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The Toronto Condo Market This Week – November 4, 2016

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Buying a condo? Be aware of monthly fees and repair costs

Brock Penner has heard all of the knocks against condo living: the small space, monthly maintenance fees and extra levies, neighbour noise and various rules and bylaws that don’t apply when owning a house.

Toronto buyers are fueling a hot market one analyst expects to eclipse the $300,000 average by 2018

You can chalk that up partly to Toronto’s red-hot real estate market rubbing off on the London-St. Thomas area, says a housing analyst who expects the local price to break the $300,000 threshold by 2018.

What's really driving Toronto's red-hot real estate market

Ontario Premier Kathleen Wynne is signalling she won’t follow British Columbia’s lead and slap a tax on foreign buyers of residential real estate in the Toronto area.

GTA condo units still within reach for first-time buyers

In the Greater Toronto Area, where a detached house now runs buyers over $1 million on average, high-rise condo units are still an affordable option in the pricey market, says the region’s real estate board.

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