The Toronto Condo Market This Week (June 19, 2015)
Vintage buildings in high demand for condo buyers young and old
Vintage buildings draw attention and remain in high demand for young and old buyers looking to downsize into condos with more square footage and larger floor plans.
Gap between Toronto condos and low-rise homes jumps a record $100,000 from a year ago
The average price of a new high-rise condominium was $440,463, relatively unchanged from a year ago. However, the gap between the average new high-rise and low-rise home jumped $100,000 from a year ago and now sits at a record $343,492.
Experts calling for more data on foreign investment in Canadian real estate
There is scant data available on how many foreign investors are snatching up Canadian homes, and experts say the knowledge gap needs to be filled if policy makers hope to maintain the stability of the country’s real estate market.
Are condos being built smart enough?
Not only could enhanced building performance translate into sustainable buildings that could one day produce as much energy as they use, but it means condo residents could also benefit from lower fees and better resale value.