We hope you’re having a wonderful fall! There’s been a lot of news affecting the housing market, though it’s been focused on mortgage rules and rates.

The big news of course, is that the Bank of Canada has reduced the key interest rate significantly, with more cuts predicted. Though this hasn’t had an immediate impact, experts are predicting a particularly busy spring, which makes now a great time to buy. There is a lot of inventory to choose from and not much competition with other buyers.

In addition, the federal government has introduced changes to mortgage regulations, which affect first-time buyers, people buying new construction, and more options for buyers with a downpayment under 20%.

You’ll find more information about the changes coming in a helpful article from the CBC, and of course, we’re always available if you have any questions about how the changes affect you.

If you're curious about what your home may be worth, please give us a call!

All the Best,

Marina and Mark

Marina Bolletta, Broker of Record

Mark Tavares, Broker

Urbanlife Realty Inc., Brokerage

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It's the most wonderful time of the year! Toronto's dazzling Christmas market is returning for the holiday season and it's full of cheer. Jingling its way into the city on November 13, the market will transform the Distillery District into a winter wonderland with a twinkling canopy of lights, festive events, photo ops and more Christmas magic.

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Your home should be a safe space where you can be your true, authentic self. So shouldn’t the decor in your house reflect that? No matter what kind of style you boast, there are ways to integrate your personal style into the rooms you live in.

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The federal government announced changes to some mortgage rules in an effort to make housing more affordable. They will increase the cap on insured mortgages to $1.5 million from $1 million. In addition, purchasers will be able to take out loans for a 30-year period if they are first-time homebuyers or if someone is buying a newly built house.

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The best mac and cheese in Toronto is the humble side dish with an uncanny knack for stealing the show. Velvety and fiercely pleasing, boosted by ingredients that add flavour, texture and lavish cheese pulls, mac and cheese is the comfort dish you to turn to between bites of your entrée — or devour all on its own.

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Fully furnished one bedroom plus den. Wonderfully maintained unit in one of the most desirable buildings in King West. 24-hr concierge, City Market Loblaws, Wine Rack, Starbucks, Tim Hortons and TTC steps from the front door. Open concept living area, modern finishes, built-in appliances and tiled balcony floor. Modern furnishings. A+ amenities. One streetcar to entertainment and financial districts. Highway access within minutes. Landlord will consider short term lease or long-term lease. Furnished is $150 per month more.

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Prime commercial space at Dundas and Dovercourt. Little Portugal. Basement level, 2000 sqft open concept space suitable for many types of businesses and services (dance studio, fitness/martial arts, event space, social club, offices, etc.). 9 foot ceilings, 2 x 2 piece washrooms, kitchenette, front and rear entrances. Large signage space on Dundas free to use.

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Greater Toronto Area (GTA) home sales increased strongly year-over-year in October 2024. Over the same period, new listings were up, but by a lesser annual rate. The result was tighter market conditions compared to October 2023. The average selling price was up slightly on an annual basis.

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