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Toronto expands affordable housing efforts with $50 million fund to acquire vacant condominiums
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Toronto expands affordable housing efforts with $50 million fund to acquire vacant condominiums Toronto is expanding housing acquisition programs to buy discounted and vacant condominiums for affordable housing. The city will fund community housing providers to purchase these units, aiming to ease crowding in emergency shelters. With a record number of unsold units, Toronto has allocated $50 m...

Toronto housing market faces uncertainty amid rising mortgage rates and high inventory
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Toronto housing market faces uncertainty amid rising mortgage rates and high inventory Landlords found to have abused the own-use measure should be banned from property ownership for rental purposes, as they cannot be trusted. In cases of fraudulent renovictions, landlords should forfeit their properties to the province at fair market value, which could then be used for affordable hou...

Condo rents in Toronto region dip for first time in three years
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Condo rents in Toronto region dip for first time in three years Condo rents in Greater Toronto and Hamilton area have decreased by 1.2% in the second quarter, marking the first decline in three years. Average rent for new leases was $3.97 per square foot, down from $4.02 last year. Purpose-built rental apartment rents rose by 2.2% to $4.08 per square foot, with....

Toronto Condo Sales Slump 20%
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Toronto Condo Sales Slump 20% Monthly payments are high, but rents are decreasing, leading more first-time buyers to enter the condo market in Greater Toronto Area. Condo listings have increased significantly, while sales have dropped by 19.8% in Q2 2024. Chief Market Analyst warns that lower rents and high inventory may not las...

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