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condo buyers News and Articles | My Blog

'Mounting condo inventories' could put downward pressure on Toronto's real estate market: report

8/13/2024 | Posted in Condos For Sale by Paul DeAdder

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Strained affordability amid higher borrowing costs continues to drag down Toronto’s “lethargic” housing market this summer, according to a new report by RBC ... More


Toronto new condo sales plummeted to lowest level since 1997 in first half of year: report

7/18/2024 | Posted in Ontario Real Estate by Paul DeAdder

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New condominium sales plummeted to a 27-year-low during the first six months of 2024 as a “sharp downturn in construction starts” in Toronto continued to impact ... More


Condo boom puts Toronto atop Crane Index ... again

4/13/2020 | Posted in Commercial Real Estate by Paul DeAdder

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The booming Greater Toronto Area has again taken top spot on the North American Crane Index, with the region hosting an astounding 27 per cent of the cranes counted in 14 of ... More


10 first-time homebuyer trends

2/24/2020 | Posted in First Time Home Buyers by Paul DeAdder

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Genworth Canada’s 2019 First-Time Homeownership Study provides a snapshot of the demographics of Canada’s first-time homebuyers (FTBs), what’s motivating them ... More


Toronto condo apartment sales gained at the end of 2019

1/17/2020 | Posted in Toronto Real Estate by Paul DeAdder

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There were 5,367 condominium apartment sales in the Greater Toronto Area in the fourth quarter of 2019.

... More


Tarion adds new protection for condo buyers

11/3/2019 | Posted in Ontario Real Estate by Paul DeAdder

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Ontario home warranty provider will require greater disclosure and information sheets.

... More


Population growth continues to drive Canadian condo market activity

10/10/2019 | Posted in Canadian Housing Market by Paul DeAdder

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Steady demand for lower-cost housing in Toronto, Vancouver, and Montreal has impelled much-intensified condo market activity this fall, if the latest figures from these ... More


GTA condo apartment sales up 3.2% in the second quarter

7/29/2019 | Posted in GTA Real Estate by Paul DeAdder

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The market for condo apartments remained strong in the Greater Toronto Area in the second quarter.

... More


Condo prices continue growing the fastest in red-hot Toronto

7/12/2019 | Posted in Toronto Real Estate by Paul DeAdder

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Amid sustained high levels of demand, condos continued to be the fastest appreciating residential property type in the Greater Toronto Area according to a new report.

... More


More mortgage rate cuts could be coming for Canadian homebuyers

6/11/2019 | Posted in Mortgage Interest Rates by Paul DeAdder

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Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast.

... More


Housing demand is stronger than we're told: CIBC

5/15/2019 | Posted in Home Buyers by Paul DeAdder

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Canada needs to be building more homes to meet demand which is greater than official figures suggest.

... More


1 in 10 new Toronto condos are owned by non-Canadian residents

4/16/2019 | Posted in Toronto Real Estate by Paul DeAdder

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A staggering new analysis of foreign-owned residential properties in Canada reveals that at least 10 per cent of all condos built in Toronto between 2016 ... More


Stress test is already obsolete

2/22/2019 | Posted in Mortgages and Real Estate by Paul DeAdder

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The B-20 mandated stress test is already outdated considering current market realities, according to a real estate firm head.

... More


New condo sales in the GTA have slipped back to average levels

2/4/2019 | Posted in GTA Real Estate by Paul DeAdder

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Sales of newly-built condos in the Greater Toronto Area fell back to more normal levels in 2018 following the stellar performance of the previous year.

... More


Why 2019 could be one of Toronto renters' toughest years yet

12/28/2018 | Posted in Canadian Housing Market Predictions by Paul DeAdder

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If you’re looking to rent in Toronto, 2019 is poised to be a challenging year.

... More


Toronto rents up 11% in 2019

12/18/2018 | Posted in Rental Market by Paul DeAdder

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Canadian landlords will be increasing rents in 2019 as strong demand for rental housing continues amid high home prices and tighter mortgage lending rules.

... More


GTA new home sales post best month of 2018 so far

11/28/2018 | Posted in GTA Real Estate by Paul DeAdder

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October brought some positives for the new homes market in the Greater Toronto Area with sales and openings gaining.

... More


Condos remain dominant in GTA new homes market

7/30/2018 | Posted in GTA Real Estate by Paul DeAdder

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The GTA new homes market is still all about condos even as prices rise while single-family home prices ease.

... More


Condo buyers will bear the brunt of Canada-U.S. trade war

7/6/2018 | Posted in New Developments by Paul DeAdder

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Canada's steel tariffs will significantly increase the prices of structural steel products.

... More


Private lending becomes new normal

6/12/2018 | Posted in Home Buyers by Paul DeAdder

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Private lenders have doubled their share of Canadian mortgages since 2015.

... More


Boomers are quietly changing the condo market

5/26/2018 | Posted in Toronto Real Estate by Paul DeAdder

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Move over, millennials - boomers have become a force in Toronto’s luxury condo market

... More


How not to get hammered by rising condo fees

5/17/2018 | Posted in Community by Paul DeAdder

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Condos can be a problem-solver in today’s real estate market. But there’s also a sense of dread associated with condos, specifically with the monthly maintenance ... More


Planned hikes in development charges rile Toronto-area condo industry

5/1/2018 | Posted in GTA Real Estate by Paul DeAdder

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The City of Vaughan and the City of Toronto are among the municipalities considering large increases in their local development charges, which are the taxes that cities collect ... More


Despite weaker sales, GTA condo prices gain 9%

4/17/2018 | Posted in GTA Real Estate by Paul DeAdder

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Sales were down almost 30%, new listings were down 11%, but the measure of GTA condos that was higher in the first quarter of 2018 was the selling price.

... More


Capacity issues revealed in GTA condo report

2/5/2018 | Posted in GTA Real Estate by Paul DeAdder

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Condo developers in Toronto are under extreme pressure to deliver more units as demand continues to escalate.

... More


No brakes on the Toronto condo price train

1/25/2018 | Posted in Toronto Real Estate by Paul DeAdder

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In its latest data release, the Toronto Real Estate Board stated that the average selling price for condominium apartments went up by 17.9% on a year-over-year basis in the ... More


This has happened to GTA condos for the first time since 2015

11/1/2017 | Posted in GTA Real Estate by Paul DeAdder

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The unsold inventory of new condo units in the Greater Toronto Area has increased for the first time since the end of 2015.

... More


Toronto condo prices up 22% since last year

10/25/2017 | Posted in Toronto Real Estate by Paul DeAdder

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Condos in Toronto were selling at 22% more in the third quarter of 2017 compared to a year earlier.

... More


GTA will face tough housing decisions amid intensification

9/5/2017 | Posted in GTA Real Estate by Paul DeAdder

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If you’re in the market for a new home and think you’ll get a better deal if you just wait for prices to come down, you may want to think again.

... More


GTA new condo sales set another quarterly record

8/3/2017 | Posted in GTA Real Estate by Paul DeAdder

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For the second consecutive quarter, new condo apartment sales in the Greater Toronto Area have reached a new high.

... More


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