real estate market in the gta

  Do not let the excitement of buying your own condominium distract you from what’s important. Many buyers would plunge into buying a condo without much research. Prior to signing on the dotted lines, here are nine important questions to ask your real estate agent:   1. How much will I pay for my monthly dues and what are they for? There will be monthly dues once you’ve moved into your...

  The number of people that are buying condos in the city has significantly increased over the past couple of years to groundbreaking heights. And while acquiring one in the city and surrounding areas can prove to be a pretty valuable investment in the long run, there are also a couple of pitfalls that could come out of the situation if one doesn't make an informed decision during purchase. In...

2017 has been a turbulent year for the Greater Toronto Area housing market. With the sales on a decline and the prices of detached homes slouching from earlier this year it has been surprising to see the GTA condo market’s unrelenting resilience in the midst of it all.  In fact, many including the market watchers will tell you that it’s a truly surprising turn of events considering all...

Ontario condo owners will soon be subject to a new monthly tax.  While this may sound like a negative development, leaders in the condo industry and experienced condo owners are certain it is not. This revision to Ontario’s Condominium Act, which could cost condo owners as low as a dollar per month, is set to be in place by late 2017. The fee will be used to educate condo owners through various...

  Toronto is considered to have the largest real-estate market in all of Canada. Ending 2016 with record-high sales figures, according to the Toronto Real Estate Board, only solidifies this claim. This is in stark contrast to Vancouver’s market behavior, which slowed down as the year ended. The Real Estate Board of Greater Vancouver reported a decline in sales versus 2015 at 5.6 percent. The...

2010 was an interesting year in the world of new condos, most notably when it comes to new Toronto condo developments, and those in the surrounding  GTA.  According to BILD (The Building Industry and Land Development Association), over 20,000 new condos were sold in 2010, an impressive 30% climb over 2009’s numbers.  A concrete reminder that fewer people are buying houses, and more people...