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The Toronto Condo Market This Week (February 26, 2016)

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condo market news piece february 26

Office, retail real estate sectors settling in for tough 2016

Canada’s real estate industry is bracing for a difficult year as low oil prices, a glut of office and retail supply, and skittish investors drive down demand for commercial space and hamper enthusiasm for new condos.

Shortage of new GTA homes yanks sales down in January

On the heels of the second-best December ever recorded for home sales in the Greater Toronto Area activity slowed in January, but it’s not a sign of waning demand, suggests the Building Industry and Land Development Association (BILD).

Condos vs ECs: Which property type is better for investment?

If you are an impatient homebuyer, then snapping up an Executive Condominium (EC) for investment purposes might not be the smartest choice. A report by OrangeTee Research revealed that ECs significantly underperform condominiums when it comes to return on investment, at least for the first five years.

Are Canadians beginning to pull away from real estate investment?

Not since the days of the financial crisis have Canadians’ sentiments towards investment been this gloomy while attitudes towards real estate prospects are worsening, a Manulife Financial national survey published this week suggests.