The growing real estate market in Canada is attracting investors due to various reasons. Be it the ability to charge a premium in terms of rent or the increasing property prices or a shortage of living spaces in Canada, it is surely a lucrative proposition for investors. Then there are the stringent mortgage rules that compel buyers to purchase less expensive condos instead of homes. Although seasoned real estate investors and industry insiders know how to make informed decisions by... [read more]

In recent times, Toronto’s condo market has seen its fair share of limited supply, rising rents, and a detachment from the market. With developers and analysts putting their heads together to predict the market trends of 2019, we are seeing signs that reveal how market could get a bit rough for new renters, builders, and buyers. Affordability poses the biggest problem here. Revised condo Prices are deterring most first-time buyers in Toronto. Preconstruction condos are going over... [read more]

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]

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]

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]