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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 [...]

The Toronto Condo Market This Week – November 25, 2016

Toronto condo builders still can’t keep pace with demand With Vancouver’s real estate market in retreat, industry pundits are wondering how long the Toronto market’s strength will persevere. I want to read the full article. Toronto Condo Inventory Disappearing Over 60% Faster Than Last Year Toronto condos logged another solid month of gains, with inventory [...]

The Toronto Condo Market This Week – November 18, 2016

Luxury Living: Toronto’s condo builders are catering to increasingly sophisticated buyers “Luxury is giving the homeowner something beyond their expectations,” says developer Sam Mizrahi, president of Mizrahi Developments, who has spent the past nine years building grand spaces for well-heeled clients. I want to read the full article. Renting a condo in the downtown core [...]

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