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Torontoβs Average Home Price To Be Around $2 Million By 2034
Toronto's real estate market is escalating, with a recent report forecasting the average home price hitting $2 million by 2034, driven by a 5.6% annual increase. Factors like supply-demand imbalances and economic conditions contribute to this surge, posing challenges for young homebuyers in a competitive market.
Markham Restaurants Shine on OpenTable's Top 100 Outdoor Dining List
Markham's il Postino and Beertown Public House shine on OpenTable's Top 100 Restaurants for Outdoor Dining in Canada. Experience delightful food and picturesque settings in these standout dining spots in Markham and across Canada.
More Millenials Want Houses & Pets than Weddings & Kids
More Millenials are choosing purchasing a home and having a pet rather than the traditional marriage and kids route. What does this mean for them?
Canada Must Build 1.3 Million Homes by 2030 to Bridge Housing Gap
Canada is facing a significant housing shortage, with a recent report from the Parliamentary Budget Officer (PBO) indicating the need for an additional 1.3 million homes by 2030 to meet demand.
Toronto's Chinatown Set For Major Transformation
Toronto's Chinatown is undergoing a major transformation with renovations at 283 Spadina Avenue. The project aims to celebrate cultural heritage through distinctive red, modernized Chinatown signage. Click to read more!
Government Proposes βRenterβs Bill of Rightsβ to Aid Young Canadians In Homeownership
Explore the government's proposal on the Renter's Bill of Rights. Designed to aid young renters in securing affordable housing, it promises many benefits including rental price history, aiming to tackle Canada's housing crisis.
Ontario Cottage Listings To Rise Before Capital Gains Tax Change
Recent changes to Canadaβs capital gains tax have stirred concern among cottage owners, particularly in sought-after areas like Muskoka. The decision to increase the inclusion rate could have significant implications for the real estate market, impacting many investors and owners. Click for more!
Bank of Canada Cuts Interest Rate to 4.75% Amid Economic Changes
The Bank of Canada has cut its target for the overnight rate to 4.75%, aiming to stabilize the economy and manage the balance sheet. This is the Bankβs first rate cut since March 2020, and it signals some exciting changes ahead for the real estate market. But what does this mean for you? Click to read more!
$1.9M Luxury Penthouse In Markham Sells Way Below Under Listed Price
Is luxury living losing its allure? A Markham penthouse, featuring stunning views and lavish amenities, sells for $280,000 below its $2 million listing price. As the GTA real estate market evolves, demand and changing buyer preferences may have contributed to this unexpected price drop.
Canada's Inflation Rate Falls to 3-Year Low of 2.7%
In April 2024, Canada's annual inflation rate dropped to 2.7%, marking its lowest point in three years. Core inflation measures also continued to decline, raising the possibility of the Bank of Canada cutting interest rates in June. Click to read more!