Toronto Market Update
The Bank of Canada began lowering its benchmark rate on June 5th of this year. It did so again in July, September, and on October 23rd it made its biggest reduction, 0.50 percent, bringing its overnight lending rate to 3.75 percent. The Toronto and Region residential resale market did not immediately react to these rate reductions, in fact the market’s immediate reaction was one of caution, which further immobilized buyers.
Decanting Real Estate Podcast
In this first episode, Chris Kapches and Doug Gubitz take on the complexities of Toronto’s real estate market. With their unique theme, “Decanting Real Estate,” they offer a sophisticated and insightful look at the industry.
In this insightful second episode of Decanting Real Estate, Chris and Doug dive into the pressing housing issues affecting Toronto today. This episode sheds light on the complex dynamics behind the city’s housing crisis. From government policies and interventions to the impact of rapid, high-density construction, Chris and Doug discuss the trend of small-unit developments dominating Toronto’s new building projects. They critically explore how these developments meet – or fail to meet – the needs of Toronto’s diverse population.
Real Estate News
Average GTA Condo Prices Dropped By Over 23K Annually In Q3
In what has been a common tune for a while now, TRREB’s Q3 2024 Condo Market Report is posting dwindling sales, growing inventory, and a declining price point for condominium apartments in the GTA.
Property Insights: What Does US$2.5 Million Buy Around the World?
Luxury Defined tours four international homes priced around US$2.5 million.
Original Mid-Century Chandigarh Furniture Exhibited in Collector’s London Townhouse
Collector Rajan Bijlani has opened up his London residence for an exhibition featuring highlights from his 500-piece collection of furniture made for Le Corbusier’s master plan of Chandigarh in the 1950s and 60s.
