Why Aren’t Condo Prices Falling Yet?
The Greater Toronto Area has a record 11,079 condominium units available for sale, the highest number of units for any month in any year.
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The Greater Toronto Area has a record 11,079 condominium units available for sale, the highest number of units for any month in any year.
The number of condos available for sale in the Toronto area has reached another new record high — so will this surge ease our housing shortage?
At the end of May, the Toronto area had 9,951 condominiums available for sale, the highest number of units for sale for any month in recent history.
Since February 2022, condo sales and prices are declining far more rapidly in the suburbs than in the City of Toronto.
A clarification on the amount of HST to be applied to assignment sales after a confusing budget announcement.
How a new measure to target property speculation might disrupt the market.
Condo buyers were pulled eastward in the search for affordability.
A deeper dig into a new pitch from 'Key'.
Following the pandemic-induced slowdown, the number of leased condo units has returned to a historically high level.
As agents suggest that demand from investors for Toronto condos has likely exceeded pre-pandemic levels, we dig into the numbers to see.
This month we do a data dive on the City of Toronto’s volatile condo market over the past year.
In this post we look at the condominium neighbourhoods within the Toronto and GTA area that have performed well in terms of home price appreciation during 2020.
Realosophy's John Pasalis talks to BNN's Greg Bonnell about record month in which sales surged 64.5 per cent year-over-year amidst double-digit gains in all property types.
This month's Move Smartly report discusses when Toronto's downtown condo market will return to normal and the many vulnerabilities it faces.
With the Toronto condo market cooling, this month's Move Smartly report investigates which condos are to watch - and which to avoid.
This month, The Move Smartly Report digs into where Toronto's surge in condo rental supply is coming from.
The average rent for a condo across the Toronto area is down, while units for rent climb.
This week, I talked to BNN Bloomberg about the questions you should be asking yourself before investing in a pre-construction condo.
Condos in the Greater Toronto Area are fetching prices 15% higher than last year - but this time, it's not because of higher demand.
One data trend emerges starkly amongst a litany of theories.
One of the trickiest rooms to get right in smaller homes is the kid's playroom - here's how to do it.
An investigation into the claim that thousands of Toronto investor-owned condos are sitting empty.
Given how pervasive condos are to city living, why are so many unit owners out of touch with how condos are managed?
All Toronto area regions saw sales grow by double digits - except for Halton.
Why you don't need to live in a bigger space just to keep up with the Joneses - or to thrive as a family.
I've seen many interesting things in Toronto's real estate market over the past twenty years, but recently came across one of the oddest things I've ever seen.
Toronto area condo prices are now out of reach for many buyers, pushing sales down - so what's keeping prices up?
Condos have helped to prop up a drooping real estate market in the Toronto area - but has demand for them started to cool?
What happens when an owner receives an incorrect status certificate issued by a condominium corporation?
What happens when the rights of smoking and non-smoking tenants and landlords conflict?
The Canadian federal government introduced new mortgage rules in the fall of 2016 to combat rapidly increasing home prices - but have they driven up condo prices instead?
With Toronto Areacondo sales down 26% in April 2018, many buyers are wondering why the condo market is still incredibly competitive and prices are still up.
How is it that 22 condominium owners in a north Toronto development do not own the units they are living in?
John Pasalis in Toronto Real Estate News, Condo Buying
Ryerson’s City Building Institute published an interesting paper this week that concluded that builders are not building...
Bob Aaron in Condo Buying, Legal
With parts of the new Condominium Act coming into force next week, there is concern about important consumer protection sections in the act that...
Bob Aaron in Legal, Condo Buying
When marijuana becomes legal next summer, landlords, tenants and condominium owners can expect an increase in disputes related to both indoor...
Last week we touched on how to assess the impact of investors when evaluating a condo building – this week we’re going to take it one step further by delving into three other...
The condo market in Toronto seems to be unfazed by the introduction of the Ontario Government’s new Fair Housing Plan. In some instances, the number of units bought by investors...
Recently, there were two homes on the market with the same offer date and my clients were trying to figure out which one they would offer on – one in Port Credit, Mississauga and...
From a legal perspective, buying a pre-construction condo can be an even more involved process than buying a resale property as there are many additional aspects to consider –...
More home buyers are considering condo style living as an alternative to freehold housing due to the widening price gap between the two types. Although a viable housing choice...
Nicole Harrington in Listings of the Week
Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to focus on...
Bob Aaron in Legal, Condo Buying
Should condominium corporations disclose the existence of Kitec plumbing to potential buyers on their status certificates? That was the question...
Nicole Harrington in Listings of the Week
Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to focus...
Bob Aaron in Legal, Home Buying, Condo Buying
What should a buyer do when the status certificate for their condominium purchase shows that the corporation is involved in...
Nicole Harrington in Listings of the Week
Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to focus...
Nicole Harrington in Listings of the Week
Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing to focus on each...
Nicole Harrington in Listings of the Week
Here's my closer look at a recent Realosophy listing brought to market by our busy sales team - along with key insights and the bigger...
Nicole Harrington in Listings of the Week
Toronto’s housing market is as diverse as its people, ranging in price, size, and décor. We pick the top Toronto listing in each category...
Many research focused home buyers looking to make a smart home buying decision will often invest a lot of their time studying the average price per...
Bob Aaron in Legal, Home Buying, Condo Buying
There’s good news and bad news for homebuyers who would like to see a formal licensing protocol instituted for the province’s home...
Bob Aaron in Legal in Home Buying, Condo Buying
A decision by the Tax Court of Canada last month has muddied the waters about who is — and is not — entitled to the new-home...
Nicole Harrington in Home Buying
Feeling Priced Out? What Options do New Home Buyers Have in the Toronto Market?
With houses selling for hundreds of thousands of dollars...
Bob Aaron in Legal, Condo Buying
Editor's Note: This article was first published Feb 13 2016.
Thousands of purchasers of new condominiums are being overcharged for property taxes
Bob Aaron in Legal, Condo Buying
Recent lawsuits over material changes in final sale agreements have ended with the courts ordering buyers’ deposits fully refunded.
Three...
Bob Aaron in Legal, Home Buying, Condo Buying
A review of consumer protections for owners of new homes is set to get underway.
Retired associate chief justice J. Douglas...
Bob Aaron in Legal, Home Buying, Condo Buying
A squeaky wooden floor was at the centre of a recent decision by the Ontario Licence Appeal Tribunal that overruled the province’s...
Ashleigh Dorrington in Condo Buying, Home Buying, Leslieville
Broadview Lofts
If you like lattes, antiquing and walking to work then the east end of Toronto might be for you....
Bob Aaron in Legal, Condo Buying
This is the story of a $47,000 dog named Peaches and its troubled stay in a Barrie condominium.
It all began back in July, 2014, when Dianna...
John Pasalis in Toronto Real Estate News, Condo Buying
Given all the press about Toronto’s booming condo market, it’s no surprise that one of the most common questions I get from...
Bob Aaron in Legal, Home Buying, Condo Buying
Two areas involving builder agreements of purchase and sale that cry out for action by the new homes provincial watchdog are...
Bob Aaron in Legal, Condo Buying
“If Shakespeare was alive today and owned a condo in Ontario (let’s say Stratford), he would have ample material for a new play about...
Bob Aaron in Legal, Condo Buying
Last month I wrote about a court case involving the purchase of a condo townhouse with a third floor attic conversion that did not comply with...
John in Toronto Real Estate News
As a follow up to my previous post which looked more closely at the market for houses in 2014, this week I’m going to look at Toronto’s condo...
Bob Aaron in Legal, Condo Buying
A major decision of the Ontario Court of Appeal last week has raised the bar on the level of due diligence required by condominium corporations...
John in Toronto Real Estate News, Home Buying, Condo Buying, Home Selling
Realosophy released its semi-annual Home Value Survey for the Globe and Mail today and I thought this...
Bob Aaron in Legal, Condo Buying
What happens if condominium board members fail to comply with the Condominium Act? That question was the focus of a case which ultimately wound...
Bob Aaron in Legal, Condo Buying
Photo Courtesy: iStock.com
Why does a lawyer have to review the condominium status certificate on a resale purchase? What are the risks if it’s...
Bob Aaron in Legal, Condo Buying
Photo Courtesy: iStock.com
We have experienced an overwhelming smell of cigar smoke coming from the condominium unit above ours. What can we do?
Bob Aaron in Legal, Home Buying, Condo BuyingPhoto Courtesy: iStock.com
Where can I find the size of the condo unit I’m buying in the builder’s pre-construction contract?
I...
Bob Aaron in Legal, Toronto Real Estate News, Condo Buying, Home Buying
Many buyers of new homes and condominiums may be surprised to receive a demand from Canada Revenue Agency...
Bob Aaron in Legal, Toronto Real Estate News, Condo Buying, Home Buying
A recent court decision raises the thorny issue of whether it should be legal for builders to restrict...
Bob Aaron in Legal, Toronto Real Estate News, Condo Buying, Home Buying
A sea change is coming for the management and operation of the province’s 600,000 condominium units if...
John Pasalis in Toronto Real Estate News and Condo Buying
If you’re a condo buyer in Toronto it’s certainly tough to make sense of what’s really happening in the market. In the...
John Pasalis in Toronto Real Estate News and Condo Buying
Ever since the federal government reduced the maximum amortization on insured mortgages in Canada back in July 2012 we...
John Pasalis in Toronto Real Estate News and Condo Buying
Over the past six years, federal Finance Minister Jim Flaherty has influenced the Canadian residential real estate...
Bob Aaron in Legal, Home Buying, Condo Buying
Despite the fact that residential title insurance has been commonplace in Ontario for the last 15 years, many of my clients still...
John Pasalis in Toronto Real Estate News, Condo Buying
I have received a number of emails from readers recently asking me if this is a good time to buy a pre-construction condo...
Bob Aaron in Legal, Condo Buying
A recent decision of the Superior Court of Justice in London, Ont., carries a powerful message about the consequences that can result when a...
John Pasalis in Toronto Real Estate News, Condo Buying
The Toronto Real Estate Board released their August sales statistics yesterday and while there are a couple of interesting...
Bob Aaron in Legal, Condo Buying, Toronto Real Estate News
In June, the McGuinty government announced a public consultation process to “modernize” the 1998 Condominium Act to...
Bob Aaron in Legal, Condo Buying
Condominium corporations have a duty to accommodate residents who have sensitivity to second-hand cigarette smoke, according to a recent decision...
John Pasalis and Urmi Desai in Toronto Real Estate News, Toronto Condos
Over the past couple of years we’ve heard Mark Carney and Jim Flaherty escalate their concerns about...
Bob Aaron in Condo Buying, Legal
Peel Condominium Corp. 108 is an attractive townhouse development built in 2002 on Central Park Dr. in Brampton.
Back in April 2009, the board of...
Bob Aaron in Legal, Condo Buying
In a landmark consumer protection initiative, the Tarion Warranty Corp. has proposed a requirement that builder purchase agreements set out in one...
John Pasalis in Condo Buying, Home Buying, Toronto Real Estate News
If there’s one thing that concerns me about Toronto’s real estate market it's the uncertainty about the boom we...
Bob Aaron in Condo Buying, Legal
A Superior Court decision released last month underscores the importance of reviewing condominium floor plans before completing the purchase of a...
Bob Aaron in Legal, Home Buying, Condo Buying
With thousands of new Toronto condominiums being completed each year, investor purchasers are putting many of them on the market,...
Bob Aaron in Home Buying, Condo Buying, Home Selling, Legal
One of the biggest challenges facing the new home industry today is the problem of illegal construction and sale of...
Urmi Desai in Five Questions, Toronto Real Estate News, Condo Buying
Editor's Note: In our "Five Questions" series, Move Smartly bloggers get answers to the questions we'd all...
Bob Aaron in Home Buying, Condo Buying, Legal
In my column on April 2, I wrote about a study by Halifax Home Insurance in the U.K. which reported that more than 360,000 Britons,...
Bob Aaron in Legal, Condo Buying
A Toronto-area builder has filed a notice of appeal after losing two small claims court cases to new condominium buyers who sued to recover...
Bob Aaron in Legal, Condo Buying
Last month two clients of mine were closing on the purchase of a new Toronto condominium. When they received the final statement of adjustments...
Bob Aaron in Condo Buying, Home Buying, Legal
The Park Lake Residences condominium project is located on Lake Shore Blvd. W. at Ellis Ave., near the foot of Windermere. Built by...
Bob Aaron in Legal, Condo Buying
The Ontario Court of Appeal has reversed a lower court decision that ruled that all of the unit owners of a new condominium project did not have...
Realosophy in Toronto Real Estate News, Toronto Condos and Lofts
From Urbanation's Q2-2010 market overview and press release of August 3rd:
New condominium sales of 4,991 in...
David Eakins in Leslieville, Toronto Condos and Lofts, Toronto Neighbourhoods
Here's another question we've been getting from many residents: "What's going on with the Stage...
David Eakins in Toronto Neighbourhoods, Leslieville
"What's the story with the stagnating pit at the corner of Queen and Pape?" That's the question many residents have been...
Realosophy in Toronto Real Estate News, Toronto Condos and Lofts
From Urbanation's Q1-2010 market overview and press release today:
Urbanation Editor and Executive Vice...
Bob Aaron in Legal, Condo Buying Tips
In 2005, Stuart signed an agreement to purchase a condominium unit for $326,900 in an upscale 20-storey project not far from the Annex area.
Bob Aaron in Legal, Condo Buying Tips
Terry is a 23-year-old public servant, having recently graduated with a bachelor of commerce degree.
He is ready to buy his first home, and...
John Pasalis in Toronto Real Estate News, Condo Buying Tips
Toronto’s condo market is on solid ground according to a recent research paper published by Scotiabank Economics....
Bob Aaron in Legal, Condo Buying Tips
Last week I had the opportunity to review a condominium builder purchase agreement with a couple of clients. They had been told in the sales...
Rachel Loizos in Legal, Condo Buying Tips, Home Buying Tips
In his recent article, Condo Buyers should prepare for ‘phantom’ rent, Terrence Belford of the Globe and Mail...
John Pasalis in Toronto Real Estate News, Condo Buying Tips
In May of this year the Canadian Mortgage and Housing Corporation (CMHC) released an optimistic report on Toronto's...
John Pasalis in Toronto Real Estate News, Condo Buying Tips
The past ten years have been kind to home buyers and real estate speculators who invested in pre-construction...
John Pasalis in Toronto Real Estate News, Condo Buying Tips
Last week I raised a couple of concerns about a recent Canada Mortgage and Housing Corporation (CMHC) report that had...
John in Condo Buying Tips, Legal
A couple of months ago, CBCs’ Marketplace had a great feature that highlighted many of the problems that buyers of new condominiums are faced...
Rachel in Condo Buying, Legal
If you are currently or have ever considered buying a condo, you should check out this site. It belongs to the Canadian Alliance for Condominium...
John in Toronto Real Estate News
Urbancorp, the developer behind West Side Lofts and Bridge Condos, is Toronto’s first condo developer to leverage Facebook’s new advertising...
John in Toronto Condos and Lofts, Toronto Real Estate News
Rachel in Condo Buying, Legal, Ask an Expert
This post is a collection of some popular questions that I have received over the last little while that I thought might be of...
Rachel in Condo Buying, Legal, Money
A HomeBuyer can decide to buy a new condo at any point that units are available for sale – meaning from the time the sales office is open all...
Jesse in Condo Buying, Legal, Lifestyle
You have found your ideal condominium. It may be a conversion of sorts, a shiny high-rise in a tony neighbourhood or one of the row house...
Jesse in Toronto Neighbourhoods, Toronto Condos and Lofts
A short while, I had lamented on Toronto’s seemingly lack of recognition to buildings that were erected during its...
John in Condo Buying, Toronto Real Estate News
Now that the dust has settled on the insanity that was the 1 Bloor broker preview, we can start asking what the future holds for...
Rachel in Legal, Home Buying, Condo Buying
You have finally received the good news that your new home is (almost) ready. Only a few more loose ends to tie up before you can...
Urmi in Toronto Real Estate News
Nice to know that my spidey-sense is more than a caffeine-induced health emergency. At the start of this week, I was curious as to why developers...
Rachel in Legal, Condo Buying
Very few people give a second thought to insurance coverage issues until disaster strikes – arguably not the best time to start wondering if you...
John in Toronto Condos and Lofts
idea At a Glance
Neighbourhood: Long BranchTotal Suites: To be announcedExpected Occupancy: December 2009Developer: Queenscorp Residences...
Jesse in Lifestyle, Condos, In the News
A few months ago, a fabulous brochure landed in my mailbox. Printed on high-quality, lustrous paper it captivated me with everything that...
Urmi in Neighbourhoods, Lifestyle, Condos, In the News
Urban planning enthralls me, like so many others, because it holds out that tantalizing promise of agency, that assertion...
Rachel in Condos, HomeBuying, Money
When you purchase a new home or condominium, on your statement of adjustments, there will be a section that references realty taxes (also known...
Rachel in Condos, HomeBuying, Legal, Money
Nothing sends clients reeling like the statement of adjustments on a new condominium closing, except, perhaps the statement of...
Rezen is a new condominium project currently under construction at the corner of Frederick and Adelaide, just west of Sherbourne. This condo is a short walk from...
Rachel in Legal, HomeBuying, Condos
There is a very interesting period during the purchase of a new condominium that resembles something between ownership and renting...known as...
Rumor has it that Boutique Condos will be adding an additional 16 floors on top of its Phase 2 condo at the corners of Nelson and Simcoe in Toronto's ...
Five short years ago, the only reason most people were driving by the corner of Cherry and Mill streets was to get to a Toronto landmark, the Canary Restaurant. As...
Rachel in Legal, Condos, HomeBuying, Real Insight
Ed note. Real Insight is a periodic feature decoding some of the many mysteries surrounding HomeBuying.
A very dear friend of...
Welcome to realosophy.com! We hope that you are as excited as we are about our new Toronto HomeBuyer’s website.
We are a group of young consumers and professionals who once...
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