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The Toronto Condo Market this Week (May 29, 2015)

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toronto condo market news piece may 29

Ontario condo owners to get cheaper way to resolve disputes

The Ontario government plans to pursue the largest overhaul in condo legislation proposed in 16 years. Starting at $1 per month per condo unit, condo owners will be protected from bad boards and unexpected financial problems within their buildings.

It’s high times in a hot Toronto real estate market

Plenty of high-rise options available for those shopping in the luxury condo market. Aura’s Penthouse Collection is available as the tallest residential tower in Canada.

Purpose-built rental trend in the offing

With rental demand at an all time high in the City of Toronto, purpose-built rental buildings are beginning to pop up in the city’s most sought after neighbourhoods.

Wealthy Toronto residents don't want neighbours with sub-million-dollar condos

A group of Toronto residents calling themselves the Density Creep Neighbourhood Alliance, are concerned about a planned mid-rise development in their neighbourhood congesting the streets while lowering the value of their current homes.

How Real Estate Has Changed in Toronto and the GTA between 2000 and 2015

One of the biggest changes in the Toronto real estate industry has been the increase in luxury living. While real estate prices have consistently gone up each year, condo prices have increased exponentially since 2000.