Condos

'Mortgage Madness': GTA Developer Will Cover First Two Years Of Payments
Affordable Housing

'Mortgage Madness': GTA Developer Will Cover First Two Years Of Payments

Camrost Felcorp is offering a limited-time purchase incentive, wherein the developer will carry two years of mortgage payments at three of their hottest pre-con projects.

Condos

Richmond Presale Buyers Win $13M In Lawsuit Against Prima Condo Developer

Over 30 buyers sued Anderson Square Holdings after the developer of the Alfa project in Richmond, now named Prima, abruptly terminated the presale purchase agreements.

Condos

Metro Vancouver Presale Market Will Likely See 'Marked Improvement' In 2024

​After a subdued 2023, unit absorption, prices, and consumer sentiment is expected to improve in 2024, says MLA Canada.

Condos

Why (And How) A BC Developer Is Offering A 10% Presale Deposit Structure

​Deposits as low as 10% are not unheard of, but are more commonly seen with townhouses rather than high-rise condos.

Condos

Don't Be Shocked By (Even More) Condos in (Even More) Toronto Neighbourhoods

Density is the name of the game when it comes to the Greater Toronto Area’s (GTA) urban planning agenda – especially in areas surrounding current and upcoming public transit hubs. With new provincially-passed legislation as a driving force behind it, these neighbourhoods are in store for a drastic transformation in the not-too-distant future.

Real Estate News

Downtown Toronto Condos Dip Below $1,000 PSF For First Time In 2 Years

Robert Van Rhijn with Strata Realty explains that softer prices are a function of higher interest rates, but will be short-lived without a meaningful infusion of supply.

Condos

Bosa Properties Guaranteeing Rental Revenue To Solhouse 6035 Buyers

Bosa's Rental Revenue Program guarantees a set amount of rental income depending on unit sizes, with Bosa paying the difference if the rental income they receive is lower than what's guaranteed.

Condos

Canadian Condo Market On Track To “Soften The Most”: Economists

Activity is expected to “deteriorate further” in the first half of 2024 amid elevated interest rates and as supply “floods the market.”

Burnaby

Burnaby's Metrotown Takes Centre Stage In The Pre-Sale Condo World

Five of the biggest projects that have recently launched sales, or are about to, in Metro Vancouver, are all located in the Metrotown neighbourhood of Burnaby.

Condos

40 GTA Condo Projects On Hold Amid “Heightened Market Uncertainty”

Collectively, those projects would have brought 13,721 new condo units to the Toronto area, according to new data from Urbanation.

Real Estate News

Luxury Single-Family Home Sales Surged This Summer, But Buyers Bow Out Of Condo Living

"It’s been a very strange market ever since the start of COVID," Don Kottick, President and CEO of Sotheby’s International Realty Canada, told STOREYS. "Consumer demand is changing [....] It's value for money and buyers are going back to single-family."

Real Estate News

Condo Sales Have Slumped In All But Two Canadian Markets

A new report says that Canadian condo markets are in for even more of a slowdown as consumers continue to grapple with affordability amid higher rates.