In light of Toronto and Vancouver's condominium conundrum, where prices for shoebox units remain high despite plummeting sales and rising inventory, Statistics Canada has released data demonstrating the role that investors may play in the issue.According to StatsCan, investors owned 65% of Toronto's...| Storeys
Explore rental income in Canadian real estate - how it’s earned, reported, and managed for tax and investment purposes.| Storeys
Over half of the condo apartments built in Toronto in recent years were owned by investors, according to new data from Statistics Canada.From 2016 to 2021, investors owned 37,580 newly constructed condos in Toronto, accounting for 56.7% of new builds. It seems that this percentage of investor-owned ...| Storeys
Learn what condo fees are in Canadian real estate, how they're calculated, what they cover, and how they affect the cost of owning a condominium.| Storeys
At a press conference on July 22, Ontario Premier Doug Ford stood before a room full of reporters and told them, to scattered applause, that new homes would “pop up like mushrooms everywhere” if the Bank of Canada lowered interest rates. And he was fairly specific about it, saying that this supposed...| Storeys
Data from Urbanation and CIBC highlights the fact that the GTA is “facing the most significant test since the 1991 recession,” and condo investors are feeling it hard.| Storeys
Toronto condo investors were losing an average of $223 per month in 2022, compared with earnings of $63 per month in 2020.| Storeys
Explore how mortgages work in Canadian real estate, what terms they include, and how buyers qualify, repay, and manage home loans.| Storeys
Understand housing affordability in Canadian real estate — how it's measured, why it matters, and what impacts access to affordable housing.| Storeys
New condo launches have been sparse in the Greater Toronto and Hamilton Area amid the higher interest rate environment. In fact, there was just one high-rise condo launch to speak of in the first few months of this year, which is atypical for the region. And it seems that things have gone from bad t...| STOREYS