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High interest rates, construction costs push Condo market in Hamilton and GTA to record lows
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High interest rates, construction costs push Condo market in Hamilton and GTA to record lows There are around 10,000 more unsold condominiums in Hamilton and the GTA compared to the 10 and 20-year averages. The GTA has nearly 26,000 unsold condos, with 15,000 in the pre-construction phase. Prices have dropped by about 2.6% due to the oversupply. Only 727 new condo units began construction i...

⭐️Townhome For Lease in CAMBRIDGE, ON.💥

✅3 Bed 2.5 Bath
✅2 Car parkings
✅Rent $2,950.0/ month + Utilities Bill
✅ Minutes drive from Hwy 401 & all major amenities
✅Available from immediately

Call/ text @ 415.846.4500 for more info

Pritpal Sodhi
Salesperson, ABR, SRS
RE/MAX Realty Services Inc.
📧 [email protected] www.peelhomefinders.com
📱Direct: 416-846-4500
*not intended to solicit buyers or sellers client under contract with brokerage*

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🎉Happy Civic Holiday! 💐 Wishing you a wonderful long weekend! Whether you’re exploring new neighborhoods or just enjoying some downtime, I’m here to help with all your real estate needs. 🏡✨

Brampton to begin fining landlords under new licensing program
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Brampton to begin fining landlords under new licensing program The City of Brampton is in the second phase of its Residential Landlord Licensing (RRL) pilot program, aiming to regulate rental units and rooming houses. Landlords in specific wards must register and obtain licenses to avoid fines. The program, initially met with resistance, now offers a 50% discou...

🏠 Planning to Buy or Sell Your House? Let Pritpal Help! 🗝️

Whether you're looking to find your dream home or sell your current property, I'm here to guide you every step of the way.

With expert knowledge and a personalized approach, I'll help you navigate the market and achieve your real estate goals. Let's make your next move a smooth and successful one! Contact me today @ 416-846-4500 to get started

☎ Pritpal Sodhi @ (416) 846-4500
WWW.peelhomefinders.com

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Average homeowner will pay $11,000 in property taxes in Brampton
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Average homeowner will pay $11,000 in property taxes in Brampton The average Brampton homeowner faces a property tax bill of over $11,000 in 2024 due to a 6.5% tax increase by the city and Region of Peel. Homes valued over $1 million will pay around $11,069, while those over $750,000 and $500,000 will pay $8,301 and $5,534 respectively. Mississauga saw a 7.39% pr...

40,000 new homes gets settlement approval in Brampton
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40,000 new homes gets settlement approval in Brampton Brampton's Heritage Heights community will see 40,000 new homes after a settlement was reached, aiming to accommodate 134,000 residents. The city plans for a vibrant, mixed-use area with amenities and job opportunities. The development includes provisions for affordable housing and is linked to Onta...

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https://www.canada.ca/en/department-finance/news/2024/06/30-year-mortgages-for-first-time-buyers-of-new-builds.html

30 Year Mortgages for First-Time Buyers of New Builds - Canada.ca In Budget 2024, the federal government announced it would amend mortgage rules to allow up to 30 year mortgages for first-time homebuyers purchasing new builds.

Understanding the Factors Behind the Drop in GTA Home Sales
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Understanding the Factors Behind the Drop in GTA Home Sales Home sales in the GTA decreased in June 2024 compared to the previous year despite the Bank of Canada's interest rate cut. There were 6,213 sales, down 16.4%, with an average selling price of $1,162,167, a 1.6% decrease. New listings rose by 12.3% to 17,964. The MLS Home Price Index Composite benchm...

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