by newhomesinbrooklinwhitby | Dec 23, 2024 | Uncategorized
Toronto’s condo market has seen significant growth since the 1980s, with over 500 towers expected by 2030. Condo prices in Toronto average C$707,917 (US$509,215) in 2024, making it Canada’s second-most expensive market.
by newhomesinbrooklinwhitby | Dec 21, 2024 | Uncategorized
Lower Variable Rates: Mortgage rates ↓ 0.5%, with broker rates around 4.3%, slightly easing monthly payments. Affordability Boost: Buyers gain ~$30,000 in purchasing power, improving access to homes.
by newhomesinbrooklinwhitby | Dec 20, 2024 | Uncategorized
Brampton has paused new rental overcrowding bylaws due to concerns over complex enforcement and potential negative impacts on large families. Proposed changes included room size limits based on occupancy, but staff warned that investigations could be challenging...
by newhomesinbrooklinwhitby | Dec 20, 2024 | Uncategorized
The prime rate in Canada, as of December 11, 2024, is 5.45%, following a reduction after the Bank of Canada cut its overnight rate to 3.25%. The prime rate, influenced by the Bank's policy interest rate, affects variable interest rates on loans, including...
by newhomesinbrooklinwhitby | Dec 19, 2024 | Uncategorized
GTA home sales surged 40.1% in November 2024, signaling a housing market recovery. New listings rose 6.6% annually, but slower growth led to tighter market conditions and price increases.
