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The Toronto Condo Market This Week – April 15, 2016

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condo market news piece toronto april 15

Toronto condo rents jump, driven by higher prices

Rising prices for condominiums in the Greater Toronto Area are pushing rents higher and spurring development, a real estate consulting firm said Thursday.

The ‘oil recession’ might push Toronto and Vancouver home prices even higher — here’s how

Rock-bottom oil prices are squashing momentum in Calgary’s residential real estate market as the Canadian energy sector struggles, but this may end up boosting home prices in Toronto and Vancouver, a Royal LePage report released this morning suggests.

Toronto And Vancouver Condo Markets Show Signs Of Stability

Take Canada Mortgage and Housing Corp.’s latest condo survey, for example, which shows market stability in Toronto and Vancouver amid white noise about hyperactivity and oversupply.

New CMHC graph sheds light on what foreign investors are buying in Toronto condo market

When foreign investors are in the market for a Toronto condo, they are most likely to purchase a unit in a shiny new building — or at least a recently constructed one — suggests new data from Canada Mortgage and Housing Corporation (CMHC).