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Features on the downtown scene, events and urban living.

The half-million dollar question: why buy a condominium in Toronto? Fall market finds its “legs” as buyers adjust to new prices

The half-million dollar question: why buy a condominium in Toronto? Fall market finds its “legs” as buyers adjust to new prices

While some economists are predicting a “glacial” market for the next few years in Toronto, this frostiness isn’t apparent in market indicators — and a significant number of experts disagree. With the average price for detached homes at $968,494 (as of August, TREB numbers), condominiums nudged past half-a-million ($507,841 for August 2017), urged upwards by… Continue Reading

The three Rs of Renovations: how to protect yourself: Research, Request three quotes and Require everything in writing — and avoid cash deals

The three Rs of Renovations: how to protect yourself: Research, Request three quotes and Require everything in writing — and avoid cash deals

With Ontario’s renovation market estimated in the billions — $25 billion in 2015 (more if you count the underground cash-only market) — renovations are expected to grow in popularity in current market conditions. Not only are homes worth more — making renovations a positive investment most of the time — people are also choosing to… Continue Reading

Toronto and GTA communities with lowest average home price; With average TREB home price at $793,915 where are the affordable neighborhoods?

Toronto and GTA communities with lowest average home price; With average TREB home price at $793,915 where are the affordable neighborhoods?

There are still “relative” bargains to be had for potential home buyers. For Condos, some neighbourhoods of Toronto West and Toronto East, Brampton and Orangeville are all in bargain territory. Although many buyers pay premiums for prime locations based on amenities, schools, neighbourhoods and transit, increasingly buyers are looking for up-and-coming neighbourhoods with better values.… Continue Reading

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