Market update week ending June 28th

08 July 2024
Eileen Wylie

Toronto just voted to make it way harder for landlords to kick out tenants. Toronto councillors have just voted in favour of a new motion intended to further protect tenants in the city, particularly from dreaded "renovictions."


Market update week ending June 21st

26 June 2024
Eileen Wylie

More than a quarter of renters in Canada plan to purchase a home within the next two years.


Maarket update week ending June 14th

17 June 2024
Eileen Wylie

Decades after creating a 10-day cooling-off period for purchasers to reconsider a new-build condominium contract, the Ontario government has extended the same right to purchasers of detached and freehold newly constructed new homes.


Market update week ending June 7th

12 June 2024
Eileen Wylie

May home sales continued at low levels, especially in comparison to last spring’s market activity. Home buyers are still waiting for relief on the mortgage rate front which they got this week when the Bank of Canada dropped interest rates 25 basis points to 4.75%. Existing homeowners are anticipating an uptick in demand, as evidenced by a year-over-year increase in new listings. With more choice compared to a year ago, buyers benefitted from more negotiating room on prices.


Market update week ending May 31st

03 June 2024
Eileen Wylie

Toronto City Council approves townhomes and small six-storey residential units along major roads.