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]

Luxury home sales in Toronto climbed in the first 11 months of 2019 and, with momentum continuing to build in the market as the year winds down, the outlook for 2020 is looking more and more promising. Much like the rest of the city and surrounding region's housing market, luxury real estate took a big dip in market activity in 2018 after a spectacular - though ultimately unsustainable - 2017 performance. This year started slow, but activity has crept higher in recent months led by... [read more]

CONDO OF THE MONTH A Yorkville Pied-a-Terre in Yorkville's 21 Scollard Street Address: 21 Scollard Street, Suite 104 Neighbourhood: Yorkville List Price: $499,000 The Place: A professionally designed pied-a-terre on the first floor of a low-rise building next to the Four Seasons Hotel & Private Residences. The History: A landscape architect and his designer partner bought this one-bedroom a couple years ago, not to live in, but as a place to... [read more]