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Don’t sell your house!

Downsizers cash in – driving the upscale condo market The recent surge in house prices and unexpected gains in home equity are giving baby boomers in some urban areas of Canada the advantage, allowing them to upgrade their lifestyles, instead of making do with less. I want to read the full article. BMO declares Toronto [...]

$1M for a tear down in Greek town?

Demand for downtown Toronto condos heats up For people vying to get into Toronto’s real estate market in January, it seems that patiently waiting for the quintessential three-bedroom house was not part of the plan. I want to read the full article. 13 charts to help you make sense of Canadian real estate craziness in [...]

Trump threatens the Toronto condo market?

‘Trump risk’ hangs over Canadian real estate market The new U.S. administration’s impact on the outlook for the Canadian economy is mixed: Alberta could receive a boost from Mr. Trump’s stance in favour of pipelines, Mr. Mendes notes, but his protectionist impulses could put this country at a disadvantage. I want to read the full [...]

Condo inventory declined by 56%!

How a foreign-buyer tax could make it even harder to find that elusive Toronto rental Low vacancies are already fueling bidding wars over Toronto apartments, and a foreign-buyer tax could make rentals in the city even scarcer — and pricier. Shaun Hildebrand, vice president of Toronto-based condo analytics firm Urbanation, recently described how on BuzzTV. [...]

The Toronto Condo Market This Week – January 20, 2017

Toronto’s hot housing market spills over to condo rentals Toronto’s sizzling housing market is spilling over into the region’s rental market, pushing up rents to new records as tenants fought over a shortage of rental listings. I want to read the full article. Toronto condo buyers feeling the squeeze Last year, sales of condo units [...]

The Toronto Condo Market This Week – January 13, 2017

Even Toronto’s condos may become too costly for first-time buyers In the Greater Toronto Area, where the average price of a detached home is well over a million dollars, condos have represented the final vestige of affordability for many first-time buyers. I want to read the full article. Toronto Surges Ahead to Lead Canadian Luxury [...]

The Toronto Condo Market This Week – January 6, 2017

Condo think-tank Urbanation gives us their 2017 predictions Condos to increase in value, foreign ownership likely to remain modest, says Pauline Lierman. I want to read the full article. 2016 record year for Toronto home sales The Toronto Real Estate Board says the GTA’s average home price soared to $730,472 last month, up 20 per [...]

The Toronto Condo Market This Week – December 16, 2016

Realtors say Canadian home prices will edge lower in 2017 Anticipating higher mortgage rates and fewer first-time buyers next year, the Canadian Real Estate Association (CREA) is adjusting its national housing market forecast for 2017. I want to read the full article. Townhomes offer solution to Toronto real-estate conumdrum Towns offer an affordable solution for [...]

The Toronto Condo Market This Week – December 9, 2016

Frenzied year in GTA housing market comes to a close Last week, a circa-1930 mansion on the edge of a North York ravine arrived on the real estate market with an asking price of $4,999,800. I want to read the full article. Builders flock to high-end rental development In the past two or three years, [...]

The Toronto Condo Market This Week – December 2, 2016

Foreign condo ownership down in Toronto? Former CMHC analyst disagrees, and here’s why The rate of foreign ownership in Toronto’s condo market hasn’t dropped this year like Canada’s national housing agency suggests, one of its former senior analysts argues. I want to read the full article. Toronto condo builders still can’t keep pace with demand [...]

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