GTA March Market: More Affordable and More Choice
TORONTO, April 03, 2025 (GLOBE NEWSWIRE) -- Homeownership in the Greater Toronto Area (GTA) became more affordable in March 2025 compared to the previous year. On average, both borrowing costs and home prices have declined over the past year, making monthly payments more manageable for households looking to buy a home.
'Homeownership has become more affordable over the past 12 months, and we expect further rate cuts this spring. Buyers will also benefit from increased choice, giving them greater negotiating power. Once consumers feel confident in the economy and their job security, home buying activity should improve,' said Toronto Regional Real Estate Board (TRREB) President Elechia Barry-Sproule.
'Given the current trade uncertainty and the upcoming federal election, many households are likely taking a wait-and-see approach to home buying. If trade issues are solved or public policy choices help mitigate the impact of tariffs, home sales will likely increase. Home buyers need to feel their employment situation is solid before committing to monthly mortgage payments over the long term,' said TRREB's Chief Information Officer Jason Mercer.
GTA REALTORS® reported 5,011 home sales through TRREB's MLS® System in March 2025 – down by 23.1 per cent compared to March 2024. New listings in the MLS® System amounted to 17,263 – up by 28.6 per cent year-over-year. On a seasonally adjusted basis, March sales were down month-over-month compared to February 2025.
The MLS® Home Price Index Composite benchmark was down by 3.8 per cent year-over year in March 2025. The average selling price, at $1,093,254, was down by 2 per cent compared to the March 2024. On a month-over-month seasonally adjusted basis, the MLS® HPI Composite was down and the average selling price was flat.
'While the policy debate heading into the federal election has rightly been focused on our cross-border trade relationship, it has also been important to see that the federal parties continue to view housing as a key priority based on the various election platforms. This is in line with recent polling suggesting access to housing options that are affordable remains top-of-mind for all Canadians. Building this housing will be a key economic driver moving forward,' said TRREB CEO John DiMichele.
READ THE FULL REPORT
Media Inquiries:
For all media inquiries, please email media@trreb.ca.
About TRREB: The Toronto Regional Real Estate Board is Canada's largest real estate board with over 73,000 residential and commercial professionals connecting people, property and communities.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e04675f8-ada5-4b70-abfc-639bfcf8e435
https://www.globenewswire.com/NewsRoom/AttachmentNg/13396712-7ca5-4c9d-81d8-6618ad64bddf
https://www.globenewswire.com/NewsRoom/AttachmentNg/7b2f1411-9be2-46bd-82a1-b22f3ad02c54
https://www.globenewswire.com/NewsRoom/AttachmentNg/a9fa36f2-b6e8-4474-a855-539e357d2531
https://www.globenewswire.com/NewsRoom/AttachmentNg/62366400-7f7f-4815-b35b-04169fa47935
https://www.globenewswire.com/NewsRoom/AttachmentNg/40ee0d6f-8026-4034-88ad-7bc318ee95bf
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Boston Globe
3 hours ago
- Boston Globe
Logan Airport is starting to see decline in Canadian travelers
The drop in April marked the first year-over-year decline in Canadian visitors at the airport in 2025; the total is still up slightly for the year so far, when compared to the first four months of 2024. (May passenger traffic numbers are not yet public.) Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up 'That's obviously incredibly disappointing [but] with one month of data, I'm not ready to press the panic button,' Davey said in an interview earlier this month, after Massport published the April numbers. Advertisement National statistics released by the Canadian government last week indicate the trend most likely continued at Logan through May. Plane trips by Canadian residents from the US fell 24 percent in May, year over year, while Canadian vehicular trips from the US fell 38 percent. The backlash in Canada started early this year. Then-Prime Minister Justin Trudeau urged Canadians to vacation in their home country instead of going to the US, as President Trump imposed new tariffs on goods imported from Canada and talked repeatedly about the benefits of Canada becoming the '51st state.' Advertisement Current prime minister Mark Carney has strongly rebuffed the 51st state idea, though he indicated several days ago that he's hopeful about progress with the Trump administration on trade issues. In an attempt to counteract some of the Trump administration's hostility, Governor Maura Healey on Monday will be hosting in Boston several Canadian premiers and governors from Northeast states to talk about ways to maintain strong economic relations among the states and provinces. Much is at stake: Visiting Canadians spent an estimated $20 billion in the US last year. Amid the pushback in Canada to US leisure travel, JetBlue decided to cancel a new flight from Boston to Halifax it had planned, and Porter Airlines cut one of its Boston flights to Ottawa. Travel research firm Tourism Economics is predicting much bigger drops ahead for Greater Boston, with 657,000 Canadian visits expected to the region in 2025, a 20 percent decline from 2024, and a 24 percent drop from what was originally projected for 2025. David O'Donnell, a vice president with the Meet Boston tourism bureau, said his organization hasn't yet heard from local hotels about Canadian travel, but it expects a decline in international travelers to pick up in the summer. Many visitors who booked in the first half of the year would have faced cancellation fees if they opted not to come, but in the second half of the year, many of the bookings will reflect decisions made since Trump took office. Concerns about Canadian tourism prompted state Senator John Keenan of Quincy to file a budget amendment last month requiring the Massachusetts Office of Travel and Tourism to report to the Legislature the feasibility of promoting Massachusetts as a destination for residents of countries showing a decline in travel to this state in 2025. The Senate adopted the language as part of its state budget proposal, but its fate now remains tied to House-Senate budget negotiations. Advertisement 'Clearly our Canadian numbers, like those at a lot of other [US] airports, are going in the wrong direction,' Davey said. 'I hope it's not a canary in the coal mine for us, but we're going to keep a close eye on it.' Jon Chesto can be reached at
Business Upturn
18 hours ago
- Business Upturn
Bitcoin Mining: From the 'Pizza Legend' to Billion-Dollar Wealth and the New Cloud Mining Opportunity
By GlobeNewswire Published on June 14, 2025, 20:23 IST New York, NY, June 14, 2025 (GLOBE NEWSWIRE) — 1. Legendary Origin: 10,000 BTC for Two Pizzas In May 2010, an early Bitcoin enthusiast exchanged 10,000 BTC for two pizzas—now hailed as the most expensive lunch in crypto history. At today's price of USD 100,000 per BTC, that meal is worth USD 1 billion, cementing Bitcoin's reputation as a springboard to extraordinary wealth. 2. Multiplying Wealth: Early Holders Shoot for the Moon Many pioneers achieved life-changing gains, thanks to Bitcoin's high volatility and high returns . . Chainalysis reports that in 2024 alone, U.S. households boosted their Bitcoin-mining-related spending by 220 percent, to an average of USD 3,400 3. The Essence of Bitcoin Mining Bitcoin's global network relies on miners who continually run SHA-256 computations to find a hash below the target value. The first miner to package a new block receives 3.125 BTC plus all transaction fees. Since its 2009 debut, mining has secured Bitcoin's decentralized architecture. 4. HASHJ Two Main Mining Paths Compared Model Capital Outlay Ongoing Ops Technical Barrier Best Suited For Self-Host ed Farm Buy ASICs/GPUs, build a facility High—electricit y, cooling, maintenance Requires hardware & electrical expertise Capital-rich teams Cloud Hash Contract Rent hash power online Low—hardware is platform-manag ed Virtually none Individuals & institutions testing the waters Cloud-mining advantages: no need to buy equipment, build a server room, or handle noise and heat—making it 2025's fastest-growing mining segment. 5. The New Cloud-Mining Boom: HASHJ One-Click Solution Core Feature Value Proposition Zero Hardware Cost Sign online and start mining with professional-grade hash power immediately Green Energy Large-scale wind, hydro, and solar integration cuts electricity costs by up to 90 % AI-Driven Operations Dynamic hash routing and automated troubleshooting deliver steadier returns Welcome Bonus USD 18 sign-up credit + USD 500 of trial hash power With Bitcoin holding the USD 100 K threshold, global demand for hash power is soaring. Through cloud mining, hefty hardware CAPEX turns into flexible OPEX, letting everyday investors tap into the next growth wave. 6. Action Checklist: Seize the Upside, Manage the Downside Start Small: HASHJ USD 18 + USD 500 package to confirm real-world HASHJ package to confirm real-world Go Green: Renewable power and low-carbon operations will be future competitive moats. Renewable power and low-carbon operations will be future competitive moats. Diversify: Never concentrate all capital in one platform or coin—spread risk sensibly. Takeaway: Wealth stories never disappear; what's scarce is timely information and decisive action. If you believe in Bitcoin's future—but dread miner noise and power bills—a cloud-mining platform could be your lightweight gateway to the next legend. About HASHJ HASHJ is a high-efficiency, green, and transparent Bitcoin mining platform that lowers the barrier to entry and helps users worldwide share in blockchain value growth. Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Business Upturn
18 hours ago
- Business Upturn
Nuclear Air Filtration for HVAC Managers: Why the Nuclear Comeback Demands Next-Gen Filtration Standards
Riverdale, NJ, June 14, 2025 (GLOBE NEWSWIRE) — Learn how Camfil supports safe nuclear energy expansion in the U.S. with cutting-edge containment solutions. With nuclear energy making a significant comeback in the United States as a reliable and carbon-free power source, advanced air filtration systems are playing a pivotal role in ensuring safety and operational integrity. Camfil, a global leader in clean air solutions, emphasizes the essential role of containment and air filtration technology in supporting the safe expansion of nuclear power with an extensive new guide. The U.S. government's goal to triple nuclear energy capacity by 2050 and the 20% increase in planned nuclear reactor projects reported in 2023 signal a pivotal shift towards sustainable energy solutions. Large technology companies such as Amazon, Google, and Meta are also investing in nuclear power to meet their ambitious clean energy goals, highlighting its importance as part of the renewable energy ecosystem. However, the expansion of nuclear energy production demands a renewed focus on maintaining safety standards. Modern nuclear facilities must integrate robust safety measures to mitigate airborne hazards and prevent the release of radioactive contaminants. Advanced filtration systems are essential for managing these risks, ensuring that nuclear energy remains a viable and sustainable solution for addressing the challenges of global energy demand. 'Containment of airborne contaminants and air filtration play a critical role in ensuring the safety and operational integrity of nuclear power plants,' said Paul Charbonneau, Nuclear Air Filtration Systems Segment Manager at Camfil, 'As the nuclear industry experiences a renaissance, advanced containment and filtration systems serve as a key enabler, reinforcing the viability of nuclear energy as a sustainable and secure power source. Camfil remains dedicated to driving innovation in containment and air filtration technology, continuously developing solutions that meet the highest safety and performance standards.' The guide details Camfil's proven track record in pioneering nuclear air filtration, dating back to 1963. The company's innovative containment solutions, such as the CamContain series, are specifically engineered for high-risk environments such as nuclear facilities. Featuring HEPA filters designed to capture 99.97% of particles as small as 0.3 microns, gas-tight stainless-steel construction, and advanced mechanisms such as bag-in/bag-out (BIBO) systems for safe filter replacement, these cutting-edge solutions ensure optimal safety and efficiency. Regulatory bodies, including the U.S. Nuclear Regulatory Commission (NRC), continue to mandate stringent standards for air filtration and containment systems to protect workers, local communities, and the environment. Camfil's technologies are designed to meet and exceed these requirements, providing nuclear facilities with reliable, state-of-the-art solutions for airborne hazard management. As the U.S. harnesses the potential of nuclear power to achieve both energy security and sustainability goals, Camfil's air filtration solutions remain at the forefront of maintaining safety and reinforcing public confidence in this vital energy source. Learn more by accessing the full guide: About Camfil Camfil Nuclear Air Filtration & HVAC The Camfil Group is headquartered in Stockholm, Sweden, and has 29 manufacturing sites, six R&D centers, local sales offices in 35+ countries, and 5,700 employees and growing. We proudly serve and support customers in a wide variety of industries and communities across the world. To discover how Camfil USA can help you to protect people, processes, and the environment, visit us at Contact Information Lynne Laake Camfil USA Air Filters Phone: 888-599-6620 Email: [email protected] Attachment Nuclear Energy is Making a Comeback in the U.S. Why Advanced Air Filtration is More Vital Than Ever Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
