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toronto real estate news

If you've driven through Toronto recently, you may have thought to yourself, "gosh, there is a lot of crane action going on." Well, you're not wrong.

The city is in the middle of a construction boom right now. What does that mean? Well, according to Future Model Toronto's Stephen Velasco, there are currently over 100 high-rises being built in the city.

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If you're trying to find a place to buy a home in the city, you're not alone in feeling the heat from the skyrocketing Toronto housing market.

But Strata.ca just released a report with juicy details about some Toronto neighbourhoods where you could score an affordable home that is well under $1M.

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Are you considering buying a home in Toronto? A recent viral TikTok video by a Toronto-based user sheds light on the hidden costs and staggering expenses involved in investing in Toronto's real estate market, particularly for a $1 million home.

Jules was left shocked after calculating the mortgage interest costs of buying a Toronto home in Ontario's housing market.

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Let's talk about Toronto's real estate market. In February 2023, the average selling price of homes in the Greater Toronto Area fell by almost 18 percent compared to the same month the previous year. That's a big drop!

The Toronto Regional Real Estate Board (TRREB) found that over half of the homes sold in Toronto during February were below $1 million, which is an increase from the 38 percent recorded in the previous year.

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In 2023, affording a home in Toronto is next to impossible for those looking to enter the market, but it wasn't always this way. Heck, it was only a short while ago that buying a house in the city was a viable option.

On Wednesday, Graham Rowlands, founder of homing.ca, highlighted the staggering heights Toronto's housing prices have climbed in a mere decade in an Instagram post.

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