Inder Chawla's blog

INDER CHAWLA, BROKER

Toronto is one of the most expensive cities in the country to buy property, second only to Vancouver. While the city’s overall average home price sits at $1,017,796¹, certain neighbourhoods are on a completely different level. Whether you’re a buyer exploring Toronto’s luxury market or you’re just curious about where the city’s wealthiest residents live, here’s a look at the most expensive neighbourhoods in Toronto right now, based on REMAX agents’ experience and current list prices.

Key Takeaways

• Toronto’s most expensive neighbourhoods span a wide range of...

INDER CHAWLA, REAL ESTATE BROKER

Purchasing your first home is an exciting and monumental step, filled with dreams of finding the perfect place to call your own. Imagine a cozy condo nestled in the heart of the city, where modern amenities and vibrant urban life are just an elevator ride away, a charming townhome offering a balanced blend of community and privacy with shared spaces that foster a sense of belonging, or a spacious detached home where you can relish in the tranquillity of your own yard, free to customize every inch to your heart’s desire. The choice between a condo,...

REAL ESTATE NEWS - INDER CHAWLA, BROKER

As the housing crisis in Canada became harder (and harder) to ignore, governments big and small have started taking more (and more) action. But not all actions are equal, and some may actually have a negative impact on housing affordability.

As complicated as the housing crisis may be, it really comes down to the basic law of supply and demand: If demand increases while supply stays flat, prices will increase.

This is why, according to a recent analysis article published by the CMHC, demand-side interventions by governments may actually reduce...

REAL ESTATE NEWS - INDER CHAWLA, REAL ESTATE BROKER

Home sales increased on a year-over-year basis in April 2026, while the supply of listings trended lower. This suggests that overall market conditions in the Greater Toronto Area (GTA) tightened during the first full month of spring. Despite tighter market conditions, selling prices edged lower on average compared to last year, as buyers continued to benefit from ample choice and negotiating power. 

“We have experienced an uptick in home buying activity so far this spring. Buyers have taken advantage of more affordable housing market...

TRREB welcomes the federal government’s Spring Economic Update which continues the government’s focus on housing supply and affordability. The measures signal meaningful progress on long-standing priorities shared by homebuyers across the Greater Toronto Area and Simcoe County.

Several initiatives align with TRREB and CREA advocacy goals, including increased flexibility in mortgage insurance to support missing-middle housing, steps toward modernizing building regulations and factory-built housing, improved housing data collection, and a stronger skilled trades strategy. These positive...

REAL ESTATE NEWS - INDER CHAWLA, REAL ESTATE BROKER

TRREB welcomes the City of Vaughan’s decision yesterday to temporarily reduce residential development charges to zero to help accelerate housing construction and improve affordability for current and future residents. This is the type of bold municipal leadership needed to address Ontario’s housing supply crisis.

Development charges are a major cost embedded in the price of new homes. Vaughan’s action can make a meaningful difference for homebuyers by reducing City development charges on a new low-rise home by up to $50,193 during the...

REAL ESTATE NEWS - INDER CHAWLA, REAL ESTATE BROKER

The Home Equity Partners Inc. has debuted a HESA model in Canada, giving GTA homeowners the opportunity to access flexible financing by tapping into their home’s value. The best part? It doesn't involve taking on debilitating debt.

Fun fact: if you own residential real estate in the Greater Toronto Area — where home prices have surged over the past decade — you’re probably sitting on (a significant amount of) equity. 

Accessing that equity without taking on high-interest debt isn't necessarily the norm, but now it’s finally possible —...

REAL ESTATE NEWS - INDER CHAWLA, REAL ESTATE BROKER

A potential cut in development charges could help reduce home prices and spur more new builds, industry experts say.

In late March, the province of Ontario and the federal government announced they would “cost-match” development charges up to $8.8 billion over 10 years, which could reduce the charges by up to 50 per cent. The reductions will be in place for three years.

Municipalities bill development charges to developers for each of their housing projects to fund infrastructure. However, the industry has long argued that the...

REAL ESTATE NEWS - INDER CHAWLA, REAL ESTATE BROKER

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

The evolving conflict in the Middle East is causing heightened volatility and US trade policy continues to reshape global trade patterns. Both are ongoing sources of uncertainty. The Bank’s April outlook assumes tariffs remain unchanged and the global benchmark price of oil declines to US$75 per barrel by mid 2027. 

The Iran war has led to sharply higher energy prices and transportation disruptions,...

REAL ESTATE NEWS - INDER CHAWLA, BROKER

As homeowners age, there is a natural inclination to downsize, whether it be because children have moved out into homes of their own, or for increased accessibility, safety, and convenience.

According to Statistics Canada data from 2024, approximately 7.74 million people — about 18.9% of the total population of Canada — is over the age of 65, and the proportion is expected to increase to about 25% by 2030. Accordingly, a “downsizing wave” is expected, and it could become a significant factor in real estate markets.

However, research published last...