Ontario’s HST rebate has sparked a new home sales surge in the Greater Toronto Area.

Don Kottick, president of REMAX Canada, explains how owners can meet evolving expectations and improve the long-term value of their homes.

Toronto’s once-booming condo market has been deteriorating over the past year, echoing the condo crash of the 1990s. However, a new report from Canada Mortgage Housing Corporation suggests a less severe outcome this time around.

CMHC found that sales declined by 75 per cent in Toronto and 37 per cent in Vancouver over the past three years.

Nearly 3,500 new condo units in Vancouver could remain unsold this year as completions outpace demand.

Condo listings have soared across seven large urban centres since January.

The Greater Toronto Hamilton Area new condo market reported 567 sales in Q3-2024, the lowest quarterly total since 1995.

While overall activity has declined, condo supply continues to remain very constrained in the primary GTA markets. However, new pre-construction launches continue to be very popular.

Those seeking more affordable housing options are finding a cure-all in the condo market, which offers affordability, availability, amenities, and neighbourhood liveability.

The new condo market in the GTA has not only fully recovered from a pandemic slump, but reached record sales in the second quarter of 2021.

Condos have appreciated more than any other housing type in the GTA when comparing the average price from the housing peak in 2017 to today.

In tech-giant style, PRIME will offer 4,000 square feet of Facebook-inspired outdoor and indoor co-working space and an expansive 24-hour fitness facility.

The Greater Toronto Area’s condo market hasn’t emerged completely unscathed. But it’s not all bad news.

In the shadow of a possible second wave, realtors forge ahead with the new reality of buying and selling condos.

Tighter condo market conditions were reported over the past year, with new condo listings diving by 11.9 per cent at the end 2019.

Housing activity is expected to rebound in the GTA over the next couple of years, with condo apartments leading the way in sales and construction.

It's becoming harder for renting Canadians to make a move to condos. This is according to an RBC housing report that indicates the high price of single-family housing is driving demand for condos and creating intense affordability pressures.