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The Toronto Condo Market This Week (August 7, 2015)

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condo market news piece august 7

Number of unsold Toronto condos starting to drop as sales of new units pick up

The number of unsold condominiums across Canada’s largest city dropped 13 per cent in the second quarter from a year ago, according to research firm Urbanation Inc.

Loblaw warehouse to become massive store, condo development

Choice Properties Real Estate Investment Trust and Wittington Properties Limited announced its plans to redevelop the crumbling building, which sits on 3.5 acres of land at the northeast corner of Lakeshore and Bathurst.

Toronto home prices soar (but they ‘won the lottery’ in Vancouver)

Toronto’s raging housing market has been doing business at a pace of more than $6-billion a month since May as sales rise and prices surge, but still has got nothing on Vancouver.

TD expects soft landing for “vulnerable” Toronto and Vancouver housing markets

Despite market activity that has made headlines across the country in the first half of the year, TD Bank’s economics team believes the Toronto and Vancouver markets will see soft landings, not disorderly price crashes.