The Real Estate Magazine
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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.
Luxury Living at The Residences of the Ritz-Carlton Toronto
When it comes to Toronto real estate, few properties epitomize luxury and sophistication like The Residences of the Ritz-Carlton. Located at 183 Wellington Street West, this iconic building blends world-class amenities with an unrivaled living experience. Whether you’re looking for a full-time residence or a place to call home during your visits to the city, the Ritz-Carlton Residences offer a living standard that stands out in the Toronto skyline.
Maximizing Your Home’s Value with Simple Upgrades Before Listing
When it comes to selling your home, the key to maximizing value without draining your wallet lies in simple, effective upgrades. Potential buyers make quick judgments based on first impressions, which can often be swayed with just a few strategic enhancements.
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.
What to Expect When Submitting an Offer
The terms of the offer you submit on your dream home can make all the difference in today’s high-stakes real estate market. To help you understand the process of submitting an offer, we’ve broken down the most important steps. It’s a good idea to meet with a lender to get pre-approved for a mortgage before submitting an offer. A pre-approval will allow you to lock in an interest rate for up to 130 days and demonstrate to the home seller that you are a reliable potential buyer.
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.
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.
What to Expect When Buying Pre-Construction Condos
Buying a newly built home, otherwise referred to as pre-construction, is an exciting option for those looking for a home with modern amenities and customizable features. However, the process can involve more uncertainty than you’d face buying something already built.
Serene Ravine: Casa Loma’s Private Luxury Residence
Nestled within the prestigious neighbourhoods of Forest Hill and Casa Loma lies 379 Walmer Road, a residence that seamlessly blends the sophistication of modern design with the unspoiled beauty of nature.
Discover Paradise: TOP 5 Vacation Spots Around the World and One Hidden Gem
Embarking on a journey to explore the world's most enchanting vacation spots is a dream many share. Whether you seek pristine beaches, vibrant cultures, or breathtaking landscapes, our list of five favorite vacation spots, along with a bonus hidden gem, promises a diverse and unforgettable experience. Let's dive into the unique features that make each destination stand out.
5 Simple Upgrades to Increase Your Condo’s Market Value
The surrounding city lights, fine dining on your doorstep, and a short commute to the Toronto financial district—condominium living is chock-full of conveniences. But when it comes time to refresh your space or put it on the market, it can be a challenge to know where to focus your efforts. For those looking for a return on investment, these condo upgrades are worth the effort.