GTA REALTORS® Release December and Year-End 2023 Stats

Friday Jan 12th, 2024

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GTA REALTORS® Release December and Year-End 2023 Stats

While the overall demand for housing remained buoyed by record immigration in 2023, more of this demand was pointed at the rental market. The number of Greater Toronto Area (GTA) home sales in 2023 came in at less than 70,000 due to affordability issues brought about by high mortgage rates. “High borrowing costs coupled with unrealistic federal mortgage qualification standards resulted in an unaffordable home ownership market for many households in 2023. With that said, relief seems to... [read more]

A Look at the Toronto Condo Market

Tuesday Jan 2nd, 2024

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A Look at the Toronto Condo Market

Blog.Remax.ca wraps up the Toronto condo market for 2023... Has the weight of higher interest rates impacted the Toronto condo market? Anyone who has taken a stroll in the city will observe cranes at nearly every major intersection, whether in midtown or near the lake. While construction activity looks healthy, demand has been less active, and price growth has not been stellar compared to the wider Toronto real estate market. So, what is happening as of late in the major urban... [read more]

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