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condo market

Don’t Call it a Comeback: Toronto’s downtown core never went anywhere

Bader Elkhatib Jun 4, 2021

The first quarter of 2020 was an incredible time for development in Toronto. Developers were bullish and prime development land was scarce. Unfortunately, the pandemic swiftly followed, and many developers, equity providers and purchasers…

Real Estate

Q1 GTA Condo Sales Rise: TRREB report

Building Apr 28, 2021

According to the TRREB’s condo report, year-over-year growth in first quarter 2021 condominium apartment sales well outstripped growth in listings over the same period in the Greater Toronto Area (GTA). With market conditions tightening,…

Real Estate

Anticipation of pandemic’s demise fuels resurgence in Toronto condo market

The Canadian Press Feb 3, 2021

When Sajeela Siddiqui planned to buy her first home during a pandemic, she looked to move outside of the Greater Toronto Area like so many others in search of more space. But after seeing a bloated market in cities as far as Waterloo,…

Real Estate

Vancouver housing market posts second best October on record as sales rise 29%

Anita Balakrishnan - The Canadian Press Nov 4, 2020

Vancouver home sales were up 29 per cent compared with a year ago in October, making it the second-best October on record, the Real Estate Board of Greater Vancouver said Tuesday. The board said its agents sold 3,687 homes last month, up…

Real Estate

Condo Apartment Sales Increase in Q2 2019: TREB Report

Building Jul 29, 2019

Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS reported a 3.2 per cent increase in Q2 of 2019, with 7,038 condominium apartment sales through TREB's MLS System. According to the…

Building

Condominium market still ‘a lot better’ than normal in Vancouver suburbs

Laura Kane, THE CANADIAN PRESS Dec 12, 2018

A tempting bright-red advertisement for a new condo development in a Vancouver suburb circulated online this fall, sparking excitement from first-time homebuyers and concern among long-standing real estate observers. The developers of The…

Building

Majority of Montreal condo investors have negative cash flow: CMHC

Linda Nguyen, THE CANADIAN PRESS Dec 4, 2018

A report by Canada Mortgage and Housing Corp. suggests a majority of landlord investors who bought properties in large, high-rise condominium buildings in downtown Montreal are not collecting enough rent to recoup their operating expenses.…

Building

Urbanation report says condo rents in Toronto up 11 per cent from year ago

THE CANADIAN PRESS Apr 12, 2018

A new report suggests the average monthly rent for a condominium in Toronto in the first quarter was up nearly 11 per cent compared with a year ago. Urbanation Inc. says average monthly rates increased to $2,206 based on average unit size…

Building

Pace of Canadian housing starts picks up, six month trend highest in years: CMHC

THE CANADIAN PRESS Dec 8, 2017

Canada Mortgage and Housing Corp. says the pace of housing starts picked up in November, pushing the six-month trend to the highest level in nearly a decade. The Ottawa-based Crown corporation says construction of multiple-unit projects in…

Building

Condo sales surge pushes Montreal area real estate to best November in eight years

Ross Marowits, THE CANADIAN PRESS Dec 7, 2017

The Greater Montreal Real Estate Board says the region set a November record for condominium sales, which helped fuelled a 12 per cent increase in overall residential transactions compared with the same month last year. The number of condo…

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