home,…
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You can buy an entire apartment building in the desirable Port Credit, Mississauga for $3.6M
There’s a special investment opportunity waiting in Port Credit at 314 Lakeshore Rd. W. This property is different from others because it has eight empty apartments. This means new owners can decide how much rent to charge based on what people are paying now, which could lead to making more money. The building combines old-time…
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Canada extends the ban on foreign home buyers to 2027 amid housing affordability crisis
The Canadian government has recently announced an extension of the foreign ownership ban on residential properties, a move aimed at addressing the country’s escalating housing crisis. Initially implemented on January 1, 2023, this ban prevents foreign businesses and individuals from buying homes in Canada. Originally set to expire on January 1, 2025, the ban is…
Canada Housing Market 