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Toronto’s Condo Market Continues To Defy Odds

Toronto’s Condo Market Continues To Defy Odds

There’s no denying that Toronto’s housing market is slumping badly. In the span of four months, average home prices have dropped by roughly 20 percent. In April, a Toronto home sold for $920,761 — August data from the Toronto Real Estate Board show an average selling price of $732,292. But strangely enough, condominium prices haven’t […]

The 10 Most Anticipated Condo Developments In Toronto

The 10 Most Anticipated Condo Developments In Toronto

Toronto has a lot of exciting condo developments in the works, many of which will make significant contributions to the public realm as they eventually arrive on the scene. Whether on account of architecture, public space, or new retail options, the best of the city’s new condos will leave a lasting mark. Here are the picks […]

Condo Market Strong, Inventory Remains Low

Condo Market Strong, Inventory Remains Low

The Greater Toronto Area’s condo market saw record quarterly sales as inventory plummeted in the first quarter, some of it clearly linked to investors looking to profit from units quickly. Urbanation Inc., a condo research firm, said Wednesday there were 9,932 new condo apartments sales across the the GTA over the first 90 days of […]

Market Stats – December 2016

Market Stats – December 2016

“The strongest annual rate of sales growth in 2016 was experienced for condominium apartments followed by detached homes. A relatively strong regional economy, low unemployment and very low borrowing costs kept the demand for ownership housing strong in the GTA, as the region’s population continued to grow in 2016.” TREB

Is Vaughan Ready For A Condo Boom?

Is Vaughan Ready For A Condo Boom?

The CN Tower defines Toronto’s skyline. Roller-coasters define Vaughan’s. For now, anyway. One real estate developer is hoping to build condo towers, stretching 51- and 53-storeys tall, in an area that will soon be the city’s downtown core. Other new buildings are already springing up in the same area — dubbed the Vaughan Metropolitan Centre […]

Ontario Courts: Condos Can Ban Airbnb’s

Ontario Courts: Condos Can Ban Airbnb’s

In a ruling that could have wider implications, an Ontario court has said that condominium corporations have the authority to ban unit owners from renting out their properties on services such as Airbnb or Expedia. In a 14-page decision released Thursday, Justice Robert Beaudoin of the Ontario Superior Court ruled that the owners of an […]