HOW TALL CAN WE GROW? Yonge & Bloor Condos Break Barriers There's no denying that Toronto is a vertical city. Toronto has the second highest number of high-rises of any North American city and is building new towers faster than any other city in the western hemisphere. With dramatically increasing urban populations, and the commercial and infrastructure requirements that come with that, we need to build up in order to accommodate density. In response, Toronto real estate... [read more]

YORKVILLE REAL ESTATE UPDATE ...By The Numbers Yorkville's resale condo market roared in 2015 with higher prices and more suites sold as compared to a year ago. The average sale price for a Yorkville condo rose to $1,371,728 up 13.4% from last year. The average sold price per square foot also edged higher to $827 from $798 in 2014.  266 Yorkville condo units sold in 2015, an increase of 18% more than in the previous year. It took an average of 56 days on market to sell... [read more]

HOMEBUYERS ASK QUESTIONS AS TORONTO-BASED URBANCORP'S TROUBLES KEEP PILING UP Warped, gray plywood lines Curzon Street in the east end of Toronto. The fence ends at a gate, which is padlocked. Behind the gate rises a neighbourhood of prime three-storey townhomes in black brick, which appear largely complete, with wood railings separating one unit's rooftop terrace from the next. Paper taped in the windows indicates the number of each dwelling: "515", "508",... [read more]

CHINESE INVESTMENT IN CANADIAN REAL ESTATE SET TO INCREASE IN 2016 Chinese investors are getting hungrier for real estate in Canada, where foreign demand has fuelled record price gains and made million-dollar homes the norm in cities such as Toronto and Vancouver. Inquiries for Canadian homes on Juwai.com, a property search engine that lists real estate around the world for Chinese buyers, jumped 134% in the first quarter from a year earlier, according to the Shanghai-based company.... [read more]

BUYER BEWARE! How Some Builders Are Overcharging For Taxes Thousands of purchasers of new condominiums are being overcharged for property taxes. Here's how it works: when a new condominium is ready for occupancy, the buyer gets the keys and can move in - but title will not be transferred for some months. The period between occupancy and the final closing, when title is transferred, is called the "interim occupancy period." During this time, buyers pay the builder a... [read more]