Category: Renting a Condo

GTA Condo Market Report Q4 2024: Sales Surge, Prices Adjust, and Inventory Expands

GTA Condo Market Report Q4 2024: Sales Surge, Prices Adjust, and Inventory Expands

by | Mar 8, 2025 | , , , , | 0 |

In Q4 2024, the Greater Toronto Area (GTA) condo market experienced notable shifts, with sales increasing by 25.5% year-over-year, signaling improved affordability and buyer confidence. Despite the sales growth, average prices dipped by 1.6% to $689,198, while active listings surged by 43%, giving buyers more negotiating power. Market trends varied by region, with Downtown Toronto favoring smaller units for young professionals, while North York and Mississauga saw stronger demand for larger living spaces. Additionally, a record-breaking 29,800 new condo completions put downward pressure on rental prices, particularly for smaller units, though demand for three-bedroom units remained steady. As the market continues to evolve, shifting buyer preferences and economic factors will play a key role in shaping future trends.

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Know your Unit Boundaries: Understanding Your Rights and Responsibilities in a Condominium Community

by | Dec 7, 2024 | , , , , | 0 |

Living in a condominium comes with unique perks and responsibilities. To maintain harmony in your condo community, it’s essential to understand the boundaries between your private unit and shared common areas. These divisions impact everything from decorating your door to managing condo maintenance fees. By reviewing your condo’s declaration and respecting community rules, you can enjoy a smooth and balanced living experience while contributing to a pleasant environment for everyone. Discover how understanding your space can help you make the most of condo living!

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Responsibilities and Rights of Tenants in Ontario

Responsibilities and Rights of Tenants in Ontario

by | Nov 5, 2023 | , | 0 |

Are you a tenant in Ontario looking to have a wonderful living and rental experience? It’s important to know your rights and responsibilities according to the Residential Tenancies Act (RTA). As a good tenant, you should keep your rental property clean and fix any damages caused willfully or negligently. Remember, you’re not allowed to change the locking system without the landlord’s consent and should avoid harassing or threatening your landlord. Your rights include the right to quiet enjoyment of a properly maintained rental property and not to be evicted in bad faith. If facing eviction, you have the right to request a hearing from the Landlord and Tenant Board. Additionally, landlords can only evict you under specific circumstances, providing compensation or alternative housing. Make sure to use the Ontario Standard Lease and be aware of the guidelines for rent increases. By understanding your rights and responsibilities, you can create a positive and harmonious rental experience.

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