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- “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
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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.
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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.
May 29, 2023 · The 2023 GTA Condo Investment Report from Urbanation and CIBC Economics offers, like many new industry outlooks, encouragement about a stabilizing market in which power is shifting toward...
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.
May 24, 2023 · The number of new detached, semi-detached and townhouses that sold in the region last month was up a staggering 81 per cent compared to April 2022, with a total of 2,391 — a number that is still...
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 ...
Dec 22, 2023 · Overall, new condo sales in Toronto have plummeted 47 per cent year-to-date in 2023, sliding to their lowest levels in about a decade. This comes one month after Altus Group data showed that condominium apartment sales in Toronto were 29 per cent below the ten-year average.
