• Remax-Condos-Plus
  • 29 September 2017

Since April, the hottest real estate market in Toronto has been luxury condo sales. In 2016, the highest price for a condo was 6.5 million. This year, the highest priced condo was 11 million. Did you know, sales over 1 million dollars for condos are 86% higher in 2017 than for the same period last year. In contrast, the overall market is down by 16%. So why the sudden interest?

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  • Remax-Condos-Plus
  • 27 July 2011

Our Company has been selling condos for over a decade in Toronto. Looking back, everyone believes that the condo market has gone straight up and the good times just rolled on – uninterrupted. However nothing could be further from the truth!

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  • Remax-Condos-Plus
  • 07 June 2011

Most experts and economists continue to forecast a market correction with condos being the most vulnerable. But when you weigh the factors, condos keep coming out on top! People have less money to spend with rising gas prices taking even money out of consumers’ pockets.

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  • Remax-Condos-Plus
  • 22 December 2010

 In the past month, I have been asked by a research company, a big five accounting firm, and an economics group to participate in real estate surveys. Each survey was 20 minutes long. Two would be over the phone and one was an email questionnaire

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  • Remax-Condos-Plus
  • 20 October 2010

The Bank of Canada and most experts are blaming low mortgage interest rates for the stampede to the market by buyers which has seen condo (and most Toronto area markets) experience prices rising by more than 1% per month.

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  • Remax-Condos-Plus
  • 06 October 2010

We have been tracking sales since July – the month that Armageddon was supposed to hit the real estate market. Sure sales volumes dropped significantly from June.

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  • Remax-Condos-Plus
  • 23 September 2010

The whole focus of media today is whether buying a condo is a good investment or not. Since real estate investment has outperformed the stock market in the last ten years, investment gurus have been desperate to down play real estate (vested interest?) and try to outdo each other with predictions of a real estate bubble.

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  • Remax-Condos-Plus
  • 14 September 2010

 While new condo developments continue to sell out, the buyer mix is changing. Developers think they know their buyers but they don’t! Most buyers for new projects are brought in by real estate agents – they don’t just show up at the new sales centre.

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  • Remax-Condos-Plus
  • 12 May 2010

Everyone thinks the condo and Toronto real estate markets will end come July 1st. Not so! The market is already changing now – ahead of July 1st

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  • Remax-Condos-Plus
  • 14 April 2010

While most people place the blame, or credit, for CMHC changes to lending practices scheduled for April 19 with the Finance Dept., it was really the banks who lobbied for tighter rules. Making buyers qualify at the posted five year mortgage rate seemed straight forward (buyers were already being qualified at the three year rate previously)

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