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Fall 2018 Toronto Condo Market Update

Fall 2018 Toronto Condo Market Update

Faced with no more long weekends until the December holidays, it's time to roll up the sleeves and seize the opportunities of this fall real estate season. Across most communities and price points, it's clear that we are experienc...

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Summer 2018 Toronto Condo Market Update

Summer 2018 Toronto Condo Market Update

Compared to the sizeable price fluctuations that the Toronto real estate market has been used to since April 2017, we are pleased to see that the Toronto condo market is shaping up for a strong and consistent summer season.

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Spring 2018 Toronto Condo Market Update

Spring 2018 Toronto Condo Market Update

The weather in Toronto might be refusing to accept the arrival of spring, but Toronto real estate is a force of nature all its own. For buyers and especially sellers, the spring real estate season is here! We've used sales data from the month of February

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Debunking the Short-Term Condo Investment Mindset

Debunking the Short-Term Condo Investment Mindset

There is a current trend in the thinking about Toronto condo real estate. A current mindset, if you will. You’ve probably heard it already. You might even believe it yourself. But it’s a way of thinking that we would highly ad...

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Something for Everyone in the Vancouver Condo Market

Something for Everyone in the Vancouver Condo Market

As the first month of 2018 ends, the Vancouver condo market is seeing a continuation of the trends that characterized 2017: a lack of supply in the detached market, and a high demand for lower priced one and two bedroom condos. Bu...

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Vancouver Real Estate Has Split into Two Separate Markets

Vancouver Real Estate Has Split into Two Separate Markets

According to our Vancouver Condo Pros, there is a consensus that the real estate landscape in Vancouver has been divided into two separate markets; one for single-family detached houses and another for condos and townhouses. While...

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What to Expect this Fall from Toronto Condo Real Estate

What to Expect this Fall from Toronto Condo Real Estate

Last week saw a flood of new listings come onto the market, with condo re-sale listings alone increasing 90%. Historically, the fall market shows an influx of new listings and renewed real estate activity, but last week’s sales ...

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Toronto Condo Market Update: June and July

Toronto Condo Market Update: June and July

Two weeks ago we polled our readers with the question: "How do you feel about the Toronto condo market?" Out of 1,000 Toronto Insiders, 40% said that real estate is always up and down and Toronto is no exception. Just under one th...

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What You Need To Know About Ontario Rent Control

What You Need To Know About Ontario Rent Control

Let’s talk about the new Ontario rent control measures and what they will mean for condo owners, landlords, and tenants. It must be said that the impact on landlords is going to be big, but it won’t be as bad as people think.

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Toronto Condo Market Normalizes For Spring Selling Season

Toronto Condo Market Normalizes For Spring Selling Season

One of our Condo Pros recently helped a client sell their Liberty Village condo for around $700,000, a property they had purchased last year for around $500,000. The client moved out to Mississauga where they could afford greater ...

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The Value of Price-per-Square-Foot Analysis

The Value of Price-per-Square-Foot Analysis

Condos.ca looks at Toronto real estate from a big picture perspective. Now buyers, sellers, and investors can view Toronto condos in the same way, using our new Condos.ca PSF Index and Market Report. Here is an example of the Market Report, showing the co

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These new Vancouver condo prices are hard to believe

These new Vancouver condo prices are hard to believe

As we head into April and the spring season starts to take off, the demand for condos in Vancouver is fast out-pacing the supply and the effect on prices is a little hard to believe. While the Real Estate Board of Greater Vancouve...

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Foreign Investor Tax And Regulations PLEASE!

Foreign Investor Tax And Regulations PLEASE!

Hey guys, Carl Langschmidt here, President of Condos.ca. We’ve been hearing from every direction that Toronto condo prices are going crazy and something needs to be done.[caption id="attachment_6260" align="aligncenter" width="5...

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Record Real Estate Prices Make Toronto A World-Class Market

Record Real Estate Prices Make Toronto A World-Class Market

Stop, drop, and roll. The average price-per-square-foot (PSF) for Toronto is up 32.50% since one year ago, with downtown Toronto hitting almost $800/sqft on average.  Following up on our post from two weeks ago that discussed how...

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Crazy Toronto Condo Market Needs Higher Transparency

Crazy Toronto Condo Market Needs Higher Transparency

The Toronto real estate market is out of control. In the last month, the average PSF for the City of Toronto has risen from $592 to $620* based on recent sales. We are seeing final sale prices coming in with a $125k difference bet...

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Toronto Condo Market Update: End of Year 2016

Toronto Condo Market Update: End of Year 2016

After all the record-breaking trends we saw in 2016, it should be no surprise that the year ended with the Toronto condo market outperforming the S&P/TSX Composite Index.* As of December 30, the Condos.ca price-per-square-foot...

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Vancouver Condo Market Looks Bright for 2017

Vancouver Condo Market Looks Bright for 2017

Well, it’s a new year and there’s a new outlook on the horizon for the Vancouver condo market. While there are still some buyers sitting on the fence waiting to see what's going to happen with prices overall, many investors an...

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Reach Your Real Estate Goals in the New Year

Reach Your Real Estate Goals in the New Year

The start of a new year is always a time to take stock of your life, think about your hopes and dreams, and start planning how to get there. Resolutions to reactivate that gym membership, eat healthier, and give yourself more ‘m...

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Toronto Condo Market Update: September 2016

Toronto Condo Market Update: September 2016

With record-breaking sales figures, rising rental prices, and concerns about foreign investment, Q3 2016 was a fascinating time for Toronto’s condo market. The Toronto Real Estate Board (TREB) has released its stats for Septembe...

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Tips to Tackle the Toronto Rental Market

Tips to Tackle the Toronto Rental Market

If you haven’t experienced it, you might not know that finding condos for rent in Toronto can be a bit tricky. Where do you even start to look for available rentals? And when you finally find that perfect place, how do you seal ...

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What's happening in the Vancouver Condo Market

What's happening in the Vancouver Condo Market

Since mid-August, Vancouver’s new foreign-buyer tax has caused a stir of commentary about the future of Canada’s real estate market. If you haven’t heard, the foreign-buyer tax imposes a 15% property transfer tax on all non-...

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Comparing Condo Affordability on a Global Scale

Comparing Condo Affordability on a Global Scale

Real estate in Toronto is certainly a hot topic at the dinner table these days. With stats from BILD and Altus Group showing 1,880 high-rise Toronto condo sales within the month of August 2016 alone, we decided to look at how cond...

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Bridge Financing 101

Bridge Financing 101

In today's hot Toronto condo market, buyers and sellers can be caught homeless for a few weeks (or even a few months) in between properties, i.e. they sell their current condo but it takes longer than expected to find a new home d...

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Toronto Condo Market Update: August 2016

Toronto Condo Market Update: August 2016

Toronto's steamy temperatures over the last few days seem apropos to today's review of the Toronto condo market. The Toronto Real Estate Board (TREB) has released August's sales stats, revealing a red hot summer as we head into wh...

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How To Cool The Toronto Real Estate Market

How To Cool The Toronto Real Estate Market

The most talked-about issue in Canadian real estate this past year has been how to cool the red hot Vancouver and Toronto real estate markets.We touch on this issue frequently in our blog posts but when a reader posed the question...

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July 2016 Toronto Condo Market Update & Buyer Advice

July 2016 Toronto Condo Market Update & Buyer Advice

The Toronto Real Estate Board (TREB) recently released sales results for July. Let's take a look at what's been happening in the GTA condo market, specifically, what TREB is calling a "troubling trend" of growth in demand continui...

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Q2 2016 Toronto Condo Market Report

Q2 2016 Toronto Condo Market Report

The Toronto Real Estate Board (TREB) recently released sales stats for the second quarter of this year. Here's what's happening in the 905 and Toronto condo markets. Toronto Condo Market Flourishing Despite Listings Constrain...

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Condo Mortgage Applicants Facing Stricter Approvals

Condo Mortgage Applicants Facing Stricter Approvals

The Bank of Canada's announcement last month that they're holding the overnight rate at 0.5% (where we've been for nearly a year now) squashed any chatter about additional, potential rate hikes by Canada's largest mortgage lenders...

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Housing Affordability a Key Topic During Trudeau's Visit to Vancouver

Housing Affordability a Key Topic During Trudeau's Visit to Vancouver

I was in Vancouver last week during Justin Trudeau's visit; his car actually pulled up in front of my cab as I was hopping out.While the hottest topic was the $460 million in federal funding for British Columbia transit (provincia...

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Toronto Condo Market Update: May 2016 Results

Toronto Condo Market Update: May 2016 Results

May was another hot month for condos for sale in Toronto with price increases exceeding traditional, annual appreciation rates. It's the 905 market that's the race winner though when it comes to value appreciation trends. While sa...

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Toronto Condos For Rent: Where Are All The Deals?

Toronto Condos For Rent: Where Are All The Deals?

There are more condos in Toronto than ever in our history yet nary a deal to be found. It seems in conflict, doesn't it? More condos being built and sold, more investors active in the market than ever before, yet rents that contin...

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Toronto Condo Rentals, Price Surge or Slump?

Toronto Condo Rentals, Price Surge or Slump?

The state of Toronto's condo rental market again made headlines over the last month as the results of 2016's first quarter trickled in along with more robust 2015 analytics. Yet, despite a consistent picture on paper of skyrocketi...

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Advice for Buyers & Sellers as Toronto Condo Sales Surge in April

Advice for Buyers & Sellers as Toronto Condo Sales Surge in April

It was the hottest April ever recorded in Toronto's history - real estate history, that is. With the spring market starting early this year, critics wondered if the market was front-loaded into the early months of 2016. But the sh...

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How To Buy a Condo in Toronto And Not Lose Your Mind

How To Buy a Condo in Toronto And Not Lose Your Mind

Four months into the craziest Toronto condo market we've ever seen and most Realtors and buyers have realized that the buying tactics that worked a few years ago, fall short in this market.As a buyer, if your search parameters mat...

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Toronto Condo Market Update: March 2016 Results

Toronto Condo Market Update: March 2016 Results

TREB recently posted March’s sales results. It was another record-breaking month year-over-year in terms of sales and prices, although we didn't see a continuation of the staggering price surges we saw in February.As we talked a...

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Toronto Condo Market Surges in February; Buyers, Get The Facts

Toronto Condo Market Surges in February; Buyers, Get The Facts

TREB recently posted February's sales results and, no surprise, it was a record-breaking month. You've probably been hearing that the spring market has started early in Toronto and the surrounding 905 markets and these figures rea...

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The Worst Toronto Condo Advice We've Heard

The Worst Toronto Condo Advice We've Heard

Here at Condos.ca, we like to focus on giving you the best advice possible along with insights into the crazy world of Toronto real estate. But today we're telling you what is - flat out - bad advice. Unfortunately, it's advice we...

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5 Toronto Condos Appreciating Above The Average Detached House

5 Toronto Condos Appreciating Above The Average Detached House

In today's hot Toronto real estate market, too many condo buyers are focusing solely on affordability and comfort in the here and now. Frustrated buyers are pushing investment potential down to a third or fourth priority because t...

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Toronto Condo Market Update & Advice For First Time Buyers

Toronto Condo Market Update & Advice For First Time Buyers

Coming off of 2015's record-breaking real estate streak, it's no surprise that both sales and price growth in January were very strong against all property types, in both Toronto and the 905.Here's a January snapshot from the Toro...

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Our Top Five 2016 Toronto Condo Market Predictions

Our Top Five 2016 Toronto Condo Market Predictions

We reviewed the final 2015 GTA market results last week and it was a record-breaking year for property sales. It seems this hot market streak is not ending soon and knowing how to navigate the market in 2016 is critical for both b...

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2015 Record-Breaking Year For GTA Real Estate

2015 Record-Breaking Year For GTA Real Estate

The results are in from the Toronto Real Estate Board (TREB) and, as we knew would be the case by this time last month, 2015 smashed all previous sales records in the GTA.The second best December ever recorded brought 2015 to a cl...

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Buying a Toronto Condo in 2016: New Down Payment Rules

Buying a Toronto Condo in 2016: New Down Payment Rules

In a media announcement last Friday, the Federal Government announced new legislation for down payments on Canadian real estate purchases. The new mortgage rules apply to properties over $500,000 where the minimum down payment wil...

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November 2015 Toronto Condo Market Report

November 2015 Toronto Condo Market Report

November’s sales results are in from TREB and (we feel like a broken record here) it’s been another record-breaking month for Toronto real estate; a 14% increase over November 2014. In fact, even without December sales factore...

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October 2015 Toronto Condo Market + Buyer Advice

October 2015 Toronto Condo Market + Buyer Advice

October's sales results are in from TREB and it's been another record-breaking month for Toronto real estate. The Toronto condo market is still going strong, reporting substantial growth both in sales volume and price increases ac...

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2015 Toronto Condo Market: Third Quarter Results

2015 Toronto Condo Market: Third Quarter Results

The 2015 Toronto condo market Q3 results are in from the Toronto Real Estate Board and it's really more of the same that we've been seeing all year.Jason Mercer, TREB's Director of Market Analysis, says:"...through the first three...

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Toronto Condo Market Update: September 2015

Toronto Condo Market Update: September 2015

The Toronto Real Estate Board recently released September's sales results:Here's what you need to know about the Toronto condo market as we move through the busy fall season. Toronto Condo Market Continues to Rise Above Tradi...

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Toronto Condo Market Update: Condo Sales Rise Further In August

Toronto Condo Market Update: Condo Sales Rise Further In August

It seems every Toronto real estate news headline this summer is a play off of summer heat and how hot the Toronto condo market has been. And so it's no surprise that we've finished off a record-breaking summer on a high note.Here'...

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Pre-Construction Toronto Condo Market Thriving But Should Buyers Beware?

Pre-Construction Toronto Condo Market Thriving But Should Buyers Beware?

So, this was supposed to be the year of the big Toronto condo crash, right? All of those new construction condos reaching occupancy and more new pre-con condos hitting the market than ever in our history, creating a surplus of hou...

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