TRREB: HIGH INTEREST RATES IMPACTING THE MARKET, BUT POPULATION GROWTH WILL SOON SPUR DEMAND

The impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth continued to weigh on GTA home sales in September. However, despite the market being better-supplied with listings, the average selling price was up year-over-year. “The short and medium-term outlooks for the GTA housing market are very
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GTA HOME SALES HIT NEW NOVEMBER RECORD WHILE LISTINGS DROP

TORONTO, ONTARIO, December 3, 2021 – Home sales reached a new record for the month ofNovember, and the average selling price also reached a new all-time high. New listings were downsubstantially compared to last year for all market segments – further highlighting the inherent supplyissue across all home types in the Greater Toronto Area (GTA).GTA
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Housing crisis? What crisis? Canada has struggled to house people for decades

A fresh approach to rationing land for new development is needed to avoid another 50 years of housing failure What does that mean for Real Estate? Mortgage interest rates are correlated to the rates in the bond market so, as bond yields rise, banks will raise their mortgage rates. For commercial markets, the result is
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Rising Bond rates and what that means for real estate

Bond yields are rising What does that mean for Real Estate? Mortgage interest rates are correlated to the rates in the bond market so, as bond yields rise, banks will raise their mortgage rates. For commercial markets, the result is that capitalization rates will reduce as mortgage rates rise. With less net income, buyers will
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Welcome to theeastside.ca

We’re your local real estate experts. We not only serve the lower east side of Toronto but the GTA.
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The future GM campus is now under way

Excerpt from www.721eastern.ca On March 31, 2017 General Motors of Canada Company (“GM Canada”) submitted Zoning By-Law Amendment (ZBA) and Plan of Subdivision applications for the redevelopment of 721 Eastern Avenue, and on October 30, 2017 an Official Plan Amendment was submitted to permit a vehicle dealership on the Site. On November 30, 2017, GM
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Special thank you to the Volunteers at Evergreen

Evergreen
While out for an evening walk I discovered the ‘Guardians of the Don River’ as I like to call them. These volunteers from Evergreen take care of the Don River watershed that is often neglected. Their efforts go further than keeping garbage out of the watershed, they also contribute to the health and vitality for
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Green Ontario energy fund cancelled by the PC Government

Green Ontario Fund
Well that didn’t take long, the green energy fund launched by the former Liberal party has been terminated as a result of the conservatives winning the Provincial election. Now when you visit the green energy fund website it is a single page informing us that the program has been cancelled. After reading an article on
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East Harbour – A new Commercial Development coming to the east side

Join Paul McDonald from RE/MAX Hallmark Realty as he tours the Unilver soap plant with speaker Derek Goring from First Gulf. East Harbour, Toronto’s newest addition to the waterfront community, will be primarily a commercial development bringing business/employment opportunities. Along with this development there will be many welcoming additions to the neighbourhood such as the
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The Green Ontario Fund

Green Ontario Fund
The Green Ontario Fund is a not-for-profit provincial agency that invests proceeds from Ontario’s carbon market into climate actions that help people and businesses reduce greenhouse gas emissions and use cleaner technology to power their homes and workplaces. It’s back! The GreenON Installations program is now open for registration. Receive a no-cost smart thermostat and
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