Tag: real estate
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Top 5 Ontario Cities for Real Estate Investment in 2024
The Ontario housing market continues to offer a wide array of opportunities for real estate investors in 2024. Whether you’re looking for rental income, property appreciation, or a balance of both, these five cities are some of the top picks for investors this year based on growth trends, affordability, and economic prospects. 1. Ottawa As…
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Average Rent for a 2-Bedroom Apartment in Toronto Could Soar to $5,600 by 2032
Toronto’s rental market is set for a significant price surge, with predictions pointing to a staggering 72% increase in rent by 2032. A recent study from Concordia University forecasts that average two-bedroom rents in Toronto could reach $5,600 per month by 2032, a sharp rise from the current rates. In the nearer future, rents are…
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How much it costs to rent in Canadian cities right now
Rentals.ca just launched their October 2024 Rent Report and here’s everything you need to know. In September 2024, average asking rents across Canada for all residential property types saw a modest 2.1% increase year-over-year, reaching $2,193. This marks the smallest annual rent increase since October 2021, highlighting a slowdown in the rapid rent growth we’ve…
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Can Ontario Landlords Ban Pets? Know Your Rights as a Renter
Renting a home in Ontario is tough enough, but it gets even more challenging when landlords add ‘no pets’ clauses to rental agreements. Many renters believe these clauses are legally binding, but here’s the truth: in most cases, these rules are unenforceable. Ontario’s Residential Tenancies Act (RTA) Protects Renters with Pets Under Ontario’s Residential Tenancies…
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Here’s how long you need to save to afford a home in Ontario
As home prices continue to soar across Ontario, the prospect of homeownership becomes increasingly elusive for young renters. Despite a strong desire to own a home, many face daunting timelines—spanning years or even decades—before they can save enough for a down payment. A new study by real estate marketplace Point2Homes highlights this challenge, revealing that…
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Canadian government announces boldest mortgage reforms in decades and here is everything you need to know
The Department of Finance Canada has rolled out some big changes to mortgage rules, aiming to make it easier for Canadians, especially Millennials and Gen Z, to buy their first home. Starting August 1, 2024, new mortgage regulations now allow 30-year insured mortgage amortizations for first-time buyers purchasing new builds. Key Mortgage Reforms You Should…
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Ontario Listings of the Week- Friday, July 26, 2024
Welcome to our weekly roundup of Ontario’s top listings! Every week, we feature the best properties across the province, from cozy condos in the city to multi-million dollar mansions with the backyard of your dreams. See below to discover your future home or browse to stay on top of the current market. Here are the…
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Bank of Canada’s Rate Cut: Limited Impact on Real Estate Market
On July 24, 2024, the Bank of Canada lowered its key interest rate by a quarter percentage point to 4.5%. While this move is intended to combat inflation and stimulate economic growth, experts suggest that its immediate impact on the real estate market will be limited. Modest Rate Cut and Market Expectations John Lusink, President…
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Here’s what you can get for $500k in Ontario vs Texas
When it comes to real estate, $500,000 can buy you very different homes depending on where you’re looking. In this guide, we’re comparing what you can get for that budget in Canada and Texas. From a town house in Oshawa to a 3000sqft home with a pool in Houston, we’ll show you how much your…
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Ontario Listings of the Week- Friday, July 19, 2024
Welcome to our weekly roundup of Ontario’s top listings! Every week, we feature the best properties across the province, from stylish Toronto condos to mind blowing mansions with their own aiplane runway and tennis court. Whether you’re searching for your dream home or just love keeping up with real estate trends, our Top Listings of…
Canada Housing Market 