Toronto’s heated condo market looses some steam due to the growing development costs and some of the condo project cancellations. They have produced some caution into Toronto’s hot condo market, and with more project terminations likely yet to come, comments Urbanation, the development research company. Urbanation found that new Toronto condo launch prices went up […]
Toronto Real Estate Posts
Toronto home sales decline, could sign to a return to normal market
Toronto real estate market has seen the effects of a confluence of policies: Ontario’s Fair Housing Policy, including a foreign buyers’ tax aimed at cooling the market; a new mortgage stress test targeted at protecting Canadians from dangerously high household debt levels; and the Bank of Canada’s moves to increase interest rates. The […]
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 […]
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 […]
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 […]