Toronto Condos Archives - Better Dwelling

Greater Toronto New Home Prices Are Finally Coming Down

Daniel Wong — Wed, 29 Mar 2023 15:30:00 +0000

Greater Toronto real estate has seen new home sales collapse, but prices have been sticky. That’s beginning to turn, according to February data provided by Altus Group. Falling sales and rising inventory are finally chipping away at prices. However, recent gains since 2020 remain significant despite doubling inventory and halving sales. Greater Toronto New Home […]

The post Greater Toronto New Home Prices Are Finally Coming Down appeared first on Better Dwelling.

Toronto Condo Sales Are Unusually Weak, Investors Capture A Larger Share

Kaitlin Last — Tue, 31 Jan 2023 22:29:49 +0000

The Greater Toronto real estate downturn has only had a limited impact on the condo market. That was the view in the condo market report shared by the Toronto Regional Real Estate Board (TRREB). In general, easing inventory and higher interest rates have resulted in relatively stable prices. The market is also significantly better supplied […]

The post Toronto Condo Sales Are Unusually Weak, Investors Capture A Larger Share appeared first on Better Dwelling.

Toronto New Home Sales Crater, Single-Family Prices Drop & Condos Rise

Daniel Wong — Tue, 03 May 2022 20:01:00 +0000

Greater Toronto real estate is doing some soul searching after soaring mortgage costs. Data from Altus Group and developer-group BILD GTA show new home sales cratered in March. Demand dropped across segments, but so did inventory. Despite scarce inventory, single-family home prices still saw the benchmark price drop. Toronto Single-Family Home Prices Slip, But Condos […]

The post Toronto New Home Sales Crater, Single-Family Prices Drop & Condos Rise appeared first on Better Dwelling.

Canadian Condos Are Often Overvalued Due To Low Reserve Funds: Report

Daniel Wong — Wed, 16 Feb 2022 01:23:36 +0000

More Canadians are looking to buy condos, but they’re being warned not all are equal. The Canadian Institute of Actuaries (CIA) released a study on condo reserves this week. In the 140-page report, the organization warns low reserves often create misleading overvaluations. Over the long run those values may not benefit the current owners though. […]

The post Canadian Condos Are Often Overvalued Due To Low Reserve Funds: Report appeared first on Better Dwelling.

Toronto Condo Prices Drop, But Buyers Are Paying “Over Ask”

Kaitlin Last — Tue, 10 Aug 2021 16:43:35 +0000

Toronto condo prices are falling, according to the country’s biggest real estate board. Though people are bidding over ask, and inventory is tightening, paradoxically. That’s what the Toronto Regional Real Estate Board (TRREB) data shows for July. The mix of indicators all adds up to a balanced market, but the picture of where it’s heading […]

The post Toronto Condo Prices Drop, But Buyers Are Paying “Over Ask” appeared first on Better Dwelling.

Toronto Detached Home Prices Drop Over $11K In A Month, Everything Else Soars

Kaitlin Last — Tue, 06 Jul 2021 16:52:51 +0000

Greater Toronto real estate may be approaching its peak. Toronto Regional Real Estate Board (TRREB) data shows the benchmark price generally climbed in June. Instead of moving all in one direction like the past few months though, it broke into segments. The 905 is doing much better than the City, which continues to underperform. So […]

The post Toronto Detached Home Prices Drop Over $11K In A Month, Everything Else Soars appeared first on Better Dwelling.

Canadian Condo Markets Have Seen Prices Rise Up To $116,000

Kaitlin Last — Sat, 29 May 2021 04:39:55 +0000

Canadian condo prices had a slow start compared to detached homes, but they’re now ripping higher. Canadian Real Estate Association (CREA) data shows prices hit a record high in April. The typical condo apartment has seen prices advance by double digits just last month. Some markets have now produced annual gains well into the six […]

The post Canadian Condo Markets Have Seen Prices Rise Up To $116,000 appeared first on Better Dwelling.

Toronto New Home Prices Fall Up To $48,000, As Supply Eases Pressure

Kaitlin Last — Tue, 25 May 2021 22:01:00 +0000

Greater Toronto new home prices slipped, as inventory helped to ease pricing pressure. BILD GTA, a local developer group, said sales climbed in April, especially in the condo segment. Higher inventory helped to attract more buyers, but also contributed to lower prices. New home prices fell up to $48,000 in just one month. A hefty […]

The post Toronto New Home Prices Fall Up To $48,000, As Supply Eases Pressure appeared first on Better Dwelling.

Canada’s Condo Markets Are Making Huge Gains, That Will Get Bigger: BMO

Daniel Wong — Tue, 18 May 2021 22:01:00 +0000

Canada’s condo market has set off some alarms, but everyone is busy watching the dumpster fire down the street. BMO senior economist Robert Kavcic highlighted condo price growth last month. Price growth didn’t just hit a multi-year high for annual growth. Growth over the past 3 months showed one of the fastest price accelerations in […]

The post Canada’s Condo Markets Are Making Huge Gains, That Will Get Bigger: BMO appeared first on Better Dwelling.

Toronto Real Estate Prices Rip Higher, With Detached Homes Rising $62,000 Last Month

Kaitlin Last — Wed, 03 Mar 2021 17:37:40 +0000

For Greater Toronto real estate, detached homes are living in 2017, while condos are stuck in 2009. Toronto Regional Real Estate Board (TRREB) data shows home prices increased in February. When looked at in aggregate, the whole market is on fire. Breaking it down, there’s two distinct markets. Detached homes are adding multiple years of […]

The post Toronto Real Estate Prices Rip Higher, With Detached Homes Rising $62,000 Last Month appeared first on Better Dwelling.