Condo Insider: Fall 2023 Special

Welcome to our fall condo special!

We've put together a collection of articles that can speak to everyone – the potential buyer, the condo aficionado, and those who simply like to keep up with what's happening in the industry.

What's more, this year we've teamed up with the Toronto Star to provide them with this content, so both digital and print readers across the GTA will have access to the same great real estate insights.

You can find the following articles on storeys.com, thestar.com, and the Toronto Star's Saturday Edition on September 23:

A Guide For First-Time Condo Buyers
How The Pandemic, And Policy, Have Changed The Condo Launch
The Future of Condo Amenities Is Being Built Right Now
5 Notable Condo Launches Coming To The GTA

Condos

Condo Insider: Fall 2023 Special

STOREYS has teamed up with the Toronto Star to offer condo insights for the Fall 2023 market.

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The sale of 820 Church Street in being brokered by Colliers, and the property is currently zoned for 38 storeys, 118,920 sq. ft of gross floor area, and 172 units.

On May 1, development charges on Toronto condos will increase 20.7% from their current rates, meaning the average one-bedroom and bachelor unit will now cost $44,774 in development charges (up from $37,081).

And when it comes to real estate, Whistler is all about luxurious cabins, cozy cottages, and chalet homes — such as 8349 Needles Drive, which is currently on the market for $3,799,000.

For those seeking to call a (sprawling) piece of cottage country all their own, newly listed 1161 Stephen Road encapsulates the best of what the region has to offer.

Budget 2024 documents reveal that the $1.5B Canada Rental Protection Fund will be launching with just $5M in its first year.

An investigation has found that Hira Custom Homes had previously “attempted to sell homes that were already under an Agreement of Purchase and Sale, unjustifiably increased prices, did not comply with conditions on its licence, and provided false information to both purchasers and the HCRA.”

The HCRA has revealed that Christopher Lamb and his former company Novel Condominiums “have been found guilty of 26 charges of selling new homes illegally,” and as a result, have been hit with a $150,000 fine.

​The Broadway-Commercial Safeway redevelopment by Westbank and Crombie REIT has seen numerous revisions over the past few years, and is going to get another.

Contessa Developments’ plans to bring a 22-storey purpose-built rental building to the site have forcibly come to a stand-still after receivership proceedings were initiated last summer.

New home sales in March were down 16% from March 2023 and 66% below the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence.

​The next group of municipalities to receive housing targets under the Housing Supply Act include Surrey, Kelowna, and New Westminster, among others.

The forthcoming master-plan community will comprise of four towers, and will jointly bring 2,364 new residential units to the site on Eglinton Avenue.

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?

Toronto City Council approved a series of “updates” to RentSafeTO last week, and among those were new parameters for city inspections, a more hands-on system for tenant complaints, and increased fees for non-compliance.

Along with Jack Poole, David Podmore founded Concert Properties in 1989, then known as VLC Properties.

​If you haven’t met Callum MacLachlan, you’ve likely heard of him — or, even more likely, seen his work.

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The Broadway-Commercial Safeway redevelopment by Westbank and Crombie REIT has seen numerous revisions over the past few years, and is going to get another.

The next group of municipalities to receive housing targets under the Housing Supply Act include Surrey, Kelowna, and New Westminster, among others.

If you haven’t met Callum MacLachlan, you’ve likely heard of him — or, even more likely, seen his work.