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How to Buy a Toronto Condo in 2018: New Rules + Tips

How to Buy a Toronto Condo in 2018: New Rules + Tips

Whether you’re a first-time buyer or a seasoned investor, there are new rules in 2018 that you will want to understand if you plan to buy a condo in Toronto . In this blog post we are going to explain the new rules and give you some tips to navigate them.

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2017 Toronto Condo Market in Review

2017 Toronto Condo Market in Review

Looking back over the last twelve months, 2017 is likely to be remembered in the history of Canadian real estate. We really haven’t seen anything like it in a long time. Shocking price growth combined with media frenzy and gover...

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What You Want to Know About Electric Vehicle Charging in Condos

What You Want to Know About Electric Vehicle Charging in Condos

Since September, the province of Ontario has started rolling out changes to the Condominium Act after a lengthy review of issues from condo boards and owners. Looking ahead to more changes in the new year, the issue of electric-ve...

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Federal Court Rules TREB to Release Housing Market Data

Federal Court Rules TREB to Release Housing Market Data

The Federal Court of Appeal has ruled in favour of the Competition Bureau against the Toronto Real Estate Board in the long-standing struggle over the public release of TREB’s housing market sales data. With today’s ruling, re...

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These Are the Features Condo Dwellers Want

These Are the Features Condo Dwellers Want

What features do condo dwellers want? That is a question every builder should be asking, but it might also be a question condo dwellers are asking themselves. If you are going to live in a condo in Toronto, what features do you wa...

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Urban Dwellers Are Dissatisfied with Housing Options

Urban Dwellers Are Dissatisfied with Housing Options

“If we are bold and ambitious we can build a city that could be an example for many other cities in the world.” – Gil Penalosa, founder of 8 80 Cities. Is it safe to say that condo living is now the norm in Toronto? Acc...

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This Shady Listing Strategy is Borderline False Advertising

This Shady Listing Strategy is Borderline False Advertising

There was a recent condo listing in the Queen West neighbourhood that caught our attention. You may have seen it. You may have called your Condo Pro in hopes of learning more and placing an offer. But it’s doubtful you won the b...

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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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How Your Buying Power May Change Under New Mortgage Stress Test

How Your Buying Power May Change Under New Mortgage Stress Test

Stricter mortgage regulations are coming January 1, 2018. It’s time to think about what that means for you. Back in October of 2016, the federal government implemented new mortgage rules, endearingly known as “stress tests”,...

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Toronto Condos that Allow Short-Term Rentals Like Airbnb

Toronto Condos that Allow Short-Term Rentals Like Airbnb

To help clear up the question of who allows short-term rentals and who doesn’t, we have compiled a list of known Toronto condos that ALLOW short-term rentals like Airbnb. This is not a complete list. These are the buildings we know of currently.

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Pre-Construction Condo Boom Coming this Fall

Pre-Construction Condo Boom Coming this Fall

Hold on to your butts! The Toronto condo market is about to be hit by a tidal wave of pre-construction launches. Never before have we seen this many new developments launching in such a short span of time. Across the city, from Water’s Edge in Etobicoke t

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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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New Landlord and Tenant Rules Now Apply

New Landlord and Tenant Rules Now Apply

The rules of the game have changed. As of September 1, 2017, landlords must follow stricter rules when it comes to evicting a tenant, or else face up to $25,000 in fines. These changes are part of the Ontario government’s new Fa...

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We Need to Keep Talking About Urban Planning in Toronto

We Need to Keep Talking About Urban Planning in Toronto

It looks like as we say goodbye to August, we also say goodbye to Toronto’s chief city planner, Jennifer Keesmaat. As of September 29, Keesmaat will be stepping down from her role at City Hall to pursue other interests and spend...

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The Insane Rental Market Could Bring Back Buyers

The Insane Rental Market Could Bring Back Buyers

“What's going on with the rental market? There is nothing to rent. Everything is either leased or has 3 offers . . . or super expensive!!!” “Went in with $150 over asking with extra months up front. Married couple. What mor...

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Re-Thinking Pre-Construction Investment in Toronto Real Estate

Re-Thinking Pre-Construction Investment in Toronto Real Estate

Month by month, the Toronto condo market has been absorbing the displaced demand for resale freehold houses, pushing buyers from one marketplace to the next. As affordability shifts, have pre-construction opportunities become the new entry-point into Toro

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Toronto is a Buyers' Market, But Where Are All the Buyers?

Toronto is a Buyers' Market, But Where Are All the Buyers?

Early last week, the media made the call that Toronto has become a buyers’ market. The monthly sales-to-new listings ratio for real estate in June fell below 40%, which basically means buyers have more choice right now among a l...

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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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Why Vancouver Condo Prices Are Going Up and Up

Why Vancouver Condo Prices Are Going Up and Up

It seems that every day the Vancouver condo market is seeing new record breaking prices, making it harder for buyers and more uncertain for sellers. But what is causing these surprising sale prices for condos in Vancouver? Well, a...

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Urban Planning and Development at Toronto of the Future

Urban Planning and Development at Toronto of the Future

This past Monday, Condos.ca attended the Toronto of the Future showcase at the Metro Centre on King Street West. It was an event that brought together global architectural firms, developers, and Toronto’s city-planners, and we...

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Toronto real estate market slowdown won't last long

Toronto real estate market slowdown won't last long

Everyone’s talking about the Toronto real estate market slowdown, evident in the spring sales numbers, but we’re not worried. This is what happens when the government gets involved. It’s practically clockwork.Over the last f...

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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 Affordability is Not Two-Sided

Toronto Condo Market Affordability is Not Two-Sided

The market for Toronto condos is slowing down in some areas, but it’s still highly active in others. Just this week, a downtown listing at Theatre Park had around 40 offers and sold for $200k over asking. Another unit at the Eas...

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Condo Pro Advice on Downsizing Your Home

Condo Pro Advice on Downsizing Your Home

As spring rains give way to summer sun, a feeling of change is in the air. For older homeowners, that change may be bigger than breaking out the summer wardrobe. It might be time to downsize your lifestyle, sell that family home, ...

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Condo Living on the Danforth

Condo Living on the Danforth

Last week the Toronto Star published a story about our alternative TTC map that revealed local condo values around Toronto’s subway stations. In the article, Carl Langschmidt noted the Danforth as a great Toronto neighbourhood t...

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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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Fair Housing Plan Will Help and Hurt Toronto Condo Market

Fair Housing Plan Will Help and Hurt Toronto Condo Market

Well, we got what we asked for and maybe a bit more than we wanted. Last week, the Ontario government introduced its Fair Housing Plan, a list of 16 measures that should help cool the housing market. With benefits and drawbacks on...

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Five Must-See Luxury Condos in Toronto

Five Must-See Luxury Condos in Toronto

The Condos.ca Downtown Condo PSF Ranking* presents . . . Five Must-See Luxury Condos in Toronto As the real estate spring season takes off, we thought we'd showcase some of the most expensive condos in Toronto. There ar...

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Toronto Foreign Investor Tax is a Fairness Tax

Toronto Foreign Investor Tax is a Fairness Tax

After sharing Carl’s post two weeks ago, in which he called for a foreign investor tax and new regulations, we got a great response from our readers sending in their thoughts on the issue. We also had some spirited comments on t...

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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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Are Rental Guarantee Programs a Smart Choice for Investors?

Are Rental Guarantee Programs a Smart Choice for Investors?

What are rental guarantee programs? A rental guarantee program is a form of investor insurance that guarantees rental income on an investor’s property regardless of tenancy. The program typically guarantees a property for a...

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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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The Downside of For-Sale-By-Owner Listings

The Downside of For-Sale-By-Owner Listings

In the wake of new consumer-direct services and technology, the real estate industry is seeing a rise in For-Sale-By-Owner (FSBO) transactions. FSBO (pronounced Fizz-Bow) is a common ‘Do-It-Yourself’ practice that removes the ...

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In A Seller's Market, Buy Before You Sell Your Condo

In A Seller's Market, Buy Before You Sell Your Condo

The astounding rate at which Toronto condo prices have risen should have anyone who bought a condo four or five years ago jumping for joy today. Condos.ca PSF Index shows that since February last year an average 800 sqft condo ha...

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How to Handle Bully Bids in Toronto's Condo Market

How to Handle Bully Bids in Toronto's Condo Market

In the Toronto condo market playground, do you have to be a bully to win the bid?With notably low inventory in Toronto’s freehold housing market and the average price up above $1 million in December 2016, more and more people ar...

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Finding Family-Friendly Condos in Toronto

Finding Family-Friendly Condos in Toronto

One-third of Toronto parents are raising their young families in a condo or apartment. With the lack of affordability in Toronto’s free-hold housing market, condos are becoming a much more desirable entry-point for first-time bu...

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Six Tips for Buying Condos on Assignment Sales

Six Tips for Buying Condos on Assignment Sales

During your search for condos in Toronto, you might come across something called an assignment sale. Condo Pro Abby Yen has offered up some helpful tips about how to navigate an assignment sale, but first let’s explain what it means to buy a condo on assi

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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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Should You Sell Your Condo in Spring or Winter?

Should You Sell Your Condo in Spring or Winter?

As we start our way into 2017 and finally come out of our Holiday hangovers, we would like to touch on a subject which often has divided opinions, whether to list your property in the winter or wait it out until the spring? When i...

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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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Legal Advice For Buying a Condo with a Partner or Friends

Legal Advice For Buying a Condo with a Partner or Friends

Young professionals may be putting off marriage and children in favour of more dream driven lifestyles, but for many young people the financial value of real estate investment remains a central part of the plan.The difference toda...

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The Real World of Short-Term Condo Rentals

The Real World of Short-Term Condo Rentals

A big issue that has been rocking the Toronto condo scene over the last year is short-term rentals, particularly the use of home-sharing sites like Airbnb.With the news in October that New York City had fought a legal battle with ...

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5 Tips About Student Condo Investment

5 Tips About Student Condo Investment

If you went to university or college, you can probably remember the amount of money you spent on living expenses over those four or five years. Whether paid to your school’s housing facility or handed over each month to a landlo...

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Your Guide to Luxury Condos in Toronto

Your Guide to Luxury Condos in Toronto

The decision to buy a luxury condo in Toronto comes down to a question of lifestyle. How do you want to live? Obviously, it’s not for everybody. The people who will buy luxury condos are careful, smart investors who want a very ...

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