WHY IT’S HARD TO FIND A 3-BEDROOM CONDO IN DOWNTOWN TORONTO

The problem in finding a three bedroom condo for owners starts at the pre-construction development stage. The lead time in Toronto, from pre-construction sales, through actually building the condo project, to Occupancy, and finally Registration with a mortgage is four … Continue reading

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HOW HIGH CAN TORONTO CONDO PRICES GO?

As many of you know, we have long extolled the strength of the Toronto Condo Market. On many occasions we have criticized the logic of those calling for a major price correction over the past five to ten years. However, … Continue reading

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ERROR IN SIMPLIFYING HOUSE MARKET FORECASTS

This week the Globe and Mail published another article from Capital Economics saying that the House Market was bound to collapse with house prices falling by 25%. I feel sorry for people who have to read this overly simplistic view … Continue reading

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UNINTERRUPTED RISE IN TORONTO CONDO MARKET – NOT REALLY

Our Company has been selling condos for over a decade in Toronto. Looking back, everyone believes that the condo market has gone straight up and the good times just rolled on – uninterrupted. However nothing could be further from the … Continue reading

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TORONTO CONDOS STILL THE BEST BUY FOR THE FUTURE

Most experts and economists continue to forecast a market correction with condos being the most vulnerable. But when you weigh the factors, condos keep coming out on top! People have less money to spend with rising gas prices taking even … Continue reading

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ASSIGNMENTS REPRESENT THE BEST BUY IN THE TORONTO CONDO MARKET

Assignments (buying a property before it is registered) represent the best buying opportunities for first time buyers – read CHEAPEST! Why? First, there are not as many people looking at these types of properties. That’s because real estate agents don’t … Continue reading

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WHY SOME PEOPLE MISTAKENLY THINK THE TORONTO CONDO MARKET WILL FAIL

First, negative news always sells. No one in the media wants to publish good news because it does not sell. That’s why anyone who forecasts that the ‘end is near’ will always get the headlines. When you try to tell … Continue reading

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IMPACT OF NEW CMHC MORTGAGE LENDING RULES ON CONDO MARKET

More changes have been made by the Federal Government  to CMHC lending practices. Note that these rules do not apply to mortgages that are conventional (under 80%). The first change is to mortgage refinancing. Now existing owners can only refinance to 85% … Continue reading

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UNDERSTANDING THE TORONTO HOUSING AND CONDO MARKET

Most experts try to analyze the Toronto housing and condo markets on the basis of interest rates, affordability (incomes), and listing inventory. But they miss the key factor driving the Toronto market. The key factor is the 100,000 new immigrants … Continue reading

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CONDO AND REAL ESTATE MARKETS DEFY EXPERTS

We have been tracking sales since July – the month that Armageddon was supposed to hit the real estate market. Sure sales volumes dropped significantly from June. Then August numbers were even lower and the boo birds were out in … Continue reading

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