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Market update week ending May 19th

19 May 2023
Eileen Wylie

The real estate price correction appears to be over in Canada after a yearlong slump that saw prices drop by almost 18% in Toronto, according to a new report from RBC.

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Market update week ending May 12th

18 May 2023
Eileen Wylie

Toronto city council approves up to four-unit multiplexes in all neighbourhoods Multiplexes can now be built in all neighbourhoods, meaning duplexes, triplexes and fourplexes can be built, without special permissions, in all neighbourhoods from Rosedale to Westmount that are currently dominated by detached and semi-detached houses across Toronto after approval from the city council Wednesday, a move intended to increase low-rise housing options in existing communities.

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Market update week ending May 5th

08 May 2023
Eileen Wylie

Competition Is Heating Up in the GTA Real Estate Market as Prices Pick Back Up With the spring market in full swing, competition for real estate in the Greater Toronto Area (GTA) is heating up as a consistently low number of listings leaves would-be buyers with few options.

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Market update week ending April 28th

02 May 2023
Eileen Wylie

Toronto Edges One Step Closer to City-Wide Multiplex Legalization As Toronto’s population continues to expand, new allowances pertaining to multiplexes have moved one step closer to realization.

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Market update week ending April 21st

02 May 2023
Eileen Wylie

The housing market could be gathering steam again – but a notable feature of recent weeks has been a lack of new listings becoming available. This lack of inventory is the main underlying storyline in the Greater Toronto Area (GTA) real estate market. Coming out of the winter months, and with an anticipated increase in demand, and competition among buyers, market watchers project renewed price growth.

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