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- Hundreds of condos in downtown Toronto are up for sale, flooding the market as high interest rates spur an exodus of investors, and some homeowners, who are unable to keep up with mounting mortgage costs.
www.thestar.com/business/new-data-shows-hundreds-of-condos-flooding-toronto-s-home-resale-market-as-investors-sell/article_971ffc58-7c01-5eb2-a02e-1cc5da22d09c.html
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How has the Toronto condo market changed in 2023?
How will a decrease in condo sales affect Toronto's condo market?
How many new condo units are sold in Toronto?
How much have condo prices dropped over the past 12 months?
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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Released on a monthly basis, this Report lets you in on the...
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Why have condo prices gone up so fast in the last decade? As Ben Myers put it, the reasons are many and complicated. There’s not just 1 factor driving this market. In this episode Andrew la Fleur breaks down 15 reasons why condo prices have doubled in recent years and why they will most certainly double again.
Mar 8, 2024 · In February, Toronto home sales saw a yearly increase of 17.9% and a monthly surge of 32%. Additionally, new listings rose by 37% compared to last month and by 33.5% compared to the same period last year.
The Toronto Regional Real Estate Board (TRREB) reports provide valuable data that helps understand recent sales and price trends in the Toronto condo market. The market has faced a significant downturn, with a 44% decline in condo sales in 2023 compared to the previous year.
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.
Apr 23, 2024 · A report from condominium research firm Urbanation this week showed sales of new condo units in The Greater Toronto and Hamilton Area (GTHA) reaching levels reminiscent of the late 1990s in the first three months of the year, with just 1,461 new condo units sold.
Apr 17, 2023 · There were 6896 sales in March on The Toronto Regional Real Estate Board. The month-to-month increase was 45% versus just 20% in 2022. This confirmed what we said at the start of the year. Sales had bottomed out in January and the monthly market peak would exceed 7500 sales.
