Toronto is introducing a 942 area code. Starting this weekend, the city will expand its roster of area codes, joining the iconic 416, 647, and 437. While it might seem like a small change, this addition speaks volumes about Toronto's growth and evolution.

Growth in the City

The new area code is a direct response to the city's booming population and the increasing demand for phone numbers. Toronto has long been a magnet for newcomers, drawn by its vibrant culture, economic opportunities, and world-class amenities. As the city grows, so does the need for infrastructure to support its residents—and yes, that includes phone numbers.

Real Estate in High Demand

But what does this mean for Toronto's real estate market? Population growth often translates to heightened demand for housing. In Toronto, where the housing market is already competitive, this could lead to even higher property prices and rents. Developers may ramp up construction to meet the demand, reshaping neighborhoods and expanding the city's boundaries. At the same time, existing communities might experience shifts in dynamics, with new residents bringing fresh energy and diversity.

Of course, growth comes with challenges. Infrastructure, from public transit to schools, will need to keep pace with the city's expansion. Affordability remains a pressing concern, as many residents struggle to find housing within their means. The new area code is a reminder that Toronto is evolving, and with that evolution comes both opportunities and hurdles.

The Opportunity to Invest

So, as Toronto welcomes the 942 area code, it's not just about dialing a new number. It's about embracing the city's growth and looking ahead to the changes that come with it. Whether you’re searching for a family home, an investment property, or even a rental opportunity, Toronto’s real estate market is brimming with potential in the long term. The city continues to expand in size, culture, and opportunity.

Looking to uncover Toronto's most exciting properties? Dive into the possibilities at www.mdrn.realestate for listings, market trends, and expert tips to guide your journey!

About Anne Lok, Broker  B. Arch, M.AAD.

Anne is a Toronto-based realtor with an architectural background, specializing in design-forward properties in historically rich neighborhoods. She offers a customized approach for each client, helping buyers find homes that blend timeless charm with modern functionality. Anne also guides sellers in showcasing the unique appeal of their properties and assists investors in identifying opportunities with strong potential for growth.

Your home isn't just a place to live—it's a statement, a showcase, a reflection of your taste and ambition. With the right architectural elements, even the most ordinary space can be transformed into something extraordinary. The secret? Thoughtful design, high-end finishes, and the kind of details that make buyers stop and stare.

Renovations aren’t just about adding square footage—they’re about creating a home that inspires. A well-designed property doesn’t just compete in the market; it dominates. Buyers crave stunning aesthetics, cutting-edge energy efficiency, and smart-home technology, which means investing in bold, visionary upgrades isn’t just a choice—it’s a power move.

Custom millwork cabinetry isn’t just about storage—it’s a sleek, architectural feature that integrates seamlessly into any home. Kitchens are more than places to cook; with modern design elements, they become luxury gathering spaces. Premium plumbing fixtures elevate everyday experiences, while architectural hardware brings sophistication to every door, drawer, and detail. A striking open staircase isn’t just a pathway—it’s a statement piece.

Skylights flood interiors with natural light, creating an atmosphere that feels expansive and alive. Salvaged wood adds character and sustainability, making a home feel rich with history and innovation. Smart home controls put lighting, climate, and security at your fingertips, offering convenience and high-tech appeal. High-performance windows and roofing aren’t just functional; they redefine comfort and efficiency. Thoughtfully designed lighting—from industrial pendants to sculptural chandeliers—transforms any room into a work of art. A professionally landscaped yard isn’t just curb appeal—it’s an extension of your living space, a retreat that’s as striking as it is functional.

With my real estate expertise, I offer pro bono pre-design consultations to help clients reimagine their homes and elevate their value. Whether you're looking for design inspiration or ready to connect with top architects and designers, I’ll help you unlock the potential of your space.

Exceptional architecture doesn’t just create a home—it creates an experience. Ready to craft a masterpiece? Let’s make it happen together!

About Anne Lok, Broker  B. Arch, M.AAD.

Anne is a Toronto-based realtor with an architectural background, specializing in design-forward properties in historically rich neighborhoods. She offers a customized approach for each client, helping buyers find homes that blend timeless charm with modern functionality. Anne also guides sellers in showcasing the unique appeal of their properties and assists investors in identifying opportunities with strong potential for growth.

 

2025 Q1 Quarterly Resale Condo Update

In a snapshot:

• The GTA condo resale market continued to soften in March

• The GTA condo rental market showed signs of stability in March, as demand kept pace with supply and average rents held steady from February. On a year-over-year basis, average rents declined 4.2%. Even so, rents remained 10.4% higher than they were five years ago at the onset of the pandemic in March 2020.

• With the steady flow of new condo units reaching completion, we can expect continued pressure on prices in the resale market due to rising inventory levels. 

• For Investors, it's encouraging to see signs of stability in the rental market, with demand keeping pace with supply and average rents beginning to level out.

• For Buyers, the resale condo market are offering more options and declining prices. Prices are down compared to last year but still higher than in 2020, offering a chance to find better deals. Rising inventory levels might push values down further, so it could be a strategic time to negotiate and explore options.

• For Sellers who are thinking of selling, you will need to price competitively and focus on showcasing unique features to attract buyers in this crowded market.

• For Move-Up Buyers who are looking to upgrade to a bigger or more luxurious unit, this could be a strategic time to act. While your current property may sell for less than peak prices, the declining market means you’re likely to secure a better deal on your next purchase. With more inventory and falling prices, there are plenty of options to explore for your move-up needs.

If you'd like deeper insights, I can create a custom report for your micromarket to provide specific trends and recommendations based on your situation. Let me know if you’re interested!

 

About Anne Lok, Broker  B. Arch, M.AAD.

Anne is a Toronto-based realtor with an architectural background, specializing in design-forward properties in historically rich neighborhoods. She offers a customized approach for each client, helping buyers find homes that blend timeless charm with modern functionality. Anne also guides sellers in showcasing the unique appeal of their properties and assists investors in identifying opportunities with strong potential for growth.