Condos
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.
Jul 26, 2024
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.
Newly Listed Trinity Bellwoods Modern Serves Sleek Sophistication
In the heart of the Trinity Bellwoods neighbourhood, a stunning family home (meets architectural feat) is waiting to be fallen for.
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.
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.”
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