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3 Predictions on What 2019 Could Have in Store for the Canadian Housing Market

Thursday Nov 08th, 2018

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Toronto Real Estate

As Fall draws to a close and the new year approaches, plenty of industry experts are making predictions about what 2019 will have in store for the Canadian housing market. This year saw housing activity take a major plunge, following the introduction of stricter mortgage qualification rules in January. While sales and prices have warmed up since then, there are still several factors that could rein in the market come 2019. Here are some predictions for what the market might look like in... [read more]

Thinking of Renting a Condo in Toronto? Get Ready to Pay a Record $2,385 a Month

Thursday Nov 08th, 2018

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Toronto Real Estate

Renting a condo in Toronto keeps getting more expensive. The average monthly rent for a condo in the city jumped 7.6% in the third quarter from a year ago to a record high $2,385, according to Urbanation Inc. While the number of new condo rental leases signed grew slightly in the third quarter from last year to 8,186, the market still remains exceptionally tight. Average lease prices in purpose-built rental buildings completed since 2005 in Toronto surged 17% to $3.09 per square foot as... [read more]

Condo Cancellations Risk Crisis of Confidence in Toronto Real Estate

Tuesday Sep 25th, 2018

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Condo Risk

With due respect to the politicians, economists, pundits, journalists, builders, realtors, empty-nesters, first-time buyers, and others who have opined on the fragility of the condo market and whay they perceive will be the cause of its imminent crash... They've got it wrong. But, also a bit right. Let me explain. This market, despite its solid fundamentals, is at a higher degree of risk today than any time in its recent past. If we don't recognize that risk and do something... [read more]

Toronto Condo Prices Could Skyrocket 40%, Predicts Major Developer

Sunday Dec 13th, 2015

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TORONTO CONDO PRICES COULD SKYROCKET 40% Predicts Major Developer A major real estate developer is brushing off fears of a bubble in Toronto's red-hot condo market. "My prediction, and I've been pretty accurate to date, is we are going to have a 30% to 40% increase in values of the condo market in downtown Toronto over the next three to four years," Barry Fenton, CEO of Lanterra Developments, told BNN in an interview on December 3rd. He later clarified he... [read more]

GTA Home Prices Climb 16.8% in June

Monday Jul 11th, 2016

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GTA HOME PRICES CLIMB 16.8% IN JUNE The uphill journey facing would-be-buyers got even steeper in June with home prices climbing by double digits compared to a year ago as supply hit record lows. The average price of a GTA property last month rose by 16.8% to $746,546 according to the Toronto Real Estate Board. As has been the trend, low-rise houses that includes detached, semis and townhomes saw the most significant price gains. The average detached home in the suburban GTA will... [read more]

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