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

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condo market news piece oct 16

Construction of new Toronto apartments hits 25-year high

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 experiencing a rental renaissance, new report shows

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

If you had $1 million, you could buy a one-bedroom condo in Toronto

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.

Affordability at risk in Canada’s hottest housing markets

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.