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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. This month we looked at the change in condo prices in the Downtown and Humber Bay markets over the past 12 months by number of condo bedrooms.
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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 sellers...
- Becky Robertson
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. With buyers benefitting from more choice, the average condo selling price edged lower.
May 24, 2023 · Buyer interest in new condos, though, is falling way short: 57 per cent fewer condos, stacked townhouse units and lofts sold in the GTA compared to April last year, with sales dropping 39 per...
Oct 17, 2023 · As the green line shows, we started 2023 with the fewest sales in the month of January for the period 2018 through 2023. By spring, the sales data was in line with previous years, save for 2021 where we can see every single month in that calendar year is well above the rest.
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.
Nov 23, 2023 · However, despite a slowdown in the condo market, condo sales still make up more than 37 percent of all TRREB sales in 2023 compared to about 36 percent in 2022.
