The Real Estate Magazine
Discover. Dream. Indulge.
Step into the world of real estate with unparalleled insights into the international and Toronto markets. Experience cutting-edge design, explore lifestyle trends, and immerse yourself in a curated collection of stories that inspire, inform, and elevate your property passions. Welcome to The Real Estate Magazine – where every detail is crafted to perfection.
Market Report | November 2024
Discover the latest insights on the Greater Toronto Area (GTA) housing market in our November 2024 Market Watch report. Learn about the significant surge in home sales, price trends, and market conditions. Get expert analysis from TRREB leadership and stay informed about the proposed rate cut for December, including the odds of a 25 bps or 50 bps cut. Stay ahead of the market trends and prepare for a promising 2025 with our comprehensive report.
Toronto Vacant Home Tax: What You Need to Know About Filing Your Declaration
Discover everything you need to know about Toronto’s Vacant Home Tax, including the 2025 declaration deadline and essential filing details to avoid penalties. This comprehensive guide explains who must declare, how to file, and the increased 3% tax rate for vacant properties, empowering homeowners to stay compliant and contribute to housing availability. Learn about key deadlines, exemptions, and resources to simplify the process. Stay informed and ensure your property is properly declared. Read now to protect your investment and stay ahead in Toronto’s real estate market.
The Rise of Multi-Generational Living in Toronto: What It Means for Homebuyers and Investors
As Toronto real estate prices continue to soar, a significant trend has emerged: multi-generational living. Families are coming together under one roof to share resources, split expenses, and provide mutual support. This trend is particularly strong in Toronto, where the cost of homeownership and the demand for housing have led families to rethink traditional living arrangements.
Market Report | October 2024
The October 2024 Greater Toronto Area (GTA) real estate market showed strong year-over-year growth, driven by a surge in home sales and increased buyer activity due to the Bank of Canada’s interest rate cuts. With GTA REALTORS® reporting a 44.4% rise in sales compared to October 2023 and a slight uptick in average home prices, market conditions have tightened, creating a more competitive landscape. New listings increased modestly, providing choices for buyers but keeping price growth moderate. Explore how improved affordability, economic trends, and policy measures are shaping the GTA housing and condominium markets.
Market Report | September 2024
Greater Toronto Area (GTA) home sales surged in September 2024, marking an 8.5% increase from the previous year as buyers capitalized on favorable market conditions. The Toronto Regional Real Estate Board (TRREB) reports changes in mortgage lending guidelines and lower borrowing costs have sparked renewed interest in homeownership, especially among first-time buyers. With new listings up 10.5%, buyers now have more negotiating power, resulting in moderate price adjustments. Discover key insights into the GTA’s evolving real estate market, including economic indicators, interest rates, and market recovery trends.
Federal Government Mortgage Reform Announcement
The Toronto Regional Real Estate Board (TRREB) welcomes the changes to mortgage rules announced by Deputy Prime Minister and Minister of Finance Chrystia Freeland.
Market Report | August 2024
TORONTO, ONTARIO, September 5, 2024 – Greater Toronto Area (GTA) home sales were down on a year-over-year basis in August 2024. New listings were up slightly over the same period.
How to Successfully Downsize in Toronto: Tips to Manage the Transition
As you approach a stage where your home feels too spacious with fewer family members around, downsizing could be the ideal solution.
Market Report | July 2024
July 4, 2024 – June 2024 home sales in the Greater Toronto Area (GTA) were lower compared to the same month last year, according to the Toronto Regional Real Estate Board (TRREB).
What Makes Toronto One of the World’s Most Liveable Cities?
More than two million people call Toronto home, making it Canada’s largest city and one of North America’s biggest in terms of population. But what makes it one of the world’s most liveable cities? In fact, it placed fourth in both 2010 and 2015 in the Economist Intelligence Unit’s annual liveable cities list.
Property of the Month: The Centerpiece Estate of Lunenburg, Nova Scotia
Nestled in the serene heart of Lunenburg, 440 Corkums Island Road presents a rare blend of architectural beauty and natural splendor. A grand, gated entrance marks the entry to this exclusive property, ensuring both security and a sense of serene isolation.
Market Report | June 2024
Discover the latest insights on the June 2024 home sales in the Greater Toronto Area (GTA) with our comprehensive blog post. According to the Toronto Regional Real Estate Board (TRREB), home sales dipped by 16.4% compared to June 2023, despite a Bank of Canada rate cut.
Market Report | May 2024
Discover the latest insights from the Toronto real estate market in May 2024. This comprehensive market analysis reveals key trends, including a significant decline in home sales, increased new listings, and shifting price dynamics. Learn how potential mortgage rate reductions over the next 18 months could spur market activity, particularly among first-time buyers. Understand the crucial role of government coordination in addressing housing deficits and the importance of timely infrastructure projects like the Eglinton Crosstown LRT. Stay informed with our in-depth report on Toronto's evolving real estate landscape.
Unlock the Door to Modern Elegance: 951B Greenwood Ave Awaits
Discover 951B Greenwood Ave, a stunning custom-built home in Danforth Village, East York. This modern masterpiece features 3 bedrooms, 3 bathrooms, and luxury finishes throughout. Highlights include floor-to-ceiling windows, a chef’s kitchen with Miele appliances, spa-like bathrooms, and meticulous design details. Nestled in a vibrant neighbourhood with excellent transit access, top schools, and a short commute to downtown Toronto. Experience the perfect blend of contemporary sophistication and timeless elegance. Dive into the unique charm of this architectural wonder. Your dream home awaits at 951B Greenwood Ave.
April 2024 Market Report
April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant there was increased choice for home buyers and little movement in the average selling price compared to last year.
Discover Toronto's Rich Heritage: Doors Open Toronto 2024
Every spring, Toronto welcomes visitors to explore its rich history, stunning architecture, and vibrant culture through Doors Open Toronto. This annual event offers free access to over 150 significant buildings, historical sites, and hidden gems across the city.
Market Report | March 2024
March 2024 home sales reported through TRREB’s MLS® System were lower than the March 2023 result, due in part to the statutory holiday Good Friday falling in March this year versus April last year. Despite a better-supplied market compared to last year, there was enough competition between buyers to see a moderate increase in the average March home price compared to last year’s level.
Toronto Real Estate Market Report | February 2024
Explore the latest trends in the Greater Toronto Area (GTA) real estate market with our comprehensive analysis of the February 2024 real estate market. Discover how population growth, a resilient economy, and changing interest rate expectations are shaping home sales, prices, and new listings. Learn how buyers are adapting to elevated mortgage rates and how the market is responding to increased demand for housing. Stay informed about the impact of unaffordable housing on mental health an the initiatives to promote homeownership in the GTA. This article provides valuable insights for investors, homebuyers, and real estate professionals looking to navigate the dynamic Toronto housing market.
It’s that time of year again - Toronto’s vacant home tax - revisited
Toronto's evolving real estate landscape has introduced a significant policy: the Vacant Home Tax (VHT) in 2022. Aimed at addressing housing affordability and availability, this tax impacts property owners in the city who might have vacant residential properties. Here, we outline the key aspects of the VHT, its exemptions, and compliance requirements, to assist homeowners and investors in navigating this new terrain.
Market Report | December 2023
In 2023, the Greater Toronto Area (GTA) real estate market navigated through a phase of recalibration, influenced by a blend of high borrowing costs and stringent mortgage regulations. Despite a buoyant demand driven by record immigration, the market's tilt was more towards rentals than home ownership. As we usher in 2024, early indicators suggest a potential resurgence in home sales, contingent on anticipated easing of borrowing costs and a resilient economy.