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How Is The Market For Condominium Assignments?

Toronto Realty Blog

TorontoRealtyBlog Are you reading your very first blog post here on Toronto Realty Blog? Instead, I’ve been writing about the perils of pre-construction condos since I started this blog back in 2007. Or are you a ten-year veteran? Time flies when you’re having fun, right? But, I digress. That made sense, right?

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TRB Pre-Construction Review: “Freed Hotel & Residences”

Toronto Realty Blog

This project began sales not too long ago and I was sent an information package by real estate agents, blog readers, and clients alike. Two weeks ago, we talked about the condominium assignment market and how so many “investors” who purchased back in 2018, 2019, or 2020 are now having to sell their properties at a loss.

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How Are Pre-Construction Sales This Fall?

Toronto Realty Blog

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? But even in this market? I’m not entirely sure.

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Friday’s Quick Hits!

Toronto Realty Blog

While I have a very lengthy and somewhat contentious blog post lined up for next week, let’s first take a look at some stories from the week that are now in the rear view mirror… The Weird Gets Weirder It’s a difficult market out there and many agents don’t know how to work within it. Wait, hold on.

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Increasing Development Charges Will Drive Condo Prices Higher!

Toronto Realty Blog

Perhaps this could have been included in Monday’s blog as a third tenet, except that this isn’t “new legislation,” nor is it going to kill condominium development. May I please use a sports analogy here? I am an excellent “armchair quarterback,” as the analogy goes, only with respect to hockey.

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Top Ten: Compromises For First-Time Buyers

Toronto Realty Blog

Two weeks ago, I wrote a blog post about the new Freed Residences, where studio condos were being pre-sold for upwards of $2,300 per square foot. Affordability has never been worse in our market, and first-time buyers might be the ones most affected. But the irony is: that experience is eventually going to come full circle.

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Top Five Burning Questions That The July TREB Stats Can Answer!

Toronto Realty Blog

This is going to be the busiest August on record in the Toronto real estate market, you can mark my words. If the explosive month of June, which saw the GTA average home price reach an all-time high, is any indication, the summer months in 2020 are going to replace the time we lost in the real estate market at the height of the pandemic.

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