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Feb 10, 2024 · The condo market has slowed in Canada. Photo by Jason Payne/PNG. Shaun Hildebrand, president of Urbanation Inc., talks with the Financial Post’s Larysa Harapyn about the state of the Canadian condo market. Hildebrand said sales of new condominiums fell significantly last year and new construction starts have plunged, with more of the same ...
- Larysa Harapyn
- 10 min
Dec 5, 2022 · Rising interest rates coupled with the flattening of average sales prices since March mean some who invested in new condo builds are facing an increased financial burden. ... through 2020, after ...
Jul 26, 2024 · Investing in newly built condos in the Greater Toronto Area has proved costly for investors and the impact may further deplete supply in the region, according to a new report. The research by Shaun Hildebrand from industry analysts Urbanation and CIBC’s Benjamin Tal reveals that the market is “facing the most significant test since the 1991 ...
Jul 25, 2024 · In dollar terms, investors who closed on a condo in 2023 had an average negative monthly cash flow of $597, up from $223 per month for those who closed in 2022, while investors who got their condos in 2021 and 2020 were still on average making monthly profits. Of those who closed last year, about 30% are losing more than $1,000 per month, the ...
Oct 11, 2024 · How investors have wreaked havoc on Toronto’s condo market. Toronto's condo market is in crisis. Investors have exacerbated the sector's boom and bust cycle and it's left consumers in the lurch ...
Oct 3, 2023 · In Toronto, Canada's condo hub, sales are down almost 13 per cent from last year and the average price has slipped 6 per cent to just under $750,000. Photo by Brent Lewin/Bloomberg. Looks like there’s trouble in condo land. Pressures from the same forces of higher interest rates and economic uncertainty that have buffeted Canada’s housing ...
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Feb 10, 2024 · Shaun Hildebrand, president of Urbanation Inc., talks with the Financial Post’s Larysa Harapyn about the state of the Canadian condo market. Hildebrand said sales of new condominiums fell significantly last year and new construction starts have plunged, with more of the same expected in the coming months.
