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Everything You Need to Know About the Upcoming Toronto Empty Homes Tax in 2022

Thursday Sep 2nd, 2021

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Toronto Condos

Toronto may finally be cracking down on real estate speculators who invest in multiple properties and leave them unoccupied, while residents struggle to find affordable housing. On July 15, 2021, Toronto City Council has approved a plan to implement an Empty Homes Tax as of January 1, 2022. While the exact details of the plan will be revealed later this year, the proposed tax is modeled after the “empty homes tax” already implemented in the City of Vancouver. Since 2017, vacant... [read more]

Pre-Construction vs. Resale: Which is a Better Investment?

Saturday Aug 7th, 2021

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Toronto new condos

In a thriving real estate market like Toronto, the average price for a stand-alone family home was just under $930,000 whereas the average price for a condo in Toronto was just over $660,000. For a first-time buyer, investing in a condo means a massive saving of almost $300,000. When purchasing a condo in Toronto, you get two different options: pre-construction and resale. A resale condo is one that is already built and is move in ready. On the other hand, pre-construction condo is one that you... [read more]

5 Most Unusual Condo Developments Proposed For Toronto in 2020

Tuesday Jan 14th, 2020

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Toronto Condos

Toronto is home to some of the most incredible condo buildings in the world with jaw dropping architectural marvels– the epitome of opulent living. It seems as if all developers are in a bid to outdo one another, and 2020 is going to be no different. From what we hear in the Toronto real estate section, it looks as if 2020 is going to be the year of some amazing condo wonders. Of these, the Toronto Condo Team has sifted out 5 development proposals which left us gaping in... [read more]

5 Factors Behind The Sudden Toronto Condo Boom in GTA in 2019!

Wednesday Oct 16th, 2019

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Toronto Condo Team

Everywhere we look across the Toronto skyline, it seems as if a new skyscraper is being erected by the minute. A baffling increase in population, favorable weather, and better career opportunities have driven the growth of condo constructions in Toronto, especially around the GTA region. However, this rapid surge is making us wonder about the sudden boom in Toronto condo market, and the factors affecting it.  Let’s see; even amidst issues such as a decreasing inventory of... [read more]

The Best Condo Developers In The Greater Toronto Area

Friday May 10th, 2019

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Toronto Condos

The real estate market in the Greater Toronto Area has witnessed a prolific rise. There are new and larger condos being developed on a regular basis to provide a luxury lifestyle to the Toronto residents. The area in and around GTA is full of amazing buildings by the different and versatile Toronto condos developers. The development in the GTA is improving the standard of living at a great pace. In the past few decades, a rise has been observed in the number of buyers looking for... [read more]

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