Q1 2023 GTA saw a 4% increase in condo rentals, but tight market conditions resulted in a significant YoY rent increase – 15.1% for one-bedroom and 9.2% for two-bedroom units.
The Greater Toronto Area’s housing market continued to tighten in April 2023, with fewer listings leading to more competition between buyers and supporting an improvement in selling prices.
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Looking to maintain a positive relationship with your landlord or tenant? Check out our tips and tricks for tenants, including paying rent on time and keeping the rental unit clean, and for landlords, including keeping the property in good condition and communicating effectively. By following these guidelines, you can make your rental experience a pleasant one.
TRREB reports tighter market conditions and increased competition among buyers in the Greater Toronto Area (GTA), leading to higher average sale prices in March 2023.
The Bank of Canada’s decision not to raise interest rates diverges from the US Federal Reserve’s continuous hikes. This may impact the rental market and ease rent prices, but supply shortages will still prevail. Rising interest rates in the US, compared to shorter-term mortgages in Canada, may impact the Canadian economy and inflation, leading to a weaker Canadian dollar.
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Toronto’s February 2023 sales report shows a 47% decline in sales but stable prices. Increased buying intentions and a new housing initiative may support future growth.
Toronto’s real estate market has been on a wild ride in recent years, with the COVID-19 pandemic causing a slowdown in sales and fluctuation in prices. However, despite the challenges, the market has remained relatively resilient.
Canada needs to build more homes to keep up with immigration, incentivize municipalities to build within cities, and invest in affordable and social housing to avoid pricing Canadians out.
Are you trying to decide between buying or renting a home? This blog post dives into some key factors to consider, such as your financial situation, long-term plans, and the housing market in your area.
Lower interest rates in 2023 bring hope for homebuyers, while sellers may benefit from market insights to achieve the best outcome. Real estate is complex and subject to economic factors.
Opel has been the most helpful person I have ever worked with in the several years I have lived in Toronto! She helped me find the condo of my dreams in the middle of a pandemic with one week to spare, which seemed impossible, but anything is possible when you leave it to Opel. I… Read More
Dear Opel, Adrian and I love our first home! We cannot thank you enough for your hard work and dedication to help us turn our dream of being home owners into reality. You were always organized, punctual and prepared with hand sanitizer! When it came time to close the deal, you acted quickly and advocated… Read More
I first met Opel in 2017 and she help me out finding my first place. I had many questions and she was always on top with answering everything quickly and very detailed about everything. She was super helpful and listened to what I wanted and needed. This is my second time asking Opel to help… Read More