The Latest information in Pre-Construction Condos
Toronto condo completions rose 124% this summer, construction activity remains near record high
Construction crews were busy completing work on 6,816 condo units across the Toronto region this summer.
The third quarter total represented a huge leap over last year, rising 124 percent above the 3,038 units completed in 2019’s third…
Seven Ways COVID-19 Is Affecting Canadian Housing: RBC Report
Among the seismic shifts the pandemic has spurred across the Canadian economy, few are as profound as those that have rocked Canadian real estate. The battle to control the spread of COVID-19 has not only altered how and where Canadians work,…
Canada’s housing market has fully recovered from pandemic shock: RBC
Even the most bullish housing observers would have had a tough time anticipating just how quickly Canada would bounce back from the pandemic shock that froze up market activity in the late winter and spring.
But, after what RBC Senior Economist…
Canadian home sales up nearly 46%, shattering September record
It was another record-breaking month for the Canadian housing market. September sales rose 45.6 percent over the previous year with no obvious signs of slowing after several months of remarkable levels of buyer activity.
Sales rose in almost…
Wuhan, Former Pandemic Center, Emerges as Tourist Hot Spot
Wuhan, the city at the center of the coronavirus pandemic, had the most tourists of any Chinese city during a public holiday in October. Wuhan is overcoming its pandemic past and benefiting from its hero-city status to become a top travel d…
From Downtown to ‘Urban Centre’, Why Mississauga Could Be the Move to Make
Buyers flocking to the 905 also want an urban experience, making condos in the growing urban centre of Mississauga the perfect choice.
Mississauga real estate is on a tear, reflecting the considerable efforts the city has put into its livability…
Bank of Canada plans to keep interest rate near zero until 2023
Bank is assuming no widespread lockdowns are coming back, and that there will be a vaccine by 2022
The Bank of Canada says it has no plans to change its benchmark interest rate until inflation gets back to two per cent and stays there, something…
New condo sales across Toronto’s suburbs jumped 106% this summer
From Canada Day to the summer wind down at the end of September, buyers fanned out across Toronto’s ‘905’ suburbs and scooped up 3,834 new condo units.
The surge in buyer activity over 2020’s third quarter meant that new condo sales…
Toronto condo rents fall over 9% despite record-breaking market activity
Toronto’s renters sprung into action over the third quarter of 2020, signing a record number of new rental condo leases for the three-month period as listings surged.
And, with so much choice for renters in the market, investor-owners were…
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