The Toronto Condo Market This Week (October 16, 2015)

There were 26 apartment buildings under construction in the Toronto area in the third quarter of the year, containing more than 6,500 rental units, according to a new report by real estate market research firm Urbanation Inc.

Toronto is experiencing a rental renaissance with the number of new apartment units under construction hitting a 25-year high this year.

Real estate search website Point2 Homes compiled a list of the 10 most expensive one-bedroom condos in the city. Most of them are in the downtown core, spread among Yorkville, The Annex, and the Bay Street corridor.

Skyrocketing home prices in Vancouver and Toronto are pushing affordability to the brink for many potential buyers, and one of Canada’s largest realtors warns the problem is only growing.