Category: Uncategorized
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Affordable housing development gets a green light in Mississauga
An affordable housing development in Mississauga has been approved despite opposition from residents. Indwell Community Homes plans to build a four-storey, 51-unit apartment building at 1639 Lakeshore Rd. W, with commercial space on the ground floor. The project, funded by the Canada Mortgage and Housing Corporation and Peel Region, aims to open in 2025. Concerns…
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Underbidding Dominates GTA Market in Early-Q4
In October 2024, 70% of homes in the GTA sold for below their list price. Despite increased sales, overbidding activity remains low across the Greater Toronto Area.
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GTHA New Condo Sales Down 81% Yearly
New condo sales in GTHA totalled 567 units in Q3-2024, the lowest since Q1-1995. Sales ↓ 81% yearly, 87% below the latest 10-year avg for Q3.
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$1.5M Cap Change May Drive GTA Home Sales!
Raising the insured mortgage cap to $1.5 million may increase market activity, especially in the Greater Toronto Area. Around 20% of homes fall within the new range, with the GTA’s median home price at $1.2 million.
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GTA Home Sales Soar 44% in Early-Q4
In October, home sales in the Greater Toronto Area surged by 44.4% year-over-year, with 6,658 transactions. Toronto saw 2,509 home sales, a 37.6% increase, while other GTA areas rose by 48.9% to 4,149 sales.
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Mississauga exploring zoning changes to build homes on smaller lots amid housing demand
Mississauga is considering changes to its zoning laws to allow more semi-detached and detached homes on smaller lots, addressing the city's housing shortage. Proposed updates include permitting semi-detached homes in areas zoned for detached homes, adjusting lot requirements, and simplifying zoning regulations. Community feedback will be gathered through three virtual meetings scheduled for November. This…
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GTA Faces 50-Month Condo Supply Glut
The Greater Toronto Area faces a condo supply glut, with nearly 40,000 units unsold or unoccupied. This includes 24,000 unsold new units, 9,000 resale listings, and 5,000 newly completed assignments.
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Peel Region in Mid-Fall: High Demand and Competitive Prices
Sales Volume: October sales totaled $789.4M, indicating strong interest in the area. Average Price: Average property price was $937K, making Durham more affordable. SNLR: Durham’s high 47% SNLR suggests a seller’s advantage. Inventory: Only 2.2 months of inventory, highlighting strong demand and limited supply. Active Listings: With 1,766 active listings, Durham remains a competitive market.
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लंदन के ऑफिस बिल्डिंग को आवास में बदलने के प्रोजेक्ट को $3.29M की नगरपालिका अनुदान मिलेगी
शहर लगभग $3.3 मिलियन का निवेश करेगा 195 Dufferin Ave. के डाउनटाउन ऑफिस बिल्डिंग को 94 आवासीय इकाइयों में बदलने के लिए, जिसमें 80 एक-बेडरूम और 14 दो-बेडरूम इकाइयाँ शामिल हैं, जिनमें से 40% को किफायती बनाया जाएगा। यह पहल तीन साल के ऑफिस-से-आवासीय परिवर्तन कार्यक्रम का हिस्सा है, जिसका उद्देश्य आवास संकट का समाधान…
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GTA’s Home Sales Rise in Late-Q3: Is Recovery Close?
GTA home sales in September reached 4,996, slightly up from August but 8.5% higher than September last year. The increase in sales is driven by lower interest rates and affordable conditions, boosting homeownership demand.