Archive for Toronto Condo Owner
Toronto Condo Sales Set Yet Another Record
Toronto Condo research firm Urbanation has released its report on the first quarter of 2012, reporting a record quarter for Toronto condo sales. According to the report, the 6,070 new condos sold during the quarter as well as the 338 active projects and 84,698 active units were all new record highs for the Toronto Census [...]
Toronto Condo Rent Increases Through First Quarter 2012
The Toronto Real Estate Board has released its 2012 Q1 report for condo rentals in the Greater Toronto Area, finding that a low vacancy rate combined with fewer listings and more rentals is raising rents for investors. “There have been very few purpose-built rental buildings completed in the GTA over the past few years,” said [...]
Toronto Real Estate Board Releases Q1 Condo Report
The Toronto Real Estate Board has released its Toronto condo sales report for the first quarter of 2012. According to the report, 5,027 condo apartment transactions took place through the Toronto MLS Listings during the first quarter of 2012, which is a two per cent increase over last year’s first quarter. In addition, new condo [...]
Toronto Real Estate Does It Again – Another Record Month
February MLS sales totalled 7,032 houses and condominiums in all the districts. This sales number was up 12.3% from one year ago and was 12.5% above the average for Februarys since the year 2000. 31.1% of the market sales were condo townhouses and high-rise suites with 2,187 units changing hands during the month. The February [...]
Pre-Vacation Checklist For Your Toronto Condo
Are you planning a long vacation soon? Do you live in a Toronto condo? If you’re planning on being away for a while, here is a checklist of some things you’ll need to take care of before you leave. Check your condo corporation’s policy on empty condominiums. All condo corporations are different and they might [...]
Toronto Condo Sales Hit Record Highs In 2011
We’re now seeing all the end-of-year sales stats for Toronto real estate sales, the majority of which ended on a high note – with Toronto condos being no exception. Toronto condo sales through the Toronto MLS Listings (in the Metro Toronto Area and the Greater Toronto Area) jumped 24 per cent over the previous annual [...]
Who Is Responsible For Maintenance, Repairs And Replacements In A Toronto Condo?
A common question about downtown Toronto condoliving is, “who is responsible for the maintenance of, repairs in and replacement of certain items in my condo?” Like in a rental apartment building, it can sometimes be unclear who is responsible for the financial cost of these repairs. But while an apartment building will generally cover the [...]
Economist Apologizes For Getting Toronto Real Estate Market Predictions Wrong For 2011
It seems all of the economists got it wrong for 2011… they generally agreed that last year’s Toronto house and condo market was going to be slower than 2010 with a 3-5% appreciation rate. At least Craig Alexander, Chief Economist at TD Canada Trust was willing to say that the science of economic predictions is [...]
Downtown Toronto Condo Market Showed Mixed Signals In January
The downtown Toronto condo market showed a lot of contrasting numbers between east and west of Yonge. In January, downtown condo average sale prices were up 8.6% in C01, west of Yonge and south of Bloor and up by 3.5% in C08 east of Yonge and south of Bloor compared to one year ago. This [...]
Toronto Condo Rental Market Tightens
According to the latest Toronto condo rental market statistics from the Toronto Real Estate Board, the leasing of condos was up during the last quarter of 2011 – and the number of condos listed for rent using the Toronto MLS Listings was down. What does this mean for condo owners and investors? Essentially, they’ll have [...]
