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The Toronto Condo Market This Week (April 8, 2016)

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toronto condo market news piece april 8

Foreign buyers flocking to Toronto’s downtown condo market

The number of foreign investors in the Toronto region’s condo market surged 50 per cent last year, with international buyers flocking to newly built units in the downtown core.

Will townhomes rule Toronto?

As we’ve noted before in this space, the price gap between GTA condominium apartments and fully-detached homes is widening, making it difficult for first-time buyers to get into the market.

Condo investment sector remains stable – CMHC

The latest study by the Canada Mortgage and Housing Corp. uncovered that the condo investment sector remained stable in the first quarter of 2016, amid record-breaking transaction volumes in the country’s most active markets during the same period.

Condo investors in Canada’s hottest markets snapping up multiple units

A rising share of condo investors in Canada’s hottest housing markets are snapping up multiple units in hopes of capitalizing on rising prices and lucrative rental income.