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Toronto real estate so good that it’s bad

In this podcast version of the condo market news this week Andrew la Fleur talks about how Toronto’s real estate market is so good, it’s bad. Also, what is the one unique factor that no economist seems to be putting in their analysis of Toronto’s real estate market? Finally, have the new mortgage rules that [...]

Why condos are the new Canadian dream

Desperation Sets in for House Hunters in Toronto’s Red-Hot Market Dana Kayali is preparing for battle. Clutching a stack of home ads, the pension fund manager and her fiancee brave a swarm of about 30 people on a recent Saturday and step into the first of four open houses of the day. They’re all searching [...]

Is renting really cheaper than owning?

Market Watch Feb 2017 Stats Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 8,014 residential sales through TREB’s MLS® System in February 2017. I want to read the full article. Sticker shock sets in Thirtysomething buyers confronted with $1-million entry-level homes are left in the lurch I want to [...]

How NOT to increase your rent by $1000 per month

No fixed address: How I became a 32-year-old couch surfer Shannon Martin's rent shot up nearly $1K a month, now she bounces around between family, friends I want to read the full article. Toronto’s housing market may need a Vancouver-style cooling: RBC Toronto may need to consider Vancouver-style measures to address a “dangerous mix” of [...]

Is Toronto in a Housing Bubble?

This week Doug Porter of BMO made headlines across the country when he said that Toronto was in a housing bubble, even going so far as comparing the current market to the late 1980s. There is no denying that the market is hot, but are we really in a “bubble”? And more importantly what do [...]

$1M for a tear down in Greek town?

Demand for downtown Toronto condos heats up For people vying to get into Toronto’s real estate market in January, it seems that patiently waiting for the quintessential three-bedroom house was not part of the plan. I want to read the full article. 13 charts to help you make sense of Canadian real estate craziness in [...]

4 Reasons Why Toronto Condo Prices Will Rise 20% in 2017

When the high profile developer Brad Lamb predicted this week that condo prices would rise by 20% this year, it caused a lot of raised eyebrows and disbelief. By now most people have heard that the condo market is hot, but the “normal” price appreciation rate for condos over the last 5-10 years is about [...]

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 [...]

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