Condos
Real Estate News
Canadian Home Sales Reach Highest Level Since April 2022
Though the Bank of Canada has delivered four interest rate cuts since June, including a healthy 50-bps cut in October, the growth in sales is being attributed to a jump in listings.
Nov 15, 2024
Development Projects
38-Storey Development Proposed Beside Weston GO Station
Plans for a new mixed-use development, dubbed "Hickory Tree Towers," have been proposed for Toronto's Humber Heights-Westmount neighbourhood, where it would rise 38 storeys and deliver 421 new dwelling units.
Condos
Average GTA Condo Prices Dropped By Over 23K Annually In Q3
In what has been a common tune for a while now, TRREB's Q3 2024 Condo Market Report is posting dwindling sales, growing inventory, and a declining price point for condominium apartments in the GTA.
Renting
Condo Rents Slide In GTHA As Completions Surge Over 130%
There were over 23,000 new condo units registered across the GTHA between January and September, and that figure represents a 132% increase over the same period last year.
Passive Home, But Make It Opulent: Don’t Miss This Refined Eco Gem In Prince Edward County
For those with a taste for life’s finest things, but who prefer a touch of edge, this three-bed, three-bath estate in Prince Edward County is a true sanctuary.
Condos
Condo Amenities: 2024 Power Rankings
To analyze the rise and fall of amenities in new builds, Spark has once again surveyed a panel of industry experts to discover what they’re seeing in the market. Here's what they learned for 2024.
Development Projects
Updated Plans Released For Midtown Condo Tower, Now 17-Storeys
The new plans from Resident add three storeys and 15 new units to the development, along with a shiny new design.
Condos
'Investors Have Disappeared': Toronto Condo Inventory Jumps Over 80% In One Year
“First-time buyers look at what they're getting and they think ‘I’m just not interested in these types of units at these prices’,” says John Pasalis, President of Realosophy.
Condos
Toronto Condo Sales Slump 20% As Would-Be Buyers Turn To Renting
“With monthly payments remaining high and average rents edging lower over the past year, many would-be buyers remain on the sidelines. However, over the next year, an improving affordability picture will see a growing number of first-time buyers enter the condo market.”
Condos
Most Toronto Condo Investors Are Cash Flow Negative
Data from Urbanation and CIBC highlights the fact that the GTA is “facing the most significant test since the 1991 recession,” and condo investors are feeling it hard.
Condos
Metro Vancouver Sees Largest Quarterly Presale Inventory Release In Two Years
Despite the surge in inventory, sales velocity in the presales market has been slow and it could be more of the same to close out 2024, says MLA Canada.
Condos
BC Spring Market Forecast: What Presale Buyers Can Expect In The Coming Months
To kick off 2024, the presale market in Metro Vancouver has been a bit better than perhaps some were expecting, but also not great. So, what's next?
Condos
BC Spring Market Forecast: Wave Of High-Profile Presale Launches Rising In Surrey City Centre
In this series, presented by Spark, STOREYS explores British Columbia's spring market. In today's instalment: exploring how big name developers such as Bosa Properties, Anthem Properties, and Concord Pacific are all set to launch projects in Surrey City Centre in the coming months.
Condos
BC Spring Market Forecast: Amidst Uncertainty, Presale Purchase Incentives Are In Abundance
In this series, presented by Spark, STOREYS explores British Columbia's spring market. In today's instalment: a dive into how over the past few months, Metro Vancouver has seen an influx of presale buyer incentives that's reflective of the current state of the market.
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