Tag: toronto condos
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Ontario Condos Are One-Third Smaller Than They Used To Be – But Cost Way More

Ontario condos have gone through a major transformation over the past four decades, and not in a way most buyers would expect. New data shows that condo units across the province have shrunk roughly one-third in size since the 1970s, even as prices have climbed to record levels. The trend, often called “shrink-flation,” has become a defining feature of…
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Here’s What $1,000,000 Gets You in Toronto

When it comes to real estate, first impressions can be deceiving. Despite its unassuming exterior, the charming two-bedroom, two-bathroom bungalow at 226 Woodmount Ave. in Old East York offers a pleasant surprise. Step inside, and you’ll discover a bright, inviting home filled with modern updates and cozy spaces, making it a hidden gem in the…
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You need to make $214k/ year to afford an average home in Toronto according to a new study

Achieving home ownership remains a significant milestone for many individuals, yet the reality of purchasing a home in Canada is becoming increasingly difficult due to rising prices, particularly in metropolitan areas such as Toronto. A study by Ratehub.ca offers insights into the required income for home ownership in various Canadian cities as of February 2024,…
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Toronto is now the 2nd most expensive city to rent in Canada

Toronto has recently risen to become the second most expensive city for renters in Canada, trailing only behind Vancouver. Despite slight decreases in the average rental prices for one- and two-bedroom apartments in Toronto compared to the previous month and year, the city has managed to surpass Burnaby, B.C., in terms of rental costs, amidst…
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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…
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$350/month rent gets you a single bed in the middle of a kitchen in Brampton

Rent prices in and around Toronto and the GTA have experienced some fluctuations in recent months. While affordability for residents may not have significantly improved, there have been some unique options popping up to save money. A recent listing in Brampton has been gaining attention, offering a room at the modest price of $350. This…



