condo market update Archives

65,000 vacant homes in Toronto: Do we have a problem?

April 3, 2017 / by Andrew la Fleur / News, Videos

https://alafleur.wistia.com/medias/yfp6v36gq4 Province stripping Tarion of builder-regulator role Citing ‘conflict of interest’ concerns, the Ontario government will create a standalone home builder regulator separate from the warranty provider. I want to read the full article. Toronto, province eye vacancy tax on unoccupied homes and rentals An empty residence tax might curb property speculation and open up [...]

Condo inventory declined by 56%!

January 31, 2017 / by Andrew la Fleur / News, Videos

https://alafleur.wistia.com/medias/r0nv8zhf5z# 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 [...]

Don’t sell your house!

February 21, 2017 / by Andrew la Fleur / News, Videos

https://alafleur.wistia.com/medias/013yiu7l7f Downsizers cash in – driving the upscale condo market The recent surge in house prices and unexpected gains in home equity are giving baby boomers in some urban areas of Canada the advantage, allowing them to upgrade their lifestyles, instead of making do with less. I want to read the full article. BMO declares [...]

Trump threatens the Toronto condo market?

February 6, 2017 / by Andrew la Fleur / News, Videos

https://alafleur.wistia.com/medias/rkaoz8fjfr ‘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 [...]

The Toronto Condo Market This Week – January 20, 2017

January 23, 2017 / by Andrew la Fleur / News

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 [...]

The Toronto Condo Market This Week – January 13, 2017

January 13, 2017 / by Andrew la Fleur / News

Even Toronto’s condos may become too costly for first-time buyers In the Greater Toronto Area, where the average price of a detached home is well over a million dollars, condos have represented the final vestige of affordability for many first-time buyers. I want to read the full article. Toronto Surges Ahead to Lead Canadian Luxury [...]

The Toronto Condo Market This Week – December 9, 2016

December 12, 2016 / by Andrew la Fleur / News

Frenzied year in GTA housing market comes to a close Last week, a circa-1930 mansion on the edge of a North York ravine arrived on the real estate market with an asking price of $4,999,800. I want to read the full article. Builders flock to high-end rental development In the past two or three years, [...]

The Toronto Condo Market This Week – December 2, 2016

December 5, 2016 / by Andrew la Fleur / News

Foreign condo ownership down in Toronto? Former CMHC analyst disagrees, and here’s why The rate of foreign ownership in Toronto’s condo market hasn’t dropped this year like Canada’s national housing agency suggests, one of its former senior analysts argues. I want to read the full article. Toronto condo builders still can’t keep pace with demand [...]

The Toronto Condo Market This Week – November 25, 2016

November 25, 2016 / by Andrew la Fleur / News

Toronto condo builders still can’t keep pace with demand With Vancouver’s real estate market in retreat, industry pundits are wondering how long the Toronto market’s strength will persevere. I want to read the full article. Toronto Condo Inventory Disappearing Over 60% Faster Than Last Year Toronto condos logged another solid month of gains, with inventory [...]

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