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Pharrell Williams is collaborating with developers on a new Toronto condo project

Wednesday Nov 6th, 2019

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Toronto Real Estate

Grammy award-winning artist, songwriter and producer Pharrell Williams is collaborating with developers on a new midtown Toronto condominium project. Westdale Properties and Reserve Properties launched the marketing for their two-tower residential development, called untitled., today during a press event in Yonge-Dundas Square. Williams, who introduced the project via video on the screens across the public square, partnered with the developers on the design and creative elements of the... [read more]

GTA new condo prices just hit a record high

Wednesday Nov 7th, 2018

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Toronto Real Estate

While the rest of the GTA housing market has had a bumpy year, the new condo market has been thriving for months. Last quarter, new condo sales in the area grew 4% year over year, the third highest Q3 sales volume in 10 years, according to a new report from real estate research firm Urbanation. While that's still down 46% from Q3 2018's record 25,839 sales, it's further proof that the market has remained strong despite rising interest rates and stricter mortgage rules imposed... [read more]

GTA new condo prices just hit a record high

Wednesday Nov 7th, 2018

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Toronto Real Estate

While the rest of the GTA housing market has had a bumpy year, the new condo market has been thriving for months. Last quarter, new condo sales in the area grew 4% year over year, the third highest Q3 sales volume in 10 years, according to a new report from real estate research firm Urbanation. While that's still down 46% from Q3 2018's record 25,839 sales, it's further proof that the market has remained strong despite rising interest rates and stricter mortgage rules imposed... [read more]

CRA probes Toronto pre-construction condo flipping cases for tax avoidance

Tuesday Nov 7th, 2017

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CRA PROBES TORONTO PRE-CONSTRUCTION CONDO FLIPPING CASES FOR TAX AVOIDANCE The Canadian Press   Image courtesty of: McIlwaine Canada Revenue Agency is analyzing 2,810 transactions involving cases of pre-construction condominium flipping in Toronto to determine whether audits need to be carried out to find tax evaders.  In the Toronto area in particular, audit work has increased substantially on what are called "assigning sales" or "shadow flipping"... [read more]

People are furious after massive Vaughan condo project cancelled

Thursday Apr 12th, 2018

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PEOPLE ARE FURIOUS AFTER MASSIVE VAUGHAN CONDO PROJECT CANCELLED Lauren O'Neil, blogTO Image courtesty of: Liberty Development Corp. Some 1,100 condo investors were stunned and crushed last week to find out that the pre-construction units they'd already purchased would never actually come to be. Cosmos Condos, a high-profile residential development near the TTC's new Vaughan Metropolitan Centre Station, was scheduled to be completed by 2020 with move-in dates starting... [read more]

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