The Toronto Condo Market this Week – May 22, 2015
LEED certification ups condo resale prices
According to a new TD Economics report, LEED certification can increase the resale price of a Toronto condo anywhere from five to 14 percent. In addition, condos with a “green building status” lowered maintenance fees and days sitting on the market before selling
Busy spring kick-off for brokers
Prices in Toronto’s condo market were up 5.8 per cent to $380,517, and condo sales were up 16.1 percent overall.
Is Canada the New Switzerland? Safe reputation abroad seen driving Toronto’s condo boom
Canada’s continuing reputation as a safe country to live and to bank in drives a consistent condo boom in it’s largest city, Toronto.
Results of CMHC's Survey of Condominium Owners in Toronto and Vancouver
Most condo investors are in the market for the long term and expect to keep their last purchased secondary unit for more than five years. In fact, many have had their last unit for six years or longer.
Immigration will keep Toronto real estate vibrant
Prices will continue to rise in Toronto as long as immigration continues. Canada currently accepts 250,000 permanent residents every year, about a quarter of whom end up in Toronto.
