The Toronto Condo Market This Week (August 14, 2015)

Toronto housing market faces high risk of correction, CMHC warns

Toronto’s housing market faces a high risk of a correction as soaring home prices have outstripped income growth even as the city is facing a rising supply of unsold condos, Canada’s federal housing agency warned.

Rental Woes: Prices Jump, Vacancy Shrinks For Vancouver, Toronto

After a trying search, Jacob Butula has finally found a place to rent in Vancouver. But the apartment on the top floor of a house is far from ideal. Only a sheet separates his room from the living room that he will soon share with three roommates.

Housing starts dip, but Toronto on pace to beat 2014

The estimate of homes that will be constructed in 2015 has dipped slightly, but analysts say Toronto is still on pace to build more homes this year than last.

Urbanation: After first quarter dip, GTA new condo sales surge 11 per cent in Q2

New condo sales in the GTA rose 11 per cent in the second quarter of 2015 over the same period last year, according to a report published today by Urbanation.

GTA home sales post fourth consecutive record breaking month in July

July marked another record breaking month for the GTA housing market with the region’s realtors reporting 9,880 sales through the Toronto Real Estate Board’s (TREB) MLS System. The sales total amounted to an eight per cent increase over July 2014.