Toronto Investment Properties

Moving into your new condo and it's still under construction? You need to read this!

Things you should know before moving into your new condo during interim occupancy Moving into your new condo is an exciting thing to do, especially if you’re a first-time buyer. If you’re moving in before the building is registered and you’re paying interim occupancy fees, it means there will likely still be construction underway.

The strong price growth was largely driven by the condo market, which spiked by 5.1% to $588,168. The only housing type to see a decrease in average selling price was detached homes, falling 1.3% to $1,018,147. https://www.newinhomes.com/blog/greater-toronto-area-real-estate-heating-up-with-the-weather. https://www.newinhomes.com/blog/greater-toronto-area-real-estate-heating-up-with-the-weather

The overall average selling price of a home in the GTA increased 1.6% year-over-year to $780,397. The greatest price growth was seen in the semi-detached market with the average increasing 9.9% year-over-year to $832,569. Condo price growth followed with a 6.1% jump to $562,161. https://bit.ly/2HkaI1t

According to a new report from the Centre for Urban Research and Land Development, there’s plenty of space for new transit oriented development, but outdated city bylaws are preventing new housing from being built. https://bit.ly/2XHBXsK

Toronto Condo Prices Soar 28%, Pass Half-Million Mark The condo craze has outlasted the single-family home craze, but it too may be on its last legs.

Soaring detached home price will drive up condo price in the next few years!

Price gap between Toronto houses and condos expected to shrink Divide between condos and houses could narrow with more low-rise housing projects and cooling market