For the month of August, the Toronto Regional Real Estate Board (TRREB) reported the third-best sales performance on record. While the market has taken a break for the summer, it is apparent that demand for home ownership remains robust. At the same time, the number of listings available is decreasing. As a result, market conditions have tightened and buyer rivalry has increased, resulting in double-digit...
The Residential Construction Council of Ontario (RESCON), the non-profit association that represents 200 of Ontario’s residential builders, and the University of Toronto’s Tall Research Group, have just released a new report which details condo development trends in Toronto over the last decade. According to the report, there has been a slowing in the building approval process for condo...
We received a very interesting read from Baker Real Estate outlining just why Toronto is still an ideal city to invest in. It started with the New Home Sales by Product Type. Did you know in 2000, 43% of new home sales went to Detached Homes and 23% to Apartment. Fast forward 12 years to 2012 and 51% of new home sales went to Apartments ie Condos and only 26% to Detached. With 1...
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