Frank Prendergast's Blog Posts

A second set of rental rules in Ontario are set to take effect Sept. 21. Here is a link to Ontario Tribunals Page with information on the changes. The same information is presented here by the

Canada’s federal ban on foreign homebuyers is scheduled to expire January 1, 2027. With the deadline approaching, the government has yet to confirm whether it plans to extend the restrictions

According to recnt numbers from the Toronto Regional Real Estate Board (TRREB), Toronto home prices continued to soften in July, but the bigger story may not be the decline in prices. It may be what

For the first time in five years, average home prices in the Greater Toronto Area have slipped below the $1 million mark — a meaningful psychological and financial milestone that signals a

Greater Toronto Area home sales continued to decline on a year-over-year basis in December, reflecting a market where many buyers remained cautious through much of 2025. Despite lower interest rates

 Ontario legislators have voted to pass Bill 60, a controversial housing bill that proposes amendments to tenancy rules. Here’s what you need to 

Toronto Rents Hit a 40-Month Low — What This Means for Renters Right NowIf you’ve been thinking about making a move in Toronto’s rental market, now might be the most favourable

Toronto’s real estate board says home sales and prices were down in October from a year earlier as economic uncertainty persists. The latest data from the Toronto Regional Real Estate

The Greater Toronto Area housing market saw renewed momentum in September, as more buyers stepped back into the market, taking advantage of lower borrowing costs and more manageable monthly mortgage

Bosley Real EstateHome prices in August reported by the Toronto Regional Real Estate Board (TRREB) showed downward pressure on prices. The supply of new listings in the GTA also outpaced sales. A

According to the Toronto Regtional Real Estate Board, the Greater Toronto Area (GTA) experienced the best home sales in terms of volume for the month of July since 2021. The increase in sales

There were 6,243 sales in June according to the Toronto Regional Real Estate Board (TRREB). Sales did edge up month-over-month, following two months of consecutive increases in April and May

There's a positive confluence of forces that are making housing more affordable for some people. Housing costs have dropped but so have mortgage rates. Therefore, more people are in a position to.

April home sales reflected typical seasonal patterns, showing an uptick from March. Still, overall residential transactions in the Greater Toronto Area (GTA) declined year over year, as many would

Compared to 2024, sales and prices were down for the month of March in the GTA. Home ownership became more affordable due to the price drop and  interest rate cuts.GTA REALTORS® reported 5

When purchasing a home, Toronto buyers have several options in terms of ownership structures, including condominiums, co-operatives (co-ops), and co-ownerships. Each of these comes with its own

Home buyers in the Greater Toronto Area (GTA) saw more options in the resale market in February 2025, with high inventory levels continuing to shape the landscape. Home sales saw a decline compared

February 7th, 2025Bosley Real EstateToronto home sales jumped 10 per cent in January as buyers responded to lower mortgage rates, but the local real estate board cautioned that potential trade

Photo by Tierra Mallorca on UnsplashIf you're considering becoming a first-time buyer, there are tools to help you. Check out the below financial vehicles available to help you reach

The Toronto real estate market continues to have a high level of inventory, giving buyers the upper hand. This trend continued in August.According to TRREB (Toronto Regional Real Estate Board) there

Summer's here and buyers are fishing for a deal. June 2024 home sales in the Greater Toronto Area (GTA) were lower compared to the same month last year, according to the Toronto Regional Real

From TRREB:The Greater Toronto Area (GTA) condominium apartment sales increased moderately in the first quarter of 2024 relative to the first three months of 2023. However, over the same period the

It’s official. Toronto City Council voted in favour of the 9.5% increase to the residential property tax rate when they met on February 14 to finalize the 2024 budget. The tax hike, the

Bosley Real Estate's take on the January Market Numbers ReportCourtesy: TRREBThe Toronto Real Estate market had a positive start to 2024. The first month of the year saw a total of 4,223 home sales

On February 6th City Council voted in favour of two items aimed at protecting Cabbagetown's unique heritage. Preservationalists are thrilled. Perhaps the most profound vote designated the

Toronto’s latest real estate figures may suggest the housing market may on a rebound, but some economists caution that the full impact of elevated mortgage rates has yet to play out. The

The Ontario government has introduced changes to better protect consumers through the Trust in Real Estate Services Act (TRESA). Phase 2 of the reforms were effective December 1, 2023 and will

The streets of Cabbagetown are lit with Christmas lights, decorations have been hung with care and, local store shelves are full of gift ideas. Here’s a holiday guide to shopping local and

Like the month itself, the November real estate market proved to be… a blah kind of month. A heavy dose of gloomy, grey skies with the occasional sunny spot.Overall sales were down in

Photo by Tierra Mallorca on UnsplashWould sharing competing offers help cure Ontario's housing affordability issues? Some think so. On December 1, 2023 the next phase of TRESA

The City of Toronto is implementing a new Municipal Land Transfer Tax (MLTT) rates of up to 7.5% on high-value homes and increasing the Vacant Home Tax from 1% to 3%.The moves are an attempt by the

Owners of housing units that are sitting empty will soon have to pay more, with Toronto city council voting on October 11, 2023 to increase the vacant home tax from one to three per cent of a

There is a property in Cabbagetown that is listed at $1. What's the catch? Is it haunted? Are there ghosts in the closets? Likely not but the insides of this 1925 multiplex are pretty scary. 19

According to the Toronto Regional Real Estate Board (TRREB) average selling prices in September were higher in the GTA by 3%. Average prices increased from $1,086,538 in September 2022 to $1,119,428

The City of Toronto is implementing Municipal Land Transfer Tax rates of up to 7.5% on high-value homes.The new graduated Municipal Land Transfer Tax (MLTT) rate was appoved in September, 2023 by

I know that statistics aren't everyone's favourite... but I love them. If you prefer to dicuss the below stats, give me a call. If you like to dive deep, this blog is for you:Numbers provided by the

The Bank of Canada's September 6 decision to keep interest rates unchanged will undoubtably have an effect on the Canadian and GTA real estate market. Here are some of the possible implications on

As a professional Realtor with an emphasis on condos, I'd like to share the latest insights from Urbanation Inc., a leading source for information and analysis on the condominium market. The Q2

 June 16, Bosley Market SnapshotToronto rents just skyrocketed again and here’s how much you’ll need to spend. It will now cost you well north of $2,800 to rent an apartment in

Bring a helmet and come for a cycle tour of Cabbagetown! New bicycle lanes in Cabbagetown were approved by Toronto City Council on June 14. There will be no loss of street parking and work could

Above illustration of proposed condo by RAW Design was submitted as part of Public ConsultationTorontonians can learn a lot from the recent brouhaha that’s erupted in Cabbagetown over a

Double-Digit Rise in Condo Unit Rents in Q1 2023According to a new report released by the Toronto Regional Real Estate Board (TRREB), the cost of renting is rising by double digits. While the

Photo by Siddharth Patel on UnsplashIn addition to servicing buyers and sellers, I help clients looking to lease condos and houses. In the past couple of months, I’ve been to

Photo courtesy Unsplashed, Larkin HammondRecently, a client wanted to discuss purchasing a pre-construction condo that they planned to live in. I gave it some thought and did some research on recent

Among my favourite spots in Cabbagetown are Riverdale Park West which has a huge off-leash area for dogs; the Riverdale Farm was the favourite destination when my daughter and

With the added attention paid to title fraud media recently, I wanted to provide some information on what title insurance is, why you need it, and why you may want to review your policy.In Ontario,

The skyline of Toronto is filling up with cranes building brand new sparkling condos. It’s a beautiful sight for a housing-starved city, but is a new condo the best investment for you? A

Buyers were hesitant in October as the spectre of rate hikes and world events loomed in the background. Total number of sales in the GTA were lower than last year but selling prices remained above