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The Toronto Condo Market This Week (November 13, 2015)

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condo market news piece november 13

Record number of GTA homes sold in October 2015

More than 8,800 homes were sold last month, breaking the record for home sales in the month of October. A monthly report showed that 8,804 homes were sold in October 2015, more than in any other October on record.

Toronto housing market at mounting risk of ‘sharp correction,’ OECD warns

The OECD has issued a long to-do list to Canada’s new government and the provinces: Cool down house prices, act as a group on climate change and cover essential drugs in public health plans.


Condo developers (the better ones anyway) have come around to the idea that their giant masses of concrete and glass needn’t be eyesores and can even contribute to a community’s appeal.