The condo market is on the rise across in Canada as people look to improve their quality of life, downsize, and access affordable housing in desirable locations. You can take advantage of this movement through clever investments in key locations, generating reliable rental income and building equity in a way that’s more affordable, less time consuming, and easier to manage than other real estate...

Choosing whether to rent or sell your condo can be a tough decision. While renting your condominium provides you with a solid source of ongoing income, it can also deprive you of a much larger source of capital. Like many things in life, the decision you make should be based on timing, with renting a great option when you need to ride out weak market conditions. If you do it right, renting your condo...

Finding the Perfect Investment Condo There are lots of things to consider when you're hunting for the perfect investment condo. Not only do you need to find a great suite in a fantastic location, but you also need to be aware of the needs and expectations of the market both now and in the future. With a seemingly non-existent price ceiling in today’s condo market, intense competition and difficulty...

Buying a condo as an investment is very different to buying one as a home. While you still have to think about specific lifestyle factors such as location, community and amenities, you also have to analyze taxation, equity growth, rental income, closing costs, rules and by-laws. Once these hurdles have been overcome, however, condos offer a number of advantages over other real estate investments. Benefits...

Sales of new condos jumped to a near-record in the Toronto region in the second quarter of 2019 amid lower borrowing costs, with most growth coming outside of the city core. Sales surged 77% to 8,902 units from the same period last year, according to market research firm Urbanation Inc. That’s the second-highest level on record for the quarter, following the market peak of 11,413 pre-sales in the...

Toronto Real Estate Board reported 7,825 sales through TREB's MLS® System in September 2019. This result represented strong year-over-year sales growth of 22 per cent compared to 6,414 sales reported in September 2018. It is important to note, however, that sales remain well-below the record September 2016 peak of more than 9,800 sales. On a preliminary seasonally adjusted basis, the September 2019...

Toronto is booming with new residential condo towers filling the horizon as far as the eye can see. Anyone and everyone is talking about their hottest and latest condo purchase, and smart investment decisions. Is putting your fortune up in the sky really the smartest decision? We are here to tell you all the REASONS WHY YOU SHOULDN'T BE BUYING PRE-CONSTRUCTION CONDOS.    1. Value...

What is now one of Toronto’s most expensive neighbourhoods was once a hot spot for youth looking to rebel and create a lifestyle of their own. Yorkville was “where the discipline of parents, the strain of formal education and the hypocrisies of an adult world are discussed, chewed, rebelled against,” Toronto Star reporter Wendy Darroch wrote in 1966. “It is here they can meet on common ground. They...

Toronto New Condo Prices Rise, While Detached Losses Get Bigger Greater Toronto new home sales are picking up, but buyers are mixed on prices. Altus Group data shows new home sales across Greater Toronto made a double digit climb in July. Even with the rise in sales, trade volumes are still light this year. Prices followed with a mixed move – condo prices accelerating gains, and detached prices...

If you’ve followed Toronto’s new condominium market over the past 10 years, it’s been quite a ride. At the start of 2009, it was all doom and gloom, as the U.S. housing market crash and global contagion had the Toronto development industry players holding their breath. Forecasts called for 4,000 new condo sales in the Greater Toronto Area (GTA) that year, and with 930 sales in the first quarter,...