Homeowners brace for mortgage payment shock amid higher-for-longer rate outlook

10/2/2023 | Posted in Home Owners by Jessi Sandhu

With interest rates increasingly expected to stay higher for longer, many of the homeowners who locked in low rates years ago are likely bracing themselves for financial pain as ... More

Tags: Condo Owners, Home Owners, Mortgage Consumers, Mortgage Interest Costs, Mortgage Rates Canada

Five Things Every New Condo Buyer Should Know

1/3/2020 | Posted in Home Buyers by Jessi Sandhu

Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer. ... More

Tags: Condo Living, Condo Owners, Home Buyers, New Condos

GTA condo apartment sales up 3.2% in the second quarter

7/29/2019 | Posted in GTA Real Estate by Jessi Sandhu

The market for condo apartments remained strong in the Greater Toronto Area in the second quarter. ... More

Tags: Condo Buyers, Condo Living, Condo Market, Condo Owners, Condo Prices Toronto, Condo Rental, Condo Sales Toronto, GTA Condo Market, Toronto Condo Market

1 in 10 new Toronto condos are owned by non-Canadian residents

4/16/2019 | Posted in Toronto Real Estate by Jessi Sandhu

A staggering new analysis of foreign-owned residential properties in Canada reveals that at least 10 per cent of all condos built in Toronto between 2016 and ... More

Tags: Condo Buyers, Condo Market, Condo Owners, Condo Prices Toronto, Condo Sales Toronto, Foreign Buyers, Foreign Investors, GTA Condo Market, New Condos, Preconstruction Condo Sales, Toronto Condo Market, Toronto Real Estate

Canadian homeownership rates still among highest globally

3/6/2019 | Posted in Canadian Housing Market by Jessi Sandhu

Homeownership rates in Canada remain among the highest in the world despite housing affordability concerns across the country, according to the Royal Bank of Canada (RBC). ... More

Tags: Canada, Canadian Housing Market, Canadian Real Estate Market Outlook, Condo Owners, Home Owners, Home Ownership

Strong returns for condo investors in tight GTA market

7/13/2018 | Posted in GTA Real Estate by Jessi Sandhu

Condo investors in the Greater Toronto Area are seeing strong gains in rents according to a new report. ... More

Tags: Condo Living, Condo Market, Condo Owners, Condo Prices Toronto, Condo Rental, Condo Sales Toronto, GTA Condo Market, Luxury Condos, New Condos, Toronto Condo Market

How not to get hammered by rising condo fees

5/17/2018 | Posted in Community by Jessi Sandhu

Condos can be a problem-solver in today’s real estate market. But there’s also a sense of dread associated with condos, specifically with the monthly maintenance fees ... More

Tags: Condo Buyers, Condo Fees, Condo Living, Condo Owners, Condos, Cost of Living

Province to lift electric vehicle roadblocks for condo owners

4/23/2018 | Posted in Ontario Real Estate by Jessi Sandhu

Condo dwellers in Ontario will soon have an easier time charging their electric vehicles at home, part of a province-wide plan to reduce emissions and fight climate ... More

Tags: Condo Owners, Ontario Real Estate News

Foreign buyers a minuscule portion of housing market: CMHC

12/21/2017 | Posted in Foreign Buyers by Jessi Sandhu

Foreign buyers make up a minuscule portion of the overall housing market in this country, new research shows, but what they own is more expensive and newer than the average ... More

Tags: Canada, Canadian Housing Market, Condo Owners, Foreign Buyers, Foreign Investors, Home Owners, Housing Affordability

Condo disputes can now be resolved online

11/8/2017 | Posted in Ontario Real Estate by Jessi Sandhu

Ontario's new condo tribunal is accessible but will only mediate and adjudicate one kind of dispute to begin. ... More

Tags: Condo Owners, Condominium Act, Condos, Ontario, Ontario Real Estate News

Ontario begins rolling out new condo-board regulations

8/1/2017 | Posted in Ontario Real Estate by Jessi Sandhu

Names of Ontario condominium directors will be listed in a public database under new regulations unveiled this month, as the province begins to implement a new law to protect unit ... More

Tags: Condo Buyers, Condo Owners, Condos, Ontario, Ontario Real Estate, Ontario Real Estate News

GTA condo sales up more than 20 per cent

4/26/2017 | Posted in GTA Real Estate by Jessi Sandhu

The sale of condos in the Greater Toronto Area continues to surge with a 21.7 per cent in the first three months of 2017 compared to the same period of 2016. ... More

Tags: Condo Buyers, Condo Market, Condo Owners, Condo Prices Toronto, Condo Sales Toronto, GTA, GTA News, GTA Real Estate Market, Toronto Real Estate, Toronto Residential, TREB

Impact of U.S. Fed rate hike - Warning

3/14/2017 | Posted in Mortgage Interest Rates by Jessi Sandhu

Locking in a rate before mortgages become more expensive is the best choice at present, as recent developments have pointed at a possible U.S. Federal Reserve rate hike in 2017. ... More

Tags: Canada, Condo Owners, Fixed Rate Mortgages, Home Buyers, Home Owners, Market Conditions, Mortgage Consumers, Mortgage Rates, Mortgage Rates Canada, Mortgage Trends, Mortgages & Real Estate

Foreign ownership of Canadian condos down from 2015: CMHC

12/7/2016 | Posted in Real Estate News by Jessi Sandhu

Foreign ownership of existing Canadian condominium units in Canada's three biggest cities has declined in 2016 compared with the previous two years, according to a ... More

Tags: Canada Mortgage and Housing Corporation, CMHC, Condo Market, Condo Owners, Condo Prices Toronto, Foreign Buyers, Investments

Tax implications of selling a home

12/2/2016 | Posted in Home Sellers by Jessi Sandhu

For Canadians who are planning to release their homes to the highly competitive real estate market, they need to be aware of the tax implications of the recent regulatory changes ... More

Tags: Condo Owners, Home Owners, Home Sellers, Home Selling Tips, Tax Implications

Mississauga residents brace for tax bill

12/2/2016 | Posted in Community by Jessi Sandhu

This week the City of Mississauga began its budget deliberations in council chambers. Staff presented a proposed tax increase of 5.9 per cent on the city’s portion (34 per ... More

Tags: Condo Owners, GTA Real Estate Market, Home Owners, Household Debt, Mississauga, Property Taxes

Toronto condo builders still can't keep pace with demand

11/25/2016 | Posted in Toronto Real Estate by Jessi Sandhu

With Vancouver’s real estate market in retreat, industry pundits are wondering how long the Toronto market’s strength will perservere. ... More

Tags: Condo Market, Condo Owners, Condo Prices Toronto, Condo Sales Toronto, Condos, Toronto Real Estate, Toronto Residential

Foreign buyers have limited power in GTA condo market as sales soar

10/28/2016 | Posted in GTA Real Estate by Jessi Sandhu

Foreign buyers play a limited part in condo sales activity in the Greater Toronto Area but investors play a key role in the market according to a new report from Urbanation. ... More

Tags: Condo Market, Condo Owners, Condo Prices Toronto, Condo Sales Toronto, Condos, Foreign Buyers, Foreign Investors, GTA News, GTA Real Estate Market, Mortgages & Real Estate, New Condos, New Developments, Real Estate, Real Estate Market, Real Estate News, Real Estate Trends

GTA high-rise sales breaking records

10/21/2016 | Posted in GTA Real Estate by Jessi Sandhu

Sales of high-rise homes in the GTA are set to break records in 2016 according to the Building Industry and Land Development Association (BILD). ... More

Tags: BILD, Condo Owners, Condo Prices Toronto, Condo Rental, Condo Sales Toronto, Condos, GTA News, GTA Real Estate Market

Housing market correction or 'a whole lot of nothing'?

10/18/2016 | Posted in Toronto Real Estate by Jessi Sandhu

As new mortgage rules come into effect that will limit the borrowing power of many buyers, there's uncertainty about the consequence this will have on Toronto's red-hot ... More

Tags: Canada Real Estate, Canadian Housing Market, Condo Owners, Condo Prices Toronto, Condo Sales Toronto, Condos, Market Conditions, Mortgage Consumers, Mortgages & Real Estate, Real Estate, Real Estate Market, Real Estate News, Real Estate Trends, Recreational Real Estate, Toronto Housing, Toronto Real Estate

Where are the most expensive condominiums in downtown Toronto?

10/18/2016 | Posted in Toronto Real Estate by Jessi Sandhu

According to the just-released results of a recent survey, major intersections play host to the costliest condominium units in downtown Toronto. ... More

Tags: Condo Owners, Condo Prices Toronto, Condo Rental, Condo Sales Toronto, Condos, Toronto, Toronto Housing, Toronto Real Estate, Toronto Residential

GTA on course for high-rise sales record

9/23/2016 | Posted in GTA Real Estate by Jessi Sandhu

Sales of high-rise homes in the Greater Toronto Area are on course to hit a whole-year record in 2016 with year-to-date sales already the highest ever. ... More

Tags: BILD, Condo Owners, Condo Prices Toronto, Condo Sales Toronto, Condos, GTA News, GTA Real Estate Market, Toronto

Condo supply slides to decade low

8/8/2016 | Posted in GTA Real Estate by Jessi Sandhu

The supply of new condos in the Greater Toronto Area hit the lowest level since 2010 in the second quarter of 2016. ... More

Tags: Condo Owners, Condos, GTA Real Estate Market, Toronto Housing, Toronto Real Estate, Toronto Residential

GTA condo sales overtake supply

7/4/2016 | Posted in GTA Real Estate by Jessi Sandhu

Condominiums are becoming an increasingly important part of the GTA’s housing market mix as development in the region grows more intense. January to April 2016 saw 6,229 ... More

Tags: Condo Owners, Condo Rental, Condos

Price hikes forcing rent increases

4/15/2016 | Posted in Toronto Real Estate by Jessi Sandhu

Investors in this market likely to enjoy even higher rents. Condo rents in Toronto have increased 6.8% year-over-year as vacancy rates fell to 0.5%, according to Urbanation. ... More

Tags: Condo Owners, Condo Rental, Condos, Toronto, Toronto Real Estate

Toronto, Vancouver condo investment is long-term says report

4/6/2016 | Posted in Real Estate Investments by Jessi Sandhu

Most investments in condos in Toronto and Vancouver are for long-term gains rather than making a quick buck. That’s according to a report from the CMHC which says investors ... More

Tags: CMHC, Condo Owners, Condos, Real Estate Investments, Real Estate Market, Real Estate News, Toronto, Vancouver

New condo rules will help 1.3M Ontarians

12/15/2015 | Posted in Real Estate News by Jessi Sandhu

Some 1.3 million Ontario condo dwellers will be better protected and have more rights under long-awaited new legislation. ... More

Tags: Condo Owners, Condos, Ontario