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How Are Toronto Condo Residents Faring With Airbnb?

Tuesday Dec 03rd, 2019

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Toronto Condo Rentals

It’s no surprise that a recent report from Fairbnb, a national coalition of condo residents, affordable housing advocates, and union workers, has reported a 30 percent growth in Airbnb listings in the waterfront communities; a whopping 3,443 listings in December 2018 as compared to 2,644 the year before. The report also attributed 72 per cent of Airbnb’s revenue in Toronto to “ghost hotels”, which are Airbnb condo units run by hosts who have listed two or... [read more]

The Future of Toronto Condo Market in The Next Five Years

Friday Oct 04th, 2019

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Toronto Condo Team

Toronto's condominium market has been a ride in the last decade. The trends in the condominium market have witnessed great highs which have drastically changed the face of real estate in the city. It was in the year 2009 when forecasts predicted that approximately 4,000 new condo sales would take place in the Greater Toronto Area alone. In fact, the first quarter of the year itself witnessed almost 1,000 sales. This showed the prediction to be quite accurate. However, the market... [read more]

Condo in Toronto prices Reach an All-time High — while Vancouver prices Plummet Down

Wednesday Sep 04th, 2019

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Toronto Condos

Maybe its not the right time to bid adieu to your condo after all. After having been bombarded with D-day forecasts about the imminent downfall of the condo market, the prices continue to reach unprecedented heights in the Greater Toronto Area, having risen up more than 9% in the last year. A study by real estate firm Royal Lepage released today, reports that in the last year alone, the median price per square foot of condos in the Greater Toronto Area soared up by 9.1% to reach $743. The... [read more]

Yet another Toronto Church Being Transformed into a Condo Development

Wednesday Aug 07th, 2019

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Toronto Condos For Sale

Could you live in a church in Toronto? Well, kind of. Swept up in the condo frenzy, the city has been taking historical churches and converting them into livable condo developments. If you were looking for something more than a cookie-cutter Toronto condo for sale, here’s something to get your attention. Yet another church conversion has been planned in Toronto, according to a development application filed with the city on Wednesday. Established in 1906, St.... [read more]

Are Boomers transforming the Toronto condo market with a Bevy of Unprecedented Luxuries?

Tuesday Jun 11th, 2019

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Toronto Condos Baby Boomers

Condos are no longer construed as mere starter homes. While the condo market was once dominated by starting out professionals in their twenties, on the first step of the real estate staircase, we have recently witnessed a wave of baby boomers stocking them for their golden years, escalating the demand for turnkey, ostentatious developments that can appeal to their exuberant taste. Royal LePage conducted a survey of 1000 Canadians baby boomers in 2018, which revealed that more than half... [read more]

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