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 […]
condo bubble
Toronto home sales decrease in January, 2018, may show return to a normal market
Toronto home sales decrease in January, 2018. The prices appear relatively flat and the house sales were down about 40 per cent over the last two weeks in February, 2018, in the Toronto area compared to the same period in 2017, while condo sales dropped about 30 per cent, said Pasalis, real estate broker. […]
Toronto home prices down more in August, 2017
The Realtors and the Economists are looking at a return to normal in Toronto’s housing market despite a fourth consecutive month-to-month dropped in median residence prices. The Toronto Real Estate Board( TREB) reported that the average cost of a home in August — $732,292 (including all house types and condos) — was still up […]
CMHC says no 1980s style condo bubble in Toronto high-rise condo market
In toronto real estate, Canada Mortgage and Housing Corp. says that there is very limited speculation in the condominium industry in Toronto among builders, a situation unlike the 1980s when the market crashed. In a report out Tuesday, CMHC, the Crown corporation that guides Ottawa on housing policy, noted that 79 per cent of […]
