'Mounting condo inventories' could put downward pressure on Toronto's real estate market: report

8/13/2024 | Posted in Condos For Sale by Jessi Sandhu

Strained affordability amid higher borrowing costs continues to drag down Toronto’s “lethargic” housing market this summer, according to a new report by RBC ... More

Tags: Condo Buyers, Condo Living, Condo Market, Condo Prices Toronto, GTA Condo Market, Toronto Condo Market, Toronto Condo Oversupply

Toronto new condo sales plummeted to lowest level since 1997 in first half of year: report

7/18/2024 | Posted in Ontario Real Estate by Jessi Sandhu

New condominium sales plummeted to a 27-year-low during the first six months of 2024 as a “sharp downturn in construction starts” in Toronto continued to impact ... More

Tags: Condo Buyers, Condo Living, GTA Condo Market, New Condos, Toronto Condo Market

Condo boom puts Toronto atop Crane Index ... again

4/13/2020 | Posted in Commercial Real Estate by Jessi Sandhu

The booming Greater Toronto Area has again taken top spot on the North American Crane Index, with the region hosting an astounding 27 per cent of the cranes counted in 14 of the ... More

Tags: Condo Buyers, GTA Condo Market, Immigration, New Condos, Preconstruction Condo Sales, Real Estate Investors

10 first-time homebuyer trends

2/24/2020 | Posted in First Time Home Buyers by Jessi Sandhu

Genworth Canada’s 2019 First-Time Homeownership Study provides a snapshot of the demographics of Canada’s first-time homebuyers (FTBs), what’s motivating them ... More

Tags: Condo Buyers, First Time Home Buyers, Immigration, Mortgages & Real Estate

Toronto condo apartment sales gained at the end of 2019

1/17/2020 | Posted in Toronto Real Estate by Jessi Sandhu

There were 5,367 condominium apartment sales in the Greater Toronto Area in the fourth quarter of 2019. ... More

Tags: Condo Buyers, Condo Living, Condo Prices Toronto, Condo Sales Toronto, GTA Condo Market, Toronto Condo Market

Tarion adds new protection for condo buyers

11/3/2019 | Posted in Ontario Real Estate by Jessi Sandhu

Ontario home warranty provider will require greater disclosure and information sheets. ... More

Tags: Condo Buyers, Condo Living, New Developments, Ontario Real Estate News, Preconstruction Condo Sales, Tarion

Population growth continues to drive Canadian condo market activity

10/10/2019 | Posted in Canadian Housing Market by Jessi Sandhu

Steady demand for lower-cost housing in Toronto, Vancouver, and Montreal has impelled much-intensified condo market activity this fall, if the latest figures from these ... More

Tags: Condo Buyers, Condo Living, Condo Market, Condo Prices Toronto, Toronto Condo Market

GTA condo apartment sales up 3.2% in the second quarter

7/29/2019 | Posted in GTA Real Estate by Jessi Sandhu

The market for condo apartments remained strong in the Greater Toronto Area in the second quarter. ... More

Tags: Condo Buyers, Condo Living, Condo Market, Condo Owners, Condo Prices Toronto, Condo Rental, Condo Sales Toronto, GTA Condo Market, Toronto Condo Market

Condo prices continue growing the fastest in red-hot Toronto

7/12/2019 | Posted in Toronto Real Estate by Jessi Sandhu

Amid sustained high levels of demand, condos continued to be the fastest appreciating residential property type in the Greater Toronto Area according to a new report. ... More

Tags: Condo Buyers, Condo Living, Condo Market, Condo Prices Toronto, Condo Sales Toronto, GTA Condo Market, Toronto Condo Market

More mortgage rate cuts could be coming for Canadian homebuyers

6/11/2019 | Posted in Mortgage Interest Rates by Jessi Sandhu

Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast. ... More

Tags: Condo Buyers, Fixed Rate Mortgages, Home Buyers, Mortgage Consumers, Mortgage Market, Mortgage Rates, Mortgage Rates Canada, Mortgage Renewals, Mortgage Trends, Mortgages & Real Estate, Variable Rate Mortgages

Housing demand is stronger than we're told: CIBC

5/15/2019 | Posted in Home Buyers by Jessi Sandhu

Canada needs to be building more homes to meet demand which is greater than official figures suggest. ... More

Tags: Canadian Housing Market, Condo Buyers, First Time Home Buyers, Home Buyers, Housing Demand

1 in 10 new Toronto condos are owned by non-Canadian residents

4/16/2019 | Posted in Toronto Real Estate by Jessi Sandhu

A staggering new analysis of foreign-owned residential properties in Canada reveals that at least 10 per cent of all condos built in Toronto between 2016 and ... More

Tags: Condo Buyers, Condo Market, Condo Owners, Condo Prices Toronto, Condo Sales Toronto, Foreign Buyers, Foreign Investors, GTA Condo Market, New Condos, Preconstruction Condo Sales, Toronto Condo Market, Toronto Real Estate

Stress test is already obsolete

2/22/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

The B-20 mandated stress test is already outdated considering current market realities, according to a real estate firm head. ... More

Tags: Condo Buyers, First Time Home Buyers, Home Buyers, Mortgage Consumers, Mortgage Trends, Mortgages & Real Estate, Stress Test

New condo sales in the GTA have slipped back to average levels

2/4/2019 | Posted in GTA Real Estate by Jessi Sandhu

Sales of newly-built condos in the Greater Toronto Area fell back to more normal levels in 2018 following the stellar performance of the previous year. ... More

Tags: Condo Buyers, Condo Living, Condo Market, Condo Prices Toronto, Condo Sales Toronto, GTA Condo Market, New Condos, Preconstruction Condo Sales, Toronto Condo Market

Why 2019 could be one of Toronto renters' toughest years yet

12/28/2018 | Posted in Canadian Housing Market Predictions by Jessi Sandhu

If you’re looking to rent in Toronto, 2019 is poised to be a challenging year. ... More

Tags: Canada Real Estate, Canadian Housing Market, Condo Buyers, Home Buyers, Real Estate Trends, Rental Market, Toronto Rental Market

Toronto rents up 11% in 2019

12/18/2018 | Posted in Rental Market by Jessi Sandhu

Canadian landlords will be increasing rents in 2019 as strong demand for rental housing continues amid high home prices and tighter mortgage lending rules. ... More

Tags: Condo Buyers, Condo Rental, Home Buyers, Property Rental, Real Estate Investors, Toronto Rental Market

GTA new home sales post best month of 2018 so far

11/28/2018 | Posted in GTA Real Estate by Jessi Sandhu

October brought some positives for the new homes market in the Greater Toronto Area with sales and openings gaining. ... More

Tags: BILD, Condo Buyers, GTA News, Home Buyers, New Condos, New Developments, New Homes

Condos remain dominant in GTA new homes market

7/30/2018 | Posted in GTA Real Estate by Jessi Sandhu

The GTA new homes market is still all about condos even as prices rise while single-family home prices ease. ... More

Tags: Condo Buyers, GTA, GTA Condo Market, Home Buyers, New Condos, New Homes

Condo buyers will bear the brunt of Canada-U.S. trade war

7/6/2018 | Posted in New Developments by Jessi Sandhu

Canada's steel tariffs will significantly increase the prices of structural steel products. ... More

Tags: Condo Buyers, Condo Market, Condo Prices Toronto, Condos, New Condos, Toronto Condo Market

Private lending becomes new normal

6/12/2018 | Posted in Home Buyers by Jessi Sandhu

Private lenders have doubled their share of Canadian mortgages since 2015. ... More

Tags: Condo Buyers, First Time Home Buyers, Home Buyers, Mortgage Trends, Mortgages & Real Estate, Private Lenders, Uninsured Mortgages

Boomers are quietly changing the condo market

5/26/2018 | Posted in Toronto Real Estate by Jessi Sandhu

Move over, millennials - boomers have become a force in Toronto’s luxury condo market ... More

Tags: Condo Buyers, Condo Market, Condo Sales Toronto, GTA Condo Market, Luxury Condos, Toronto Condo Market, Toronto Real Estate

How not to get hammered by rising condo fees

5/17/2018 | Posted in Community by Jessi Sandhu

Condos can be a problem-solver in today’s real estate market. But there’s also a sense of dread associated with condos, specifically with the monthly maintenance fees ... More

Tags: Condo Buyers, Condo Fees, Condo Living, Condo Owners, Condos, Cost of Living

Planned hikes in development charges rile Toronto-area condo industry

5/1/2018 | Posted in GTA Real Estate by Jessi Sandhu

The City of Vaughan and the City of Toronto are among the municipalities considering large increases in their local development charges, which are the taxes that cities collect on ... More

Tags: Condo Buyers, Condo Prices Toronto, GTA Condo Market, New Condos, Toronto, Toronto Condo Market, Vaughan

Despite weaker sales, GTA condo prices gain 9%

4/17/2018 | Posted in GTA Real Estate by Jessi Sandhu

Sales were down almost 30%, new listings were down 11%, but the measure of GTA condos that was higher in the first quarter of 2018 was the selling price. ... More

Tags: Condo Buyers, Condo Prices Toronto, Condo Sales Toronto, GTA Condo Market, GTA Real Estate Market, Market Conditions, Toronto Condo Market

Capacity issues revealed in GTA condo report

2/5/2018 | Posted in GTA Real Estate by Jessi Sandhu

Condo developers in Toronto are under extreme pressure to deliver more units as demand continues to escalate. ... More

Tags: Condo Buyers, Condo Market, Condo Prices Toronto, Condo Sales Toronto, GTA, GTA Condo Market, GTA Real Estate Market, New Condos, Preconstruction Condo Sales, Toronto

No brakes on the Toronto condo price train

1/25/2018 | Posted in Toronto Real Estate by Jessi Sandhu

In its latest data release, the Toronto Real Estate Board stated that the average selling price for condominium apartments went up by 17.9% on a year-over-year basis in the fourth ... More

Tags: Condo Buyers, Condo Market, Condo Prices Toronto, Condo Sales Toronto, GTA Real Estate Market, Toronto Real Estate

This has happened to GTA condos for the first time since 2015

11/1/2017 | Posted in GTA Real Estate by Jessi Sandhu

The unsold inventory of new condo units in the Greater Toronto Area has increased for the first time since the end of 2015. ... More

Tags: Condo Buyers, Condo Market, Condo Prices Toronto, Condo Sales Toronto, GTA, Preconstruction Condo Sales

Toronto condo prices up 22% since last year

10/25/2017 | Posted in Toronto Real Estate by Jessi Sandhu

Condos in Toronto were selling at 22% more in the third quarter of 2017 compared to a year earlier. ... More

Tags: Condo Buyers, Condo Market, Condo Prices Toronto, Condo Sales Toronto, Toronto Residential

GTA will face tough housing decisions amid intensification

9/5/2017 | Posted in GTA Real Estate by Jessi Sandhu

If you’re in the market for a new home and think you’ll get a better deal if you just wait for prices to come down, you may want to think again. ... More

Tags: Condo Buyers, GTA Real Estate Market, Home Buyers

GTA new condo sales set another quarterly record

8/3/2017 | Posted in GTA Real Estate by Jessi Sandhu

For the second consecutive quarter, new condo apartment sales in the Greater Toronto Area have reached a new high. ... More

Tags: Condo Buyers, Condo Market, Condo Prices Toronto, Condo Sales Toronto, Condos, GTA, GTA Real Estate Market, New Condos