New Construction Technologies Shaping Toronto’s Condo Market Introduction Toronto's skyline is a testament to the city's dynamic growth, with cranes and construction sites marking the continuous evolution of its urban landscape. As one of the fastest-growing cities in North America, Toronto has seen a significant surge in condo developments. This trend is driven not only by the high demand for housing but also by innovative construction technologies that are... [read more]

Evaluating Condos: 10 Features to Pay Attention to During Your Search When visiting a condo for purchase, it's essential to carefully inspect various features to ensure you are making a well-informed decision. Here are ten key features you should look for during your search: Location When on the hunt for the perfect condo, one of the most critical factors to consider is the location. Think of it as the beating heart of your future home, shaping your daily life and overall... [read more]

Caught up in the throes of a severe housing crisis, Toronto is addressing its accommodation challenges in a somewhat unconventional manner; condos seem to be getting smaller each year and doors and walls are being replaced by glass! I have been sifting through listings recently, and every day, I see a few Toronto condos for rent or sale where glass sliding doors stood where one could expect to see traditional bedroom doors and walls. Seems like this is a ubiquitous configuration in the... [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]