Blog - Eileen Wylie

Market update week ending October 20th

20 October 2023

Eileen Wylie

Does it Feel Like Toronto Has Way More Cranes Than It Used To? That's Because They've Doubled. Toronto once again has, by far, the most cranes out of any city in North America, according to a new report. Whether you're for it or against it, every Torontonian can agree it feels like there's now a new towering development going up on every block. As it turns out, that sense of increased high-rise development is entirely justified, as Toronto has now doubled its number of cranes compared to before the pandemic.

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Market update week ending October 13th

13 October 2023

Eileen Wylie

Toronto city council hikes vacant home tax to 3% to boost housing supply. Owners of housing units that are sitting empty will soon have to pay more, with Toronto city council voting Wednesday to hike the vacant home tax from one to three per cent of a property’s assessed value.

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Market update week ending October 6th

10 October 2023

Eileen Wylie

The impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions, and slower economic growth continued to weigh on Greater Toronto Area (GTA) home sales in September. However, despite the market being better-supplied with listings, the average selling price was up year-over-year.

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