New Rent control rules may bring back sky-high rent increases for Toronto condo tenants With new Rent control rules and the province of Ontario scrapping rent control for new units across Ontario as of November 15, 2018, affordable housing advocates are warning that the changes could mark a return […]
growth in condo rents
Toronto condo market price growth expected to slow down in 2019
In the real estate obsessed Toronto region, 2018 was the year of the condo — again. Condo prices have been rising for the past three (3) years. The conditions that made it tougher to buy a house this year — tighter mortgage qualification rules, higher interest rates — contributed to […]
Toronto Condo buyer needs $100,000 in income to buy a Condo in 2019
Toronto Condo buyer needs $100,000 in income to buy a Condo in 2019 Condo rents up 10.7 per cent as fewer buy homes One-third of would-be buyers have exited the market Some relief ahead for homebuyers, Urbanation predicts The income needed to qualify for a mortgage (mortgage qualifying) […]
Toronto condo rent hikes may slow in 2019 with more condo units available for rent in 2019
The average rent for a one-bedroom condo in the Toronto region has surpassed $2,000 for the first time, hitting $2,056 in the third quarter of 2018, according to market research firm Urbanation. Mr. Hildebrand, President, said he expects rents to moderate going into 2019 as more apartments […]
Toronto Condo market set to level off in 2019
The Toronto condo market is set to level off in the first quarter of 2018, but not before the average downtown price per square foot crosses the $1,000 threshold for pre-construction units, says Shaun Hildebrand, senior vice-president of real estate market research firm Urbanation. Unsold condo inventory has […]
