Masoud Arjmandfar Real Estate

Ontario caps rent increases below the rate of inflation
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Ontario caps rent increases below the rate of inflation The Ontario government announced a rent increase cap of 2.5% for 2023, significantly lower than the 5.3% that landlords would normally be able to raise rent due to the high rate of inflation. This cap will apply to approximately 1.4 million rental units covered by the Residential Tenancies Act, but....

GTA housing market demand heats up
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GTA housing market demand heats up The Greater Toronto Area housing market saw an increasing demand in May, with 9,012 sales - a 5.3% monthly and 24.7% annual increase. However, new listings were down 18.7% during the same period, creating competition between buyers and pushing up the average selling price to nearly $1.2 million. TRR...

Q1 Greater Toronto Area high-rise land sales fall over 50% - Real Estate News EXchange
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Q1 Greater Toronto Area high-rise land sales fall over 50% - Real Estate News EXchange Ben Myers is the president and owner of Bullpen Research and Consulting. According to their latest GTA High Rise Land Insights Report, transactions for high-density land in the Greater Toronto Area are down over 50% from 2022. The report suggests that activity is not likely to pick up anytime soon,....