Search
Generic filters
Filter by Categories
All Condos
Ask Andrew
Hi-Rise (West) Inc.
Insights
New Condos by City
Ajax
Aurora
Barrie
Beamsville
Bolton
Bracebridge
Bradford
Brampton
Burlington
Caledon
Calgary
Collingwood
Dundalk
Halton Hills
Hamilton
Kingston
Kitchener
London
Markham
Thornhill
Milton
Mississauga
Cooksville
Port Credit
Square One
Montreal
Napanee
Newmarket
Niagara Falls
Oakville
Oshawa
Ottawa
Pickering
Richmond Hill
Smithville
Stayner
The Blue Mountains
Toronto
Amesbury
Baldwin Village
Bayview Village
Beaches
Bedford Park
Briar Hill
Brockton Village
Cabbagetown
Canary District
Casa Loma
Chinatown
Church & Carlton
Church & Wellesley
Church St. Corridor
Clanton Park
Corktown
Corso Italia
Danforth Village
Davenport
Davisville Village
Distillery District
Don Mills
Downsview
Downtown
East Junction
East York
Eglinton East
Eglinton West
Entertainment District
Eringate
Etobicoke
Fashion District
Financial District
Flemingdon Park
Forest Hill
Garden District
Greektown
Harbourfront
High Park
Kensington Market
King East
King West
Leaside
Leslieville
Liberty Village
Little Italy
Little Portugal
Long Branch
Mimico
Moss Park
Newtonbrook
North York
Oakridge
Old Town
Ottawa
Parkdale
Regent Park
River District
Rosedale
Rustic
Scarborough
St. Clair West
St. James Town
St. Lawrence
Stockyards
Summerhill
Swansea
Tam O'Shanter-Sullivan
The Annex
The Junction
The Kingsway
The Queensway
Victoria Park Village
Wallace Emerson
Waterfront
Weston
Willowdale
Yonge & Bloor
Yonge and College
Yonge and Dundas
Yonge and Eglinton
Yonge and Lawrence
Yonge and Richmond
Yonge and Sheppard
Yonge and St. Clair
Yorkdale
Yorkville
Vaughan
Maple
Thornhill
Waterloo
Whitby
Whitchurch-Stouffville
Whitechurch-Stouffville
New Condos by Deposit
10% Before Occupancy
15% Before Occupany
5% Before Occupancy
New Condos by Developer
Acorn Developments
Adi Development Group
Allegra Homes
Alterra Developments
Altree Developments
Amacon
Amexon Development
Andrin Homes
Angil Development
Aoyuan International
Aragon Properties Ltd
Armour Heights Developments
Artlife Developments
Ashcroft Homes
Aspen Ridge Homes
Balder Corporation
Ballymore Homes
Bazis Inc
Benvenuto Group
Biddington Homes
Blackdoor Development Company
Block Developments
Bloomfield Homes
Branthaven Homes
Briarwood Development Group
Brixen Developments
Broccolini
Brookfield Residential
BSäR
Camrost-Felcorp
Canderel Residential
Capital Developments
Carlyle Communities
Carriage Gate Homes
Carttera Private Equities
Castlebridge Development Group
Castleview Developments
CentreCourt
Centrestone Urban Developments Inc
Centreville Homes
Chestnut Hill Developments
Choice Properties REIT
Choo Communities
Cityscape Development Corporation
Cityzen
Clifton Blake
Collecdev
Concert Properties
Concord Adex
Condoman Developments Inc
Conservatory Group
Constantine Enterprises Inc.
Consulate Development Group
Context
Core Development Group
Cortel Group
Craft Development
Creek Village Inc.
Cresford Developments
Crown Communities
Crystal Homes
Cystal Glen Homes
Daniels
Davpart
DC&F Corp
Devron
Diamante Development
Diamond Kilmer Developments
Diamondcorp
Distrikt Developments
Doornekamp Construction Ltd
Dormer Homes
Downing Street Group
Dundee Kilmer
Eden Oak
Edenshaw
ELAD Canada
EllisDon Capital
Emblem Developments
Empire Communities
Evans Planning Inc
Fernbrook Homes
Fieldgate Urban
Fifth Avenue Homes
First Avenue Properties
First Capital
Flato Developments
Forest Hill Homes
FRAM + Slokker
Freed
G Group Developments
Gairloch
Gary Silverberg
Gemterra Developments Corporation
Genesis Homes
Georgian International
Globizen Developments
Gordon Wells Ltd.
Graywood
Great Gulf
Greatwise Developments
Greenfield Quality Builders
Greenland Group
Greenpark Group
Greenwin
Greybrook Realty
H&W Developments
Harhay Developments
Harlo Capital
Haven Developments
Homes by DeSantis
Hullmark
Hyde Park Homes
Icon Homes
IN8 Developments
Investissement SM Immobilier
JCF Capital
Kaleido Corporation
Kalovida Canada Inc
Kaneff Corporation
KBIJ Corporation
Kingdom Development
KingSett Capital
Kroonenberg Group
Lalu Canada
Lamb Developments
Lancaster Homes
Lanterra
Latch Developments
Laurier Homes
LCH Developments
Les Entreprises QMD
Liberty Development
Liberty Hamlet Inc
Lifestyle Custom Homes
Lifetime Developments
Limen
LJM Developments
Madison Group
Malibu Investments
Manorgate Homes
Marlin Spring Developments
Marydel Homes
Mattamy Homes
Medallion Capital Group
Menkes
Metropia
Metroview
Minto
Mizrahi Developments
MOD Developments
Nascent Developments
New Horizon Development Group
NOCO Development Company
Norstar Group of Companies
North American Development Group
North Drive
North Edge Properties
Northam Realty Advisors
Nova Ridge Development Partners
Old Stonehenge
ONE Properties
One Urban
Options Development
Oxford Properties
Parallax Development Corporation
Patry Inc Developments
Pemberton Group
Phantom
Phelps Homes
Pinnacle International
Platinum Vista
Plaza
Podium Developments
Primont Homes
ProWinko
QuadReal
Queensgate Homes
RAJACan Developments Inc.
ReBuilt Construction
Reids Heritage Homes
Reserve
RioCan
Rise Developments
Riverking Developments
Rosehaven Homes
Rosewater Developments
Rowntree Enterprises
Royalpark Homes
Royalton Homes
Saxon Developments
Scholar Properties Ltd
Sequoia Grove Homes
Seven Numbers Development
Sherwood Homes
Shiplake Properties Limited
Sierra Building Group
SilverCreek Communities
Slate
Solmar Development Group
Solotex Corporation
St. Regis Homes
St. Thomas Developments
State Building Group
Sundance Homes
Sunny Communities
TAS
Tercot Communities
The Remington Group
The Rockport Group
The Rose Corporation
The Sher Corporation
Tiffany Park Homes
Time Group Corp.
Treasure Hill
Tribute Communities
Tricar
Tricon Developments
Tridel
Triumphant Group
Trolleybus Urban Development Inc
Trulife Developments
United Lands
UrbanCapital
Urbane Communities
VANDYK
VanMar Developments
Vermilion Developments
Vintage Park Homes
Wabash Heights Developments Inc
Westbank Corp
Westbank Corp. and Allied Properties
Westdale
Zancor Homes
New Condos by Occupancy Year
2019
2020
2021
2022
2023
2024
TBA
News
Podcast
True Condos Approved
Uncategorized
Videos
Filter by content type
Taxonomy terms

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.

Move over Toronto, Mississauga has its own condo boom

Just west of Toronto, the City of Mississauga is experiencing its own condo boom, with such projects as the Absolute Towers, Pinnacle Grand Park, Limelight, and many more.

Tight Market: TREB Releases Q4 2016 Condo and Rental Reports

Following up on Toronto Real Estate Board’s (TREB) recent release of housing and commercial market figures for December 2016, two new TREB reports are shedding light on condominium and rental housing transactions during the fourth quarter of 2016.

Toronto Real Estate Saw Condo Inventory Decline By 56% In December

The latest report from the Toronto Real Estate Board saw lower prices in December, but more sales and less inventory.

TRANSCRIPT:

Andrew la Fleur: Hey, how’s it going? Andrew here. Just wanted to give you a little update video on what’s happening in the condo market this week. Actually I just came back from a little thing here. Got this pretty cool looking award given to me by Daniels. I don’t know if you can see that. Top Selling Agent 2016, so thank you very much Daniels for that very cool and artistic real piece of art. Even has the signature of the artist there right there. That’s pretty cool. Thank you from Daniels, Daniels of course being one of my favorite builders to work with and bought from them myself many times.

Wanted to talk to you about a few new stories that came out this week. The first one is from the metro. It says “Move over Toronto, Mississauga has its own condo boom.” The buzz is really starting to build for the M-City Condo Project in downtown Mississauga with Rogers. That’s primarily what this article is talking about. Very interesting. They’re saying that 1 bedrooms will be starting from $199,000 perhaps in this building. I’m a little bit skeptical of that price. I think there’s got to be some sort of a catch. Probably it’s going to be at $199,000 for a condo in that location in a building like this, it’s got to be a very, very small one bedroom. Maybe it has no balcony. Maybe it’s facing a wall or something like that, so don’t get your hopes up too much that you’re going to have a one bedroom on the 40th floor with a huge balcony and it’s $200,000. That’s probably not going to happen, but it does look like there will be some good value in this building and looking forward to that, but also Daniels has … Speaking of Daniels, Daniels has a project coming up as well this year in downtown Mississauga, so that’s certainly something to watch.

Downtown Mississauga, as I’ve talked about in the past, is experiencing a sort of new condo boom. It’s been quiet there for the past few years. Things have been pretty flat. The market hasn’t been that great, to be honest, but now things are really starting to pick up and it could be a good year to buy into downtown Mississauga once again, so keep an eye on that.

Next article is from Better Dwelling. BetterDwelling.com, looks like it’s a new site with new information and articles about the Toronto real estate market. One to watch, one to keep your eye on, so keep up the great work, folks, whoever is behind that site. It’s looking good. The article here is “Toronto Real Estate Saw Condo Inventory Decline by 56% in December.” 56% decline, so just hearing some incredible stats. Again, the market is so hot. We’ve been talking about this so much, but basically here’s a quote from the article.

“The whole TREB region had only 1,822 active listing, a 35% decline from the month prior, and a whopping 56% decrease from the same time last year.” Again, just incredible what’s happening. There’s just no supply. There’s nothing to buy. If you’re out there looking in the resale market right now, as we’ve got some clients doing, good luck to you. It’s very challenging to find a condo on the market right now, which we never thought we would say just a year or two ago.

One thing I disagree with is the next comment from this article. It says, “It’s hard to see prices moving higher at these levels,” assuming that they’re saying prices have already gone up quite a bit, “but as inventory becomes more scarce the possibility remains.” I would say the possibility is not, it’s not a possibility, it’s a fact. Prices are going to rise significantly in the resale market this year in the resale condo market because there is just nothing to buy. Prices are rising right now as we speak, as I’m recording this video, and they’re going to continue to rise because there’s just no supply and the demand is very strong. That is that article.

The next article is from Urban Toronto. UrbanToronto.ca, terrific resource, talking about “Tight Market, TREB Releases Q4 2016 Condo and Rental Reports,” talking about the latest stats from TREB for the last quarter of the year, and again, the story’s very consistent across the board. No matter what stats you look at, who you’re talking to, Urbanation, Altus, RealNet, TREB, you know, your Aunt Nancy. Whoever you’re talking to about stats on the condo market it’s the same story and that is that prices are rising quickly and the market’s very hot and there’s no supply.

Here’s a quote from the TREB president: “Gone are the days when we were concerned about a potential glut in inventory in the condominium apartment market. The supply concerns that have been top-of-mind for ground-oriented home types are also now a reality for the condo market segment,” so again this story’s consistent. We’ve seen this shortage of supply in the low-rise housing market for so, so long, and now we’re also seeing it in the condo market as well. Supply is a real issue. It’s definitely an issue if you’re looking to buy, it’s a challenge. If you’re looking to invest, it’s a great time to invest because you’re seeing your property appreciate overnight at the current pace that we’re in right now.

The last article that I want to highlight to you this week is from BuzzBuzzHome, so BuzzBuzzHome, great friend of the show as well and of True Condos. “How a Foreign Buyer Tax could make it even harder to find that elusive Toronto rental,” so talking about the rental market and how potentially if a foreign buyer tax similar to Vancouver came here. We have Shaun Hildebrand, our friend from Urbanation talking to BuzzBuzzHome and he says, “If there is a foreign buyer tax implemented in Toronto, it’s going to impact confidence. If condo investors and foreign buyers hold back on buying new units, inevitably yes, it’s going to restrict the inflow of new rental units into the marketplace,” so it’s a hypothetical question he was posed with, but basically saying if there was a foreign buyer tax or something that were to slow the market down in some way like Vancouver, what would happen with the rental market?

Again, it’s building that story that we’ve been seeing a long time basically saying that the rental market also is so strong, the resale market, the new condo market, and the rental markets are so strong, if there were anything to restrict new supply of condos coming onto the market further, then it would just create even more demand for rentals. It would put upward pressure even more so on rental prices and again, all this is good news if you are a condo investor, if you own condo today or if you’re planning on buying a condo this year. The future rental market is looking very good. If the condo market as a whole ever slowed down, if less condos were being built, you still have people coming to the GTA every year, more and more of them. Everyone needs a place to live, so condo rental prices just keep going up.

Okay, there you have it. That’s just this little video I wanted to shoot for this week. Thanks for watching and have a great week.

Tags