Condo prices could skyrocket…

Toronto condo prices could skyrocket 40 percent, predicts major developer A major real estate developer is brushing off fears of a bubble in Toronto’s red-hot condo market. “My prediction, and I’ve been pretty accurate to date, is we are going to have a 30-to-40% increase in values of the condo market in downtown Toronto over the […]

House prices surge 10% in March

Toronto house prices surge 10% in March; no relief in sight Detached homes in the City of Toronto see a stunning 15.9% jump in price. A total of 8,940 properties switched hands across the GTA in March, with peak trading months just around the corner. House prices shot up 10% in March over a year ago […]

More condos are coming on the market..

A record number of condos were completed in Greater Toronto in January (10,368), a whopping eight times more than the average of the past decade. Construction delays had builders playing catch up with the record number of multiple-unit dwellings started in 2012 (37,406 versus the past-decade norm of around 25,000 and last year’s 20,099). That, in […]

$700M Daniels’ project

$700M project at site of old Guvernment nightclub set to transform the Toronto waterfront The Daniels Corporation unveiled its plans for the Guvernment footprint on Thursday — a whopping $700-million development that includes two mid-rise commercial towers, two sky-high residential ones and post-secondary academic space. Dubbed the “City of the Arts,” it has already secured as tenants […]

Toronto prices could climb 17% by 2017..

Slumping oil, improving U.S. economy should benefit Ontario real estate, economist predicts Toronto’s record house prices could soar a further 17 per cent by the end of 2017 as the lack of supply in the face of unrelenting demand continues to drive prices far beyond the rate of inflation, says the chief economist of Central […]

Big surge in micro condos in Toronto..

Units under 500 square feet target young professionals who want to live in the core. The appeal of so-called shoebox condos — no larger than the size of two average living rooms — will face its first real test in Canada this year, with an influx of the compact homes set to hit the country’s […]

Condo projects cancelled

BUILDINGS CONVERTED TO RENTALS:  Some condo projects in the Toronto area are being cancelled by the builder, and converted to rental buildings instead.  Such is our market! Urbancorp has quietly cancelled its Kingsclub condo complex on King Street West and plans to build three towers of apartment rentals instead. It is the second downtown condo […]