TORONTO – April 22, 2024: Urbanation Inc., the leading source of information and analysis on the condominium market since 1981, released its Q1-2024 Condominium Market Survey results today.| www.urbanation.ca
Affordability challenges reverberated through the Greater Toronto Area’s (GTA) new condo market in 2023, and new data shows that buyers simply weren’t biting as the year drew to a close. Urbanation reported on Thursday that 22,477 new condominium units went unsold in the GTA in the final quarter of ...| Storeys
Distressed real estate sales have spiked recently and there is a reason why most of it is development land, says Colliers' Jeremiah Shamess.| Storeys
When it comes to high-rise condo launches in the Greater Toronto Area (GTA) this year, the market has been pretty quiet. In fact, until just a few days ago, it hadn't made a single peep.On Friday, developer Greenpark Group launched sales for their 25-storey Richmond Hill development, Evelyn Condos a...| Storeys
Amid daunting borrowing conditions, unrelenting prices, and sales that have sagged to close to a 30-year low, new condominium inventory continues to sweat on the Greater Toronto and Hamilton Area’s market, new data from Urbanation shows. The research and consultancy firm released its latest analysis...| Storeys
Just a few years ago, in April 2022, Jeremiah Shamess brokered a $90M sale of a high-rise development site in Toronto’s entertainment district. Shamess — who sells development land at Colliers, and also leads the Colliers Private Capital Investment Group — didn’t necessarily know it at the time, but...| Storeys
We may now be three interest rate cuts in (with a fourth anticipated for next week), but rates have already left an indelible mark on the Greater Toronto and Hamilton Area’s new condominium market. In fact, over the past two years, 33 new condo projects that were actively selling have been converted...| Storeys
Explore how buying new construction works in Canadian real estate, including timelines, warranty coverage, and key legal and financial considerations.| Storeys
Explore how mortgages work in Canadian real estate, what terms they include, and how buyers qualify, repay, and manage home loans.| 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