Slow sales, hard scrabble in Toronto real estate

Slow sales, hard scrabble in Toronto real estate

The Toronto Regional Real Estate Board tallied 75,140 sales through its Multiple Listing Service for all of 2022, 38.2 per cent below the 121,639 transactions seen in 2021.Mitch Fain/Mitch Fain The real estate market in Toronto, Ottawa and many Ontario cities is off to a slow start in January with thin inventory, jittery buyers and … Read more

Market downturn adds to divorcing couples’ woes

Market downturn adds to divorcing couples’ woes

Alyssa Bach, left, an associate with Toronto-based Shulman & Partners LLP, says timing the sale of a home and setting an asking price are just two of the thorny issues divorcing couples will need to navigate.Shulman & Partners LLP Couples grappling with the fraught decisions that come with separation and divorce are feeling an added … Read more

Toronto Homes Prices Are Expected To Drop In 2023 & Here’s How Much It’ll Cost You

Toronto Homes Prices Are Expected To Drop In 2023 & Here’s How Much It’ll Cost You

Despite this year’s downward trend, first-time buyers hoping to invest in a Toronto home within the next decade remain out of luck because it’s still expensive AF. At least, that’s what the latest pricing forecast by Royal LePage suggests. According to the real estate company, the average housing price across various units (condos, single-detached, detached … Read more

6 Things I Learned Sharing A Bachelor Apartment With A Friend In Toronto

6 Things I Learned Sharing A Bachelor Apartment With A Friend In Toronto

The opinions expressed in this article are the author’s own and do not necessarily reflect the views of Narcity Media. I had just turned 20 years old when I first began calling Toronto my home, although given where I was living at the time, “dwelled” probably would’ve been a better word. In the summer of … Read more

How east-end Toronto home prices changed by neighbourhood in November 2022

How east-end Toronto home prices changed by neighbourhood in November 2022

Here’s how east-end Toronto’s housing market performed in November 2022 compared to October 2022 and November 2021, according to the latest data from Toronto Regional Real Estate Board: Beaches and Danforth southeast home prices averaged $1.41 million, up 3.2 per cent monthly and up 4 per cent annually. East York home prices averaged $1.13 million, … Read more

GTA Rent Prices Went Down In Some Areas Again & Homes Are Getting Cheaper Too

GTA Rent Prices Went Down In Some Areas Again & Homes Are Getting Cheaper Too

December marks the second consecutive month that Toronto rent prices have dropped, and renters aren’t the only ones in the city in for good news ahead of the holidays. Those looking to buy a home will also see a slight decrease in the city’s market this month as real estate trends continue to point downwards. … Read more

Real estate industry braces for foreign buyer ban

Real estate industry braces for foreign buyer ban

Ottawa’s two-year foreign buyer ban applies to corporations and individuals who are not citizens or permanent residents of Canada and includes direct and indirect purchases of homes in the country.Graeme Roy/The Canadian Press With financial markets roiling and house prices tumbling, investors in countries around the globe appear to have a diminished zeal for buying … Read more

A Toronto Condo Once Owned By A Hoarder Is Up For Sale & The Before Pictures Are So Stressful

A Toronto Condo Once Owned By A Hoarder Is Up For Sale & The Before Pictures Are So Stressful

What happens when a luxurious Toronto condo is abandoned by its previous owner, who would be a great candidate for Hoarders? A very satisfying clean-up. According to Strata, a Toronto-based real estate brokerage, the Bisha Hotel asked its realtors to help restore one of its units, which had been turned into someone’s garbage bin, to … Read more

Ontario Line: New documents suggest that price tag of new subway line has nearly doubled

Ontario Line: New documents suggest that price tag of new subway line has nearly doubled

The cost of building the Ontario Line has nearly doubled from initial estimates and could end up coming in at more than $1 billion per kilometre. When the Ford government first unveiled plans for the 15.6-kilometre relief subway line in 2019, it pegged the cost at $10.9 billion and said that it would be completed … Read more

Toronto police investigating robbery on GO train

Toronto police investigating robbery on GO train

Toronto police are searching for a man wanted in an armed robbery on a GO train. Investigators say a male suspect boarded a GO train, cart 2705, at Eglinton Station bound for Union Station on Nov. 18, shortly after 11:15 p.m. The suspect allegedly sat beside a male passenger and demanded his cellphone. He also … Read more