The latest condo market data from Urbanation is encouraging. As I reported last month, April was a very slow month, which isn’t surprising given that it was the first full month of lockdown. Residential resales across the Greater Toronto Area were down 67% year-over-year. In… Read More
Shane Dingman’s recent Globe and Mail article about “the investment case for mid-rise condos” is a good summary of why this housing type has become so popular in Toronto. Mid-rise buildings tend to attract more end-users because of their boutique scale. That is, they attract… Read More
Today, Urbanation released its Q4-2018 market highlights report for the Greater Toronto Area. The general media will pick up these numbers and tell you that there’s been a precipitous decline in the number of new condominium sales. But the reality is that 20,028 units were… Read More
Urbanation released its Q3-2018 condo market results for the Greater Toronto Area earlier this month. Here are a few highlights: – The unsold inventory of new condos in development is currently 33% below the 10-year average of 14,806 units. – Year-to-date sales of new condominiums… Read More
Today we released the above rendering for Junction House and announced that sales will begin this fall. 144 condominium homes. A mix of 1, 2 and 3 bedroom suites, including our Two-Storey House Collection and our Laneway House Collection. Prices starting in the $400s. One… Read More
Yesterday Urbanation released its Q2-2018 rental report for the Greater Toronto Area. It tracks both purpose-built rentals and condominium rentals, the latter being condominium units that are listed for rent on MLS. The average condo rent, for all unit types across the GTA, is up 11.2%… Read More
Shaun Hildebrand (Urbanation) and Benjamin Tal (CIBC) published a report today called, “A Window Into the World of Condo Investors.” In it they revealed that last year (2017 data) no less than 48% of the Greater Toronto Area’s newly completed condo units were closed on by “rental… Read More
