urbanation
Real Estate News
GTA Condo Supply Is Approaching A Number “The Market Has Never Seen”
How long will it take for almost 40,000 condo units — be those unsold units in development, assignment listings, or resale listings on MLS — to be absorbed into the GTA market?
Oct 29, 2024
Industry
6,800 New Condo Units Changed To Rental, Cancelled, In Receivership Since 2022 Across GTHA
In the third quarter alone, three active condo projects totalling 1,111 units were converted to purpose-built rental, while eight projects totalling 2,231 units were put on hold, cancelled, or placed into receivership.
Renting
Canadian Rent Growth Slows To 3-Year Low As International Student Enrolments Plunge
Urbanation President Shaun Hildebrand notes that foreign student enrolments have dropped off “by roughly a half from their record highs,” and that the effects have been felt most in Ontario and BC.
Construction
‘There’s Going To Be A Crisis’: New Condo Construction Is Heading Toward A Cliff
“This is not something where you can flick a switch and all of a sudden we have deliveries. We know that if we're not starting anything in ‘25, there are going to be no deliveries in ‘28.”
This $9M Seaside BC Estate Is What Daydreams Are Made Of
Perched above the storied shoreline of British Columbia’s Sunshine Coast, 1887 Lower Road is the kind of retreat that captures the region’s most coveted offering: a seamless fusion of luxury, nature, and soul-soothing privacy.
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.
Real Estate News
More Than 75 New Condo Projects On Hold In GTHA Amid “Dislocated” Market
“We need a combination of lower rates, higher resale prices, and higher rents for the math to work again for investors,” Urbanation's Shaun Hildebrand tells STOREYS.
Real Estate News
"A Record High": Nearly 26,000 New Condo Units Going Unsold In GTHA
Amid weak condo market conditions, more projects are expected to be put on hold or ultimately pulled from the market.
Renting
Average Canadian Rents Drop In June After Record-Breaking May
Month-over-month, the (very slight) decrease actually represented the largest decline since early 2021 – during the pandemic – and defies the typical summer trend of rising rents.
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