The Toronto Real Estate Board announced the continuation of very tight conditions in the condominium apartment rental market in the second quarter of 2017. The number of rental transactions reported remained in line with Q2 2016, levels while the number of units listed at some point during the quarter declined year-over-year. Average annual rates of rent growth for one and two bedroom condos were over 8%. The Greater Toronto Area continues to be a very attractive place to live for many people, some of whom choose to rent. While rental demand remained very strong from a historic perspective in the second quarter, the supply of ...
Strong Growth in Average Rents in Q2
July 28, 2017Investing in Real Estate Market Reports Toronto Condo Information Toronto Condo Market News Toronto Condo News Toronto Real Estate News
VIP Broker Sales Underway at Time and Space Condos
June 25, 2017Downtown Toronto Condos Investing in Real Estate New Construction Projects New Toronto Condos Toronto Condo Buyers Toronto Condo Listings VIP Broker Events
Time and Space Condos is a great new condo project located at Front and Sherbourne, situated between Toronto’s historic St. Lawrence Market and The Distillery District. Pemberton Group presents downtown’s most-anticipated new condo project – Time and Space Condos. Encompassing an entire city block, Time and Space will transform this landmark location and offer residents a vibrant future. Exclusive amenities include a fitness centre, theatre, party room, games room, outdoor dining, outdoor games, pool with cabanas and a landscaped courtyard. VIP sales are underway for Phase 2. Phase 1 has already sold out, and this is a fantastic opportunity for ...
Q2 Rental Market Figures Released
August 14, 2016Investing in Real Estate Market Reports Toronto Condo Information Toronto Condo News Toronto Real Estate News Toronto Rental Market
The Toronto Real Estate Board announced that despite a decline in the number of condominium apartments listed for rent in the second quarter of 2016, the number of condo apartments rented remained similar on a year-over-year basis – down by only 2.7% compared to the second quarter of 2015. Investor-held condo apartments remained an important component of the overall rental supply in the GTA. The average one-bedroom condominium apartment rent was $1,710 per month in the second quarter – up by 6.4% compared to the same period in 2015. The average two-bedroom rent was up by 4.1% year-over-year to $2,330. Year-to-date, total condominium apartment completions ...
Pre-Construction Condos: Should You Use a Realtor?
August 1, 2016First-Time Buyers Investing in Real Estate New Construction Projects New Toronto Condos New Toronto Lofts Real Estate Tips Toronto Condo Buyers Toronto Condo Information
Should you use a realtor when buying a new pre-construction condo? The answer for this is a definite YES. I specialize in helping buyers navigate through the complicated process of buying new condos. There are many pitfalls and disadvantages of buyers going it alone when dealing with the builders’ sales staff. Above all else, realize that the builder’s sales team works for the builder and only the builder. That is where their loyalties lie. They simply have zero interest in protecting you or your rights, or in getting you the best deal or best location within the building. By using a pre-construction condo ...
Distinction Condos - VIP Broker Sales
May 30, 2016First-Time Buyers Investing in Real Estate Midtown Toronto Condos New Construction Projects New Toronto Condos Toronto Condo Buyers Toronto Condo Listings VIP Broker Events
The Distinction Condos is a great new project located at Yonge and Eglinton. Lash Group of Companies is developing this brand new project in Midtown Toronto. Sitting a few blocks west of Mount Pleasant Road and just one block south of Eglinton, this is the place a discerning few will soon call home. Distinction Condos looks out over quiet residential streets and is just a five-minute walk from the thriving corners of Yonge and Eglinton. A short stroll from Distinction Condos takes you to all the stores, restaurants and convenient transit options this neighbourhood offers. The Distinction Condos is 19 storeys, with ...
First-Time Condo Buyer
May 22, 2016
All investment and financial counsellors will agree that the best form of investment is real estate. Compared to the stock market and other forms of investments, real estate is a safe haven for growth. Over a ten year span, statistics show a great rate of return over the capital invested. We all need shelter. The decision to buy a property will be one of the most important endeavours someone will undertake. Initially, a first-time buyer will seek advice as to what’s available and the market’s condition in the area of their choice. Next, they will seek different opinions from family and friends before starting to ...
Rental Prices a Casualty of the Hot Housing Market
April 29, 2016Investing in Real Estate Market Reports Toronto Condo Information Toronto Condo News Toronto News Toronto Real Estate News Toronto Rental Market
The effect of a red-hot housing market is having a wide-reaching effect in Toronto, where more millennials are delaying homeownership as prices continue to rise. A Bank of Montreal report released Tuesday shows while 60% of millennials surveyed are tired of paying rent, about 70% are willing to delay homeownership until they can afford what they really want. In the meantime, the rental market in Toronto is becoming increasingly competitive. According to the Toronto Real Estate Board, the average condo rentals in Toronto for the first quarter of 2016 were: Bachelor, $1,376 – a 3.8% year-over-year increase One-bedroom, $1,662 – a 4.8% year-over-year increase Two-bedroom, $2, 375 – a ...
Robust Average Rent Increases in Q1
April 26, 2016Investing in Real Estate Market Reports Toronto Condo News Toronto Real Estate News Toronto Rental Market
The Toronto Real Estate Board reported 6,458 condominium apartment rental transactions for the first quarter of 2016. This result represented a year-over-year increase of 6.5% compared to the first quarter of 2015. “It’s not just the home ownership market that is tight in the Greater Toronto Area. Demand for condominium apartment rentals remained very strong relative to available listings. As a result, strong competition between renters prompted very strong growth in average rents, particularly for the popular one bedroom and two-bedroom apartment categories,” said TREB President Mark McLean. The average one-bedroom apartment rent was $1,662 in the first quarter – up 4.8% compared to ...
Toronto Condos are a Great Investment
April 16, 2016Investing in Real Estate Toronto Condo Buyers Toronto Condo Information Toronto Condo Market News Toronto Condo News Toronto Real Estate News Toronto Rental Market
Condos in Toronto are a great option for investors, as values are rising by around 10% a year. To demonstrate this fact, a Toronto rental website has produced a map of the Canadian city’s subway system along with rental property rates in the area. Subway stops highlighted in purple (dense condominium locations), exclusively represent rent data on relatively newer high rise condominium developments. Subway stops highlighted in orange represent rent data from all types of dwellings including homes, apartments and condominiums. The infographic confirms: As you move away from the downtown core, rental prices start to come down. The most expensive areas to rent are near Bay ...
Toronto Condo Investors Snapping Up Multiple Units
April 10, 2016Investing in Real Estate New Toronto Condos Toronto Condo Buyers Toronto Condo Market News Toronto Condo News
A rising share of Toronto condo investors are snapping up multiple units in hopes of capitalizing on rising prices and lucrative rental income. The Canada Mortgage and Housing Corporation found in a new survey that Toronto condo investors that have purchased at least two condo units in addition to their primary residence has risen nearly 13% over the past two years. Nearly a quarter of Toronto condo investors told CMHC that they owned least two units, with close to 10% reporting that they owned three or more condos. Among condo investors in Toronto, half told the federal housing agency that they had bought their investment unit for ...