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]

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]

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]

BUH-BYE TO THE ONTARIO MUNICIPAL BOARD. HOW WILL IT AFFECT THE MARKET? Sarah Niedoba, BuzzBuzzNews Image courtesty of: Carlos Osorio After years of controversy, Ontario's quasi-judicial development proposal appeal body has called it quits. Whether or not that's a good thing for the Ontario housing market depends on who you ask.  On April 3rd, the Ontario Municipal Board (OMB) officially became the Local Planning Appeal Tribunal (LPAT), a transition that will bring a... [read more]

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]