Search results
- “The amount of one-bedroom units that are coming on now is overwhelming,” Mr. Bibby says, noting that the supply of condo apartments in Toronto spiked 55.3 per cent in March compared with March, 2023. Monthly rents have been softening with increased supply in many buildings, he says, and owners face the burden of hefty carrying costs.
www.theglobeandmail.com/real-estate/toronto/article-as-transactions-fall-toronto-condo-buyers-find-their-leverage/As transactions fall, Toronto condo buyers find their leverage
People also ask
Does Toronto's condo market fall at the same pace?
Are condos down in Toronto?
How much does a condo cost in Toronto compared to Q1 2023?
How did the GTA condo market perform in 2024?
Are condo units coming on in Toronto?
Are Toronto condo markets starting to pick up?
Mar 15, 2023 · Early results for March suggest that buyers who once only bought ‘move in ready’ units are also re-entering the ‘fixer upper’ market because of a lack of listings. 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.
- Subscribe
RE/MAX Condos Plus Corp. Brokerage 45 Harbour Square...
- Subscribe
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 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
Oct 17, 2023 · There are certain condos in the downtown core which, in a red-hot market, absolutely should be listed at a low-price, with an offer date, as a matter of strategy. But in October of 2023, I would offer than 90% of condo listings should be listed with “offers any time,” again, as a matter of strategy.
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.
Condos in Toronto are down a relatively smaller 12 percent from their peak, or still 3 percent higher than the 2021 average. It’s true that the rise in condo rents was a bit more but that doesn’t prevent condos from not dropping on a year over year basis because rate hikes were massive.
May 1, 2024 · In March, the segment for condos in the central 416 area code was the weakest in the Greater Toronto Area as transactions fell 15.5 per cent compared with the same month last year,...
