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- Rock-bottom interest rates have amped up affordability. It’s never been cheaper to borrow, and the Bank of Canada has said the low-interest rates will be around until at least 2023. More people are taking advantage of the slump. With selection high, prices lower and less pressure and competition, people have been jumping in.
condos.ca/blog/posts/the-toronto-condo-market-is-hot-again-here-is-why
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May 29, 2023 · Some interesting new data on Toronto's condo market is shedding light on how speculative real estate investment in the city may be in for a change, as rising new condo prices paired with...
- Becky Robertson
Mar 15, 2023 · In last month’s Market Report, we compared the drop in prices over the past 12 months for low rise and condos across the 416 and 905 areas. The price drops ranged from 20+% to a low of 3.4% for 416 condos.
Apr 30, 2024 · The Greater Toronto Area (GTA) condominium apartment sales increased moderately in the first quarter of 2024 relative to the first three months of 2023. However, over the same period the number of condo apartment listings increased by a greater annual rate.
Apr 5, 2023 · Townhouses cost an average of $935,626, a 14 per cent decrease, while condos and apartments fell 13 per cent to $703,566.
Mar 25, 2024 · According to a Star investigation using condos.ca data this week, average maintenance fees across 12 areas of the city spiked by more than 5.5 per cent between 2022 and 2023, versus just 2.72...
- Becky Robertson
Toronto, which accounted for almost two-thirds of total condo sales, the average selling price was $723,186 – down by 0.5 per cent compared to Q1 2023. “As first-time buying activity increases with lower borrowing costs later this year and into 2025, inventory will be absorbed and market conditions will tighten. Increased competition ...
Oct 17, 2023 · Those 850 condo sales in the 416 in September are less than half of what we saw in 2021, and represent only 55% of what we saw in 2020. Let’s look at the data graphically: As the green line shows, we started 2023 with the fewest sales in the month of January for the period 2018 through 2023.
