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The Toronto Condo Market this Week – April 29, 2016

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toronto condo market news piece april 29

TO, Vancouver office condos in demand

A growing demand for office condominiums in Toronto and Vancouver is providing opportunities and alternatives for both end-users and investors.

Rent prices among the casualties of hot housing markets

The effects of a red-hot housing market are having a wide-reaching effect in Toronto and Vancouver, where more millennials are delaying homeownership as prices continue to rise.

High house prices prompt some to buy real estate with friends

Experts say an increasing number of first-time homebuyers are contemplating arrangements like Campbell’s as sky-high prices in markets such as Toronto and Vancouver have eroded affordability.

Are homeownership dreams out of reach for millennials?

Shannon Chambers’ advice to anyone looking to get into the Toronto housing market is to start saving early – preferably in your teens – scale down your expectations and brace yourself for bidding wars.