What to do if your pre-construction condo is cancelled

With detached homes being so expensive in Toronto, many are looking towards condos as a more affordable option. But even for condos, demand exceeds supply, including for pre-construction units. Many buyers are enticed by the prospect of a new condo and being the first to live there. But imagine if you purchased a pre-construction condo …

Toronto July Market Report: Tightening Conditions

GTA REALTORS® reported 8,595 sales through TREB’s MLS® System in July 2019, which made sales rise by 24.3 per cent compared to July 2018. According to TREB, sales were up by 5.1 per cent on a month-over-month basis, after preliminary seasonal adjustment. The biggest spike in sales was recorded in semi-detached and detached house segment, …

Toronto June Market Report: More Choices for Buyers

TREB Realtors reported 8,860 sales through TREB’s MLS® System in June 2019 which makes for 10.4 per cent increase in the year-over-year comparison. Detached homes recorded 18.6 per cent increase in June, semi-detached homes landed on a 9.4 per cent and townhouses on a 12 per cent increase. The only decrease in sales was reported …

Save Your Budget with Carson Dunlop Home Care Plan

Purchasing a home, particularly when you’ve gone from renting to owning, can be stressful, especially when it comes to managing a new budget. Added regular expenses of property taxes, mortgage payments, utilities, and insurance alongside unexpected repairs and maintenance on a home can seem overwhelming to a homebuyer. Since homebuyers, particularly those in competitive markets …

Increasing Toronto Population: Is Development Catching Up?

Toronto has undergone a massive transformation in the past 20 years. While it has long held the title of Canada’s largest city, throughout the past two decades Toronto has gone from a moderately sized city, to one of the most important economic hubs and population centres in North America — even overtaking Chicago as the …

The Real Costs of Suburban Living in the GTA

If you think living in the suburbs is cheaper than living downtown, think again. The latest data released by Canada Mortgage and Housing Corporation (CMHC) shows that, in the Greater Toronto Area (GTA), the added costs of commuting usually offset the savings achieved from buying a house in the suburbs surrounding Canada’s biggest city. Homeowners …

Toronto March Market Report: Market Steady in Q1

In March 2018 GTA Realtors reported 7,187 residential sales through TREB’s MLS® System. Curiously, this number is almost identical with sales in March 2018. There were 9.7 per cent fewer transactions in the condominium segment and a 1.9 per cent drop in the semi-detached homes segment. Both detached homes and townhouses were up in sales …

Toronto Office Condos: Theory Condos | 203 College Street

It’s no secret that condos have overtaken Toronto’s cityscape and real estate market. For two decades, the city’s skyline has been dominated by cranes building new condo towers that reflect the growing demand to live within Canada’s most populous city. Historically, most of these towers have been designated for residential use, but that trend is …