The Toronto Condo Market This Week – April 22, 2016

Brace for GTA rents that are rising faster than condo prices: report

Would-be homebuyers who have already been priced out of the Greater Toronto Area’s white-hot real estate market may be feeling the pinch when apartment hunting, too, a new report suggests.

Average new GTA house tops $1M for first time

The dream of a new detached house with a yard just passed the million-dollar mark in the Toronto area widening the gap between a starter condo and a place with a little more space.

Chinese buyers showed more interest in Toronto real estate last year than every BC market combined

Foreign ownership — and Chinese buyers, in particular — may be a subject of reports and a recent impassioned public meeting in Vancouver, but by miles the Toronto market is capturing the attention of overseas investors at a higher level than any other Canadian city, a new report suggests.

Canadian home sales in March 2016 set new record while Toronto, Vancouver activity dips

More homes changed hands in Canada last month than in any other March on record even as activity inched down in Greater Vancouver and the Greater Toronto Area, according to the Canadian Real Estate Association (CREA).