The CMHC has released its latest forecast for home sales in Canada, and they foresee a downtown in our red-hot market. However, one economist calls into question red flags raised over the condo market, saying the data doesn’t paint the full picture. Here’s what buyers and owners should know.
Buying a condo? Better brush on your condo rules – most developments have strict requirements when it comes to renovations, noise and even what you can keep on your balcony. Here’s what prospective buyers should know.
For the first time in 16 years, there may be change coming to the Ontario Condominium Act. The proposed changes will target fraud and money mismanagement, and are meant to protect condo owners – but may come at a cost.
Toronto’s condominium market is soaring as Canada’s largest city continues to attract more people for work and play. Currently there are more than 100,000 units under construction, 123 high rise projects underway and 160 planned to start soon. That’s more than any other city in North America. Prices have soared too, up almost 26 per …
Real estate pundits love to point to the crash-prone boogeyman that is the condo market – but two recent reports suggest that high-rise living is just getting started in Canada.
Toronto condos have experienced a resurgence, as prices and sale numbers climbed in June. Now, the average condo will set Torontonians back more than $367,000, according to the Toronto Real Estate Board.
An advantage to condo living is all maintenance and repairs are handled by the board, and included in your condo fees… right? Turns out, owners could be on the hook for certain fixes – meaning it’s just as important to invest in a home inspection when making your condo purchase.
The condo market has traditionally been the go-to for the first time buyer segment, as detached home prices are higher than most starter budgets allow. However, while developers are creating huge amounts of supply, buyers have been tapering off. Does this mean the condo market is in for a crash?
Ready to find that perfect starter home? The search can be exciting – but also heartbreaking if expectations and reality don’t quite match. Here’s how to set realistic goals for your first home.
The saga of the Trump Tower investors are heating up the headlines – but how does this relate to you average condo buyer? Misleading sales tactics, backed up builder schedules and unpredictable fees can all cause mortgage financing problems. Read our checklist of the top condo buying pitfalls.