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The Toronto Condo Market This Week (June 5, 2015)

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condo market news piece june 6

Toronto, Vancouver experiencing rental renaissance as appetite for condos wanes

Developers and investors in Toronto increasingly being to set their signs on rental units as sky-high home prices leave home ownership out of reach for many.

GTA's hot housing market: Potential buyers line up days early at sales office

Buyers show up days early at the Fieldgate Homes sales office as the real estate developer offers newly built townhomes starting in the low $600,000 amidst the GTA’s hot housing market.

Toronto House Prices Hit Another Unbelievable Record

Condo prices go up 5.5 per cent over the past year, while the average condo in Toronto costing $422,947. The average price for all homes sold reached $718,530, up approximately 10.1 per cent in a single year.

Petition asks Ontario government to crack down on foreign investment in GTA real estate

An online petition to restrict foreign investment in GTA real estate has gained popularity. It is claimed to protect current Canadian citizens, including recent immigrants, from an increasing amount of foreign investment taking over the GTA’s residential real estate.