In this special audio edition of The Condo Market This Week (normally a weekly video), Andrew la Fleur breaks down the latest headlines about Toronto real estate and the condo market and what they mean for condo investors. The latest stats from August, the start of hte fall market, interest rates rising and new OFSI [...]
AUGUSTS STATS -August stats for Treb coming out today -Sales will be down, prices still up for condos -Most important: check sales:listing ratio -Also look at 2017 vs. 2015 numbers I want to read the full article. Toronto public schools struggle to keep up with condo boom Serina Manek has been living in Leslieville for [...]
Why You Can't Afford an Apartment in Canada's Biggest Cities As housing prices soar, a chronic shortage of rental units is creating a new market squeeze. I want to read the full article. Prices of bachelor apartment rentals in Toronto are soaring According to Padmapper's real-time rental stats, bachelor apartments have climbed a whopping 15 percent since [...]
Rosenberg: Toronto housing slowdown is good for economy The recent dramatic drop in home sales across the Greater Toronto Area is good for Canada’s economy -- and may show the economy is finally moving away from a dependence on the real estate sector, according to Gluskin Sheff Chief Economist David Rosenberg. I want to read [...]
Average Toronto home price drops $173,000 since April The number of sales in July also fell 40.4 per cent compared to July last year. I want to read the full article. Explosive First Half for GTA New Condo Market A total of 12,138 new condo apartments were sold across the Greater Toronto Area in Q2-2017, [...]
Toronto housing takes sharp turn into buyer’s market By one metric, the Greater Toronto housing market has quickly shifted from a seller’s market to one favouring buyers. I want to read the full article. Now that the Bank of Canada has scratched the interest rate itch, get ready for more Many of the world's central bankers, [...]
Toronto's luxury condo sales surge despite market, Sotheby's International says GTA condo sales over $1M are up 98% from last year, according to Sotheby's International Realty I want to read the full article. Canadian Variable Mortgage Rates Rise for the First Time in Over Seven Years. What’s Next? The Bank of Canada (BoC) raised its [...]
Toronto condo rental market soars on heels of new measures As the housing market in Toronto cools, the rental market is especially hot following the announcement of new provincial housing measures, according to a report from Urbanation Inc. I want to read the full article. Mayor John Tory says $4.8B of federal transit funding is [...]
Experts worry about condo supply shortage The dearth of low-rise housing inventory throughout the GTA is no secret, but a sudden decline in high-rise units has now rendered that market segment lacking as well. I want to read the full article. Canadian universities see surge of international students Canadian universities will welcome unprecedented numbers of [...]
How condo flippers are making a killing in Toronto's hot housing market Inside the Toronto condo building where quick sales are earning investors up to $2,900 a day. I want to read the full article. Toronto condo market heated up in the first quarter, amid new evidence of investor flipping The Greater Toronto Area’s condo [...]