Foreign Buyer Ban Canada 2022 How does it impact the Toronto housing market? Toronto Condo Team covers the Canada Foreign Buyer Ban 2022 and everything you need to know about its impact on the Toronto Real Estate Market.  The Government of Canada has taken a positive step to make homes more easily available for Canadians, introducing the Prohibition on the Purchase of Residential Property by Non-Canadians Act. This law prohibits non-citizens and any companies they could potentially... [read more]

After the initial stages of the pandemic, there was a noticeable rebound in the market for detached, semi-detached, and townhomes in the Greater Toronto Area. However, the market for condominium apartments was a little bit slower to adjust, but it finally did so in 2021. According to consumer polling, towards the end of 2020, first-time buyer activity was beginning to improve, especially in the City of Toronto. As a result, the condominium market saw an increase in listings and prices... [read more]

For many people, owning a property in Toronto has become a distant dream due to exorbitant prices that continue to set new records in 2021. While the pace of price growth comes slightly down from time to time, home prices will mostly continue on the upward trend. Combined with the fact that the median income in the city has failed to keep up with mounting house prices, it is quite impossible for most people to think about home ownership. From low-interest rates, to the proliferation of foreign... [read more]

According to a recent report released by the Toronto Regional Real Estate Board (TRREB), things are looking out to be quite promising for the Greater Toronto Area (GTA) real estate market in 2021. In addition to selling prices forecasted to break the $1 million record, sales across all market segments are projected to hit the ceiling this year. It is amazing to see that the pandemic hasn’t wreaked havoc on the overall demand of property around the GTA region. In the Infographic below, we... [read more]

Toronto's sizzling real estate and housing market continue to ramp up despite the world facing the aftermath of a global pandemic. The prices of properties are rising, especially in the luxury Toronto condos sector, as multi-million dollar listings continued to sell throughout the region. The condo sector is interestingly evolving. Here is a list of eight Toronto luxury condos and lofts sold for over $2 Million at the start of 2021 itself. These condos are worth the price and feature... [read more]