"[...] Demand has been so high because people have the expectation that there’s no need to return to Toronto when the pandemic is over."
According to an Urbanation report, preconstruction condo sales in the City of Toronto climbed to 2,886 in the first quarter of the year from 2,829 in Q1-2020.
A cooling market isn't necessarily a bad thing. Bradley Watson, a broker with Watson Estates in Toronto, told CREW that we need some breathing room. Here's why.
In March, new listings set a record by reaching 1 million across Canada, a 7.5% increase from the month prior. Bidding wars were commonplace and inventories fell to their lowest in decades.
Learn more about how addy’s mission is to enable every human to become a homeowner by helping them invest in real estate at a price that works best for them, and dividing the investment into equal parts.
"[...]There’s a lot of push for the city and other government levels to move towards laneway housing to deal with the supply issue and I think that’s a great opportunity.”
Depending on the type of mortgage product, lender, and program, this amount varies greatly. Let’s jump into the different types of mortgages and how these limits are calculated.
“Our inventory levels for condos in Toronto proper are back to normal—we’re sitting at almost 2,600 condo units for sale—and that means April will be extremely healthy.”
The CEO of TD Bank says too many factors are driving accelerated gains in Canada’s housing market and that urging policymakers to intervene might be unwise.
Sales surged by 126.1% year-over-year from 2,524 in March 2020, and by 53.2% from 3,727 a month earlier. Moreover, last month’s sales total was 72.2% above the 10-year March average.
Turns out, not only are they bravely prepared to wait out the pandemic, hordes of business people are trying to find venues to open up their own nightspots and eateries.
This downsizing couple bought three units in this new build condominium on St. Clair Ave so they can retire comfortably and encourage others to do the same. Read more to learn about their plans for their units.
Just like the housing market, there are many industrial tenants being priced out of warehouse facilities which are also becoming harder to obtain.
Sotheby’s International Realty Canada report anticipates a torrid spring season in Montreal’s high-end housing market.
“The chances of that happening in our country are slim to none because it would be political suicide for any government to introduce that,” Bob Aaron of Toronto-based Aaron & Aaron.
According to this chief business development officer in Burlington, off-market investments have less competition and allow for more time to inspect the property.
Canadian housing starts hit 273,664 in March, up from 252,636 a month earlier, but the enhanced activity still hasn’t been able to keep pace with voracious demand.
“On the periphery of Vancouver and Toronto, there are pockets of opportunity. When you look at commercial real estate broadly, retail is a victim of COVID and that’s still playing out.”
Many people can't secure that 20% down payment to start their homeownership journey. This may be why rentals are exceeding demand in Toronto.
This broker says there are more investment opportunities in Mississauga's semi-detached market because you can benefit from two incomes - renting the basement and the upstairs.
With Bitcoin becoming such a success and increasing in value, is it a smart move to use it to purchase real estate? Yes and no. Here are some things to keep in mind.
Signup for our weekly newsletter to get the latest news, updates and amazing offers and delivered directly in your inbox.
