In toronto real estate, the $1 million condo in Toronto ain’t what it used to be. You’d think this benchmark price would get you boast-worthy pad with lots of luxury features and amenities, but some of the listing out there are downright pedestrian, particularly those located in high demand neighbourhoods. Read it and weep, […]
condo bubble
CMHC says there Is no risk of 1980s-style condo bubble in Toronto
In toronto real estate, most Toronto condominium projects do not begin construction until 70 per cent of units are sold, curbing the risk of speculation, CMHC said on Tuesday in a report that suggested overbuilding fears may be overdone. A prolonged Canadian housing market boom, particularly in the two major markets of Toronto and […]
Toronto’s heated condo market looses steam in 1st quarter, 2018
Toronto’s heated condo market looses some steam due to the growing development costs and some of the condo project cancellations. They have produced some caution into Toronto’s hot condo market, and with more project terminations likely yet to come, comments Urbanation, the development research company. Urbanation found that new Toronto condo launch prices went up […]
Toronto home prices drop more in August, 2017
The Toronto Real Estate Board (TREB) reported that the average cost of a home in August — $732,292 (including all house sorts and condos) — was still up 3 per cent or about $20,000 to August, 2016. But that is still down about 20 per cent, or $187,000 lower than April, 2017 when the average […]