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The Toronto Condo Market This Week (July 10, 2015)

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condo market news piece july 10

CPPIB buys 60% stake in Toronto rental property, entering Canada’s multi-family real estate market

The Canada Pension Plan Investment Board made its first direct investment in Canadian multi-family real estate on Monday with the purchase of a 60 per cent interest in Minto High Park Village in Toronto.

Toronto condo market ‘on fire’ as sales surge

So much for a bust. The country’s largest condominium market has seen a historic surge in the number of new condos completed and ready for sale this year, raising concerns about the potential for a sharp drop in prices in Toronto.

Interest rate cut may send housing market further ‘off the charts’

Odds have grown dramatically in recent weeks the country’s central bank will again slash its key, trend-setting interest rate when it makes its latest policy announcement a week from today.

Common areas of condos subject to privacy rights, top Ontario court rules

Residents of condominiums have a reasonable expectation of privacy in the common areas of their buildings, Ontario’s top court ruled Tuesday.

Canada's luxury home market running hot and cold, Sotheby's says

Canada’s luxury home market is either hot or cold — depending on where you live. While luxury real estate is going gangbusters in the markets of Toronto and Vancouver, million-dollar home sales in Calgary are crumbling under this year’s unexpected drop in oil prices.