As employees and employers negotiate new possibilities for remote and hybrid work as the COVID-19 pandemic evolves, a newly released generational trends report by Mustel Group and Sotheby’s International Realty Canada highlights new insights revealing that future housing demand will be underpinned by an expectation for a return to the workplace and office, as well as a balanced preference for urban and suburban living amongst Generation Z home buyers.

As part of its commitment to tackle Ontario’s housing crisis by prioritizing Ontario families and homebuyers, the government is increasing the Non-Resident Speculation Tax rate to 20 per cent, closing loopholes to fight tax avoidance and expanding the tax to apply provincewide effective March 30, 2022.

Luxury is an experience, not a price point. We strive to uphold exceptional standards in every aspect of our services and take great pride in our national team of professional and specialized agents. Whether you’re planning on buying or selling a home, our commitment at Sotheby’s International Realty Canada remains the same: we deliver exemplary marketing and service to every client, regardless of a home’s neighbourhood or price range. f you’re considering buying or selling a home, here are at least 10 advantages of working with us.

The country’s major metropolitan luxury real estate markets broke consecutive records throughout 2021 as Canadians’ urgent, pandemic-influenced demand for housing mobility and strengthening confidence in the country’s economic recovery drove price gains, eroded inventory and propelled markets to historic highs.

Home sales reached a new record for the month of November and the average selling price also reached a new all-time high. New listings were down substantially compared to last year for all market segments – further highlighting the inherent supply issue across all home types in the Greater Toronto Area (GTA).

GTA REALTORS® reported 9,017 home sales through TRREB's MLS® System in November 2021 – 3.3 per cent above the November 2020 result, setting a new record. In contrast, new listings were down by 13.2 per cent year-over-year, with double-digit declines for low-rise home types, and condominium apartments.

Home sales in the Greater Toronto Area (GTA) reached the second-highest level on record for the month of October. However, the inventory of homes for sale did not keep up with demand. The number of new listings was down by approximately one-third compared to October 2020. Market conditions tightened across all major home types compared to last year, and the annual rate of average price growth remained in the double digits, including for the resurgent condominium apartment segment.

September marked the transition from the slower summer market to the busier fall market in the in the Greater Toronto Area (GTA). Every year, we generally see an uptick in sales, average selling price and listings after Labour Day, and September 2021 was no different. Sales increased relative to August and were also at the third-highest mark on record for the month of September. The average selling price was up both month-over-month and year-over-year.

A smaller outdoor space doesn’t mean sacrificing when it comes to relaxing. With a few strategic choices, you can create something truly special out of even the smallest yard or deck. Follow these design and décor recommendations to maximize the potential of your home’s outdoor space.

With almost 9,400 sales reported in July 2021, demand for ownership housing remained well-above average for the time of year despite being below the record July result set a year earlier. Market conditions actually tightened relative to July 2020, with sales accounting for a greater share of new listings compared to last year. The sellers’ market conditions sustained a double-digit annual rate of price growth.

Residential transactions reported through TRREB’s MLS® System remained high in May 2021, but fell short of the 2016 record and were below this year’s March peak. Despite a slight ebb in sales over the last two months, market conditions remained tight enough to push the average selling price to an all-time record in May.

Greater Toronto Area REALTORS® reported 11,951 sales in May 2021 – more than double the result from May 2020, the second full month of the pandemic. May 2021 sales were below the May 2016 record of 12,789 but remained well above the average May sales of 10,336 for the 2010 through 2019 period. Often, May is the strongest sales month in any given year; however, 2021 results bucked this trend, with May sales below the 15,646 deals reported in March.

The past year has called for adaptation, and we’ve seen the ripple effects in how and where we do our fitness routines. The home gym or workout area is now just as ubiquitous as the home office, and for good reason.

The ability to cater your workout space to your own fitness needs—whether your practice includes yoga, online bootcamps, or elliptical training—allows for a better work-life balance, leading to more flexibility in your day. These five properties offer an inspiring glimpse into how different fitness activities can take place right at home.

For the third straight month of 2021, record home sales continued in March across the Greater Toronto Area (GTA) with buyers taking advantage of favourable borrowing costs and continued improvement in many sectors of the economy.

Canada’s metropolitan luxury real estate markets are undergoing an unprecedented phase of evolution and expansion, according to Sotheby’s International Realty Canada. One year following the inception of the COVID-19 pandemic, the compounding effects of dramatic changes in the housing preferences of affluent Canadians, new demands across multiple generations of homeowners and buyers, significant cash accumulation, easy access to borrowing, and pent-up local and international demand, are rippling across the market. With sales activity and price gains accelerating across major cities across the country as a result, strong performance is projected this spring.

Record home sales in the Greater Toronto Area (GTA) continued in February as buyers remained confident in their employment situations and took advantage of ultra-low borrowing costs. With multiple buyers continuing to compete for many available listings, double-digit annual price growth was the norm throughout the GTA, with stronger rates of growth in the suburbs surrounding the City of Toronto.

Forest Hill Private Residences is located at 2 Forest Hill Road in the beloved midtown Toronto neighbourhood of Forest Hill. This limited collection of private residences range in size from 961 square-feet to 2,400+ square-feet and are complemented with 10-foot ceiling heights and over 6,500 square-feet of indoor and outdoor amenities.

Waking up on the wrong side of the bed is practically impossible in these luxurious suites, where windows present stunning city skylines, rosy sunsets, and the sea.

A piece of art. A colour palette. A potted succulent. For Valerie Stafford, Partner and a Lead Designer at Rumor Designs, the smallest detail can be the thread that weaves together her whole vision and concept for a room. Her practice is focused on the quality of the materials in a space, from surface finishes and wall colours to lighting and fabrics.

Despite an unprecedented year due to COVID-19, including necessary public health restrictions and uncertainty surrounding the economy, Greater Toronto Area REALTORS® reported over 95,000 home sales in 2020 – the third-best result on record. The average selling price reached a new record of almost $930,000.

“The Greater Toronto Area housing market followed an unfamiliar path in 2020. Following the steep COVID-induced drop-off in demand during the spring, home sales roared back to record levels throughout the summer and fall. A strong economic rebound in many sectors of the economy, ultra-low borrowing costs and the enhanced use of technology for virtual open houses and showings fuelled and sustained the housing market recovery,” said Lisa Patel, Toronto Regional Real Estate Board (TRREB) President.

With the proliferation of home rental sites like Airbnb and VRBO, it’s never been easier to rent your house for the additional revenue and flexibility afforded by letting a space on a short- or long-term basis. Homeowners in peak markets make an average of $20,000 a year by renting out their homes—and that’s just through Airbnb.

What makes a house truly feel like a home? Aside from the events that take place between its walls, much of a home’s personality is found in the materials, textures, and accents that bring it together. While it can be time-consuming to keep up with the latest design trends—especially the perennials that come in and out with the seasons—incorporating the latest high-end materials into your home is an easy way to give a space an instant, luxurious update. From cozy fabrics to rich metals, here are seven futuristic materials to freshen any room.