Monthly Archives: April 2018

Month: April 2018 Analysis of condo investors in Toronto, a new study reveals

  What are the characteristics of the new pre-construction condo buyers in Toronto’s property market? These buyers buy out the most and best condo units in the condo building towers during the pre-sales period from the hundred of new condo builders across Toronto area.   Close to 50 per cent (50%) of the mortgages then rent their condo units to the existing large pool of available renters by leasing their units. An acute shortage of available apartment rental units is existing in the Toronto area for more than ten (10) years.  The vacancy rate of rental apartments in the Toronto

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Month: April 2018 GTA home sales declined 40 per cent in March, 2018 compared to March, 2017

  GTA home sales declined 40% in March, 2018 in 12 months from March, 2017 and the average price also declined by 14 per cent, according to the latest Toronto Real Estate Board report.   TREB reported 7,228 residential transactions in March, 2018 in the GTA, a large decrease from the record 11,954 sales reported in March 2017. The monthly figure of march, 2018 is down 17.6 per cent compared to average March sales for the previous 10 years.   The real estate market in the GTA is in retreat mode following detached  house prices increase by almost by one

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Month: April 2018 Toronto Condo owners made large capital gains and almost half in negative cash flow

  Toronto Condo owners made large capital gains. Close to 50 per cent of all investors who bought condominiums completed in the Toronto area in 2017 are not making enough rent to cover their carrying costs, despite finding exceptional gains on the value of their properties, a new study reports.   Close to 44 per cent of investors who took possession of new units in 2017 were in negative cash flow — that is their rental income was lower than the amount needed to cover their mortgage payments and condominium fees, according to the study by CIBC and Urbanation, a

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