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Rental demand exceeded supply in Toronto in 2023, causing high rent prices. However, there is hope for lower prices this year due to dropping interest rates and new construction projects. Toronto saw a decrease in rent prices for one-bedroom and two-bedroom units. Other cities also experienced changes in rent prices. Continue to full article

TRREB forecasts a rebound in GTA housing market in 2024, with sales expected to ↑ and supply-demand conditions to tighten.Sales projected to reach 77K by year-end, with avg selling price expected to ↑ ~4% to $1.17M.

Two approaches for sellers wanting tenants to move out during the sale process: N12 notice or negotiating an N11 agreement.Seller's Perspective on N12 Process: – Property may sell with tenant, but at a lower price – Buyers may request compensation if tenants resist vacating

The report presents new Ipsos consumer polling results on 2024 home buying and selling intentions in the GTA. It also includes TRREB's outlook on home sales, new listings, average price, and underlying drivers such as interest rates, population growth, and the labor market. The report highlights the expected increase in home sales and the need…

Nowruz is a 3,000-year-old festival, making it one of the oldest in the world. Haft-Sin is a Nowruz table, featuring 7 symbolic items, all beginning with "sin" and representing different aspects of life. Nowruz celebrated by over 300M worldwide, including Iran, Afghanistan, Tajikistan, Uzbekistan, Azerbaijan, and many more. Nowruz is a time for forgiveness and…

Sales: 975, ↑ 45% yearly Prices: $722K, unchanged yearly

In 2023, Toronto's rental demand surpassed supply, impacting lower-income renters. However, falling interest rates and new construction projects in 2024 may offer some relief. Despite anticipated price growth, rents for one and two-bedroom properties have decreased in Toronto, Vancouver, and Burnaby. The national one-bedroom rent price growth has also slowed for the fifth month in…

Detached: $1.44M, ↑ 0.2% yearlySemi-detached: $1.12M, ↑ 5% yearly

Persisting high interest rates stagnate market activity. Cumbersome approval procedures delay construction projects.

You can find affordable homes in Mississauga, Halton Hills, Pickering, Milton, and Aurora, all within driving distance of Toronto. These cities offer various amenities and recreational options. The average home prices range from $902,000 to $1 million. Continue to full article