How much does a condo in Toronto cost based on the sales within the past year? We have done all the heavy lifting for you so you don’t have to. Here’s an easy graphic of prices within a 0.3km radius of each TTC subway station!
I was quite surprised by the recent announcement that the Bank of Canada plans on purchasing mortgage-backed securities for its balance sheet. Their plan is to purchase a bundle of CMHC-backed mortgages as investments. The Bank of Canada maintains that it will continue to be impartial when setting interest rates despite this transaction.
This bright, South-facing, split bedroom suite with open-concept kitchen is the perfect place to entertain, Hang out or just live. It Offers a balcony fit for your morning coffee. The master bedroom features a walk-in closet, ensuite bathroom with soaker tub Located in the heart of the Junction, this condo is walking distance to all of the hip restaurants, coffee shops and transit.
Fridge, Stove, Dishwasher, White Washer and Dryer. All Window Coverings.
Prior to April 2017, rent control only existed for buildings built before 1991. Most of the new condos being built were not under rent control. According to Urbanation, a third of condo rental stock comes from individual investors, domestic & foreign, who have purchased condos and have rented them out. 27,219 units were leased on MLS in 2017. 50% of the new condo buildings are used as rentals. Prior to April 2017, Landlords were given free rein to increase rents on an annual basis.
Does size matter?
When buying a condo, you need to determine what size space you’d like to live in. The older condo buildings tend to have much larger units available than the newer buildings. The average size condo in a newer (less than 5 years old) building is less than 600 sq ft. If you want space you need to look at an older building. Continue Reading
Are you frustrated with the lack of townhouses on the market? Are you living in a condo in the Davisville area and wish you could afford something larger in the area but you’ve found the houses just too out of reach? Well, look no further than this roomy 1700+ sq ft of living space located on Merton Street. You can even enjoy direct access from the garage inside to your townhouse.
The spacious and bright living & dining room is ideal for entertaining or a busy family life. The large kitchen will allow you to accommodate guests in what inevitably becomes a kitchen party or cook up a feast with some friends.
With a large laundry room completing the necessities of life is easy. A second floor office is ideal for working from home as it has it’s separate entrance and a patio. Or use it as a den where you can steal away with a good book or catch up on Netflix. Powder room. On the third floor enjoy your large bright master bedroom retreat complete with a large closet. The master ensuite features a separate tub and shower.
Here’s what happened in Toronto’s condo market in 2017, plain and simple.