Canada's Federal Budget 2024: What You Need to Know in Regards to Real Estate The government of Canada has released the Federal Budget 2024, which has a focus on Fairness for Every Generation, as a budget that “takes bold action to help build more homes…and will grow the economy in a way that’s shared by all Canadians.” Following a series of housing announcements in recent weeks,...
Important Changes to Capital Gains Taxes: What You Need to Know Capital gains tax is a crucial aspect of financial planning, particularly in the Canadian real estate sector. With the recent changes introduced in Canada's 2024 federal budget, it’s more important than ever to understand how these updates could affect your investments. Whether you’re a seasoned investor or just getting started, this...
Toronto Real Estate Board Releases 2024 Q1 Condo Market Statistics Source: Toronto Real Estate Board (TRREB): Condo Prices Remain Flat in Q1 2024TORONTO, ONTARIO, April 30, 2024 – The Greater Toronto Area (GTA) condominiumapartment sales increased moderately in the first quarter of 2024 relative to the first threemonths of 2023. However, over the same period the number of condo apartment...
The number of condominium apartment lease transactions reported through the Toronto Regional Real Estate Board’s (TRREB) MLS® System for rental market stats was up strongly year-over-year in the first quarter of 2024. Over the same period, the number of units listed for rent was up by an even greater annual rate. This resulted in more choices for renters and a flatlining average rent prices compared...
Toronto (TRREB) Releases 2023 Q3 Condo Market Statistics The condominium apartment market has become much more balanced over the past year. While Q3 2023 condo apartment sales were up year-over-year, growth in listings far outstripped growth in sales. The result was the average price edging lower providing some relief in the face of higher borrowing costs. There were 4,415 condominium apartment...
Last month, Canadian home prices encountered a setback due to increased interest rates, marking the first decline in five months according to the latest Teranet-National Bank Composite House Price Index. The index, which monitors home prices across 11 CMAs based on observed or registered sales at least twice, experienced a 0.4% drop on a seasonally adjusted basis between September and October. Before...
In just one week, CentreCourt sold 95% of its pre-construction condo units during the first-phase launch of Pickering City Centre — a sprawling high-rise development planned for the site of the Pickering Town Centre mall. When it comes to high-rise condo buildings popping up in Ontario, cities like Toronto, Mississauga, Hamilton, and Ottawa might come to mind as hotbeds of activity. Pickering, a city...
by PreConCentral.com