As home prices drop, they're reconsidering their purchase.
Homeowners are racing to lock in lower rates.
The report also noted that multi-property owners hold 29% of Toronto’s housing stock.
The build will bring 333 suites, a multi-level retail space, and a private neighbourhood park to One Park. It’s not every day such a swoon-worthy “last chance” hits the market.
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"Prices are still trending near all-time highs but have begun to show signs of topping out.”
"Learn the rules like a pro, so you can break them like an artist," no?
"We’re not important. Our listings are important."
Professionals are now advising against the tactic.
With two Bank of Canada hikes already implemented and more expected throughout the year, current homeowners are "racing to lock in the low interest rates as they stand before another rise."
Today's real home prices have surged by more than a third in over two years, "clearly stretching beyond that long-run baseline growth trend."
For the first time since 2019.
After 12 years and three terms.
“North Peel is really on the rise, with a lot of development and industrial and residential pockets. It will be a very busy area within the next 10 years.”
Toronto was one of the metropolitan regions most affected by construction costs escalating last year— the construction price index for non-residential building increased by 15%.
“There is some social responsibility behind it, but at same time, we all have to adhere to reduction goals set by the federal government, and if we don’t we’ll be levied with larger carbon taxes."
DUO is one of the GTA’s most optimally-located condominium developments.