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]

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]

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]

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]

Are you thinking about buying Toronto condos before it's built? The good news is that condos are a wise investment whether you plan to live in them or want to rent them out. However, simply owning a condo does not provide you with any financial benefits, and it can even become a liability. The majority of investors prefer pre-construction condos. Getting in on the ground floor of a new development is an exciting option, especially when you have a say in the development and... [read more]