Archive for General Toronto Condo Info

Toronto Condo Stats For April 2012 From The Toronto Real Estate Board

With its monthly market report, the Toronto Real Estate Board brings us plenty of new Toronto condo sales stats. While single-detached homes saw the strongest sales growth in April (an increase of 22 per cent year-over-year), condominium sales also increased year over year in both the 905 and 416 area codes. In the 416 area [...]

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 [...]

Could Toronto Condo Sales See Another Record Year?

In 2011, 28,190 condominiums were sold in Toronto, which was an almost 25 per cent increase over the previous high seen in 2007. Could 2012 be another record-busting year for Toronto condos? While many critics are worried about a bubble, Toronto still has more than enough going for it to keep the condo market going: [...]

Toronto Condos Near The Gardiner Expressway

Google Toronto’s Gardiner Expressway and you’ll find it’s called a lot of names: essential, ugly and my favourite: like some kind of post-apocalyptic apparition. Winding right through downtown Toronto, the Gardiner is close to some of the most sought-after condo developments in the country. According to the Toronto Star, new Toronto condo developments popping up [...]

How A Toronto Real Estate Agent Can Help You Prepare For Buying Your First Condo

The Winnipeg Free Press published a great article this week on what’s involved in the home buying process, particularly for younger, first-time buyers. In Toronto, many first time buyers choose a condo as their first home. The article details the costs involved in buying your first home, and what kinds of expenses a first-time buyer [...]

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 [...]

Is Toronto Condo Living Right For You?

Condos are generally more affordable than detached homes in the same area, allowing condo owners to remain near or in downtown Toronto. Many condo buyers are also first-time home buyers who’ve found an affordable way to live where they want to while jumping into homeownership at the same time. Being able to afford something doesn’t [...]