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 Condo Price Growth
Toronto Condo owners had large capital gains and about half are in negative cash flow
Toronto Condo owners had large capital gains. Close to 50 per cent of all investors who bought condominiums completed in the Toronto area in 2017 are not making enough rent to cover their carrying costs, despite finding exceptional gains on the value of their properties, a new study reports. Close to 44 per […]
Toronto house prices dip in May, 2017 but tight supply keeps prices up
Toronto region home prices dipped slightly from April to May — down $55,604 on average — but were still 15 per cent higher than May 2016, as the supply of resale house and condo listings rose 43 per cent of the same time over year. The average house price last month was $863,910 — […]
Toronto area home sales drop in May, 2017 after cooling measures
House sales fell 26 per cent in the Toronto region in May, 2017 following the Ontario government’s introduction of a foreign-buyer’s tax as many potential purchasers stepped back and waited to assess the market condotion. In the 30 days after the province of Ontario announced the immediate introduction of a 15 -per-cent foreign-buyer’s excise on […]
Map Shows How Expensive Condo Prices Are Near Subway Lines
If you’re in the market for a new Condo, but don’t want to stay far from the Subway line, Toronto Star has created a map that indicates the average price of condos near the TTC Subways stations. The map shows the average price per square foot you get to purchase a Condo in Toronto. […]
