Should you live in a condo or a house? It’s a question we hear all the time and there is no right or wrong answer; personal preference, lifestyle and practicality all play a role in the decision. There are some very good reasons why a condo might be the right fit for you and that’s […]
Huge growth in new home sales in Toronto
There was huge growth in new home sales in the Greater Toronto Area in June, with a new report showing that the number of sales grew by 59% compared to May 2017, 23% compared to June last year, and 44% compared to the 10-year average. The report, released by the Building Industry and Land Development […]
Career Tips: Selling New Homes and Pre-construction Homes
As Toronto and its surrounding communities continue to grow and intensify, more and more property buyers are now looking towards investing in a brand-new home. That focus shift isn’t just limited to first-time buyers – savvy investors and older buyers looking to downsize are also getting in on the action. As a result, new homes […]
Condo Rents Climbed at Record Pace Last Quarter: Urbanation
GREATER TORONTO – Despite a slowing of rental activity across the GTA, the area’s average condo rent shot up by 11.7 per cent (year-over-year) during the last three months of 2016 – marking the highest rate of increase since the analysts at Urbanation began tracking condo rents in 2011. The GTA’s average condo rent amount […]
CMHC Reports Drop in Foreign-Owned GTA Condos
TORONTO – Although 2016 found the GTA under the microscope for its sky-high real estate prices, new numbers from the Canada Mortgage and Housing Corporation (CMHC) have indicated that foreign ownership of condos may not be a major contributor to “seller’s market” conditions. Based on vacancy research conducted in October and November, the Corporation’s newest […]
New Development to Surround Silos in Toronto’s East Bayfront
TORONTO – Located immediately south of Toronto’s historic Distillery District, the waterfront property at 351-369 Lakeshore Boulevard East will soon receive an ambitious mixed-use overhaul, following the plot’s recent acquisition by the GTA-based builders Great Gulf and Dream. Stretching out across 5.3 acres and 230,245 square feet, the acquired property extends from Lakeshore Boulevard East […]
Project Spotlight: M City Condos
While Mississauga’s downtown core has welcomed many new condo projects in the past couple of years alone, few have exhibited the sheer scale of M City – an ambitious master plan to bring 10 condo towers to the area southwest of Burnhamthorpe Road and Confederation Parkway. Originally unveiled to the media on September 27, the […]
Toronto Condos Luring “Pokemon Go” Fanatics
TORONTO – Even before it was officially made available to Canadians on July 18, Pokemon Go had already become a huge hit in Greater Toronto, with smartphone-wielding “trainers” visible at almost every city corner, park, or landmark. Now, dedicated local fans of the intensely popular augmented-reality app have even created an interactive, crowdsourced map to […]
Canadian Housing Starts Exceed End-of-Summer Expectations
TORONTO – According to new figures from the Canada Mortgage and Housing Corporation (CMHC), nationwide housing starts experienced an unexpected boost last month – fuelled largely by condominium development across the GTA. The CMHC’s report issued October 8, and entitled September 2015 Housing Starts in Canada, reveals that the country’s seasonally adjusted annual rate (SAAR) […]
Q2 Numbers Show Shrinking Condo Inventory in Toronto
TORONTO – According to condominium market research group Urbanation, 2015’s second quarter proved to be a lucrative one for new condo sales in Toronto. The group’s recently-released Q2-2015 market results reveal a full 56 per cent of the 5,737 condominium homes launched during the second quarter were absorbed before it ended, reflecting a two-per-cent increase […]