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2018 Condos Market Outlook in Toronto

BAZIS 1 Yorkville condos
BAZIS 1 Yorkville

While news headlines show dramatic changes in market conditions from 2016 to 2017, if one looks deeper, the picture is much more stable than would first appear.  It’s important to note that 2015 and 2016 were not typical years.  With an almost frantic pace fueled by low inventory, buyers scrambled to buy, resulting in bidding wars and a huge upswing in sales numbers.  The activity seen in those two years make the return to more normal conditions in 2017 and 2018 appear much more dramatic than they actually are. Continue reading

Condo Market: Forecasting for Fall

The change of seasons brings with it a new forecast for market trends in both real estate and design.

At the beginning of the summer, both the Toronto Real Estate Board (TREB) and Canadian Real Estate Association (CREA) released their forecast for the fall housing market indicating a favourable outlook for condos. TREB reports indicated a decline in home sales overall, but the smallest decline came in the form of condo sales. Continue reading