The current state of the economy, shifting consumer preferences, and continuous technological advancements are all having a substantial impact on the new condominium development landscape. Therefore, it is interesting to look at the trends shaping condo developments in 2024. In 2023, condo sales dropped, causing an increase in available units. However, things might improve in the latter half of the year, especially if interest rates decrease as expected. Ontario’s government plans to invest over $1.8 billion in building new homes across the province by 2031, which should boost home development ..read more

The combination of transit and high-rise living is the most sustainable way to build and this kind of “city building” is clearly a public priority. This is CondoHQ’s quick guide to the Finch West Light Rail Transit project under construction on Finch Avenue West in Toronto. There are many new transit projects under development in the General Toronto Area and all of them are intended to spur real estate redevelopment, especially new pre-construction condo projects. The Finch West LRT should be seen alongside the Eglinton, Hurontario, Hamilton and Kitchener-Waterloo-Cambridge LRT projects as wel ..read more

The Greater Toronto Area (GTA) is a bustling and diverse region located in southern Ontario, Canada. It is home to a large and vibrant real estate market, with a wide variety of properties available to meet the needs and preferences of different buyers. The GTA real estate market has long been known for its high prices, with the average home selling for over $1 million in recent years. However, the market has also been marked by significant fluctuations, with prices rising and falling in response to a variety of economic and demographic factors. Despite these fluctuations, the GTA remains a po ..read more

Have you ever wondered why condos in Toronto cost so much? The crisis of affordability in the General Toronto Area has everyone wondering about the cost of housing but new pre-construction condos in Toronto are a special case. By the time you know about all the steps in the process of building a condo in Toronto you might actually think that a condo is cheap and should cost much more! Just kidding, but here’s CondoHQ’s guide to the entire process. At first a condo is just a glint in the eye of some ambitious homebuilder. The dream likely starts out very tall (maybe eighty storeys or more for t ..read more

The City of Pickering is set to see a huge amount of development in the coming years. There are only two questions: “how much development exactly?” and “where will it all go?”. Fortunately for homebuyers looking for relatively affordable real estate near Toronto, there will be a ton of options. Look out for both new pre-construction single family detached homes and new pre-construction condos in Pickering. Pickering is a suburb that shares Toronto and York Region’s eastern boundary. When someone touts the benefits of Pickering, it is frequently remarked on just how much open, green, natural sp ..read more

It’s been an extremely eventful few years in the real estate world and things don’t seem like they will get boring any time soon. After a big wave of uncertainty and fears of an outright housing crash in the early days of the Covid-19 pandemic the cost of real estate actually skyrocketed. But what goes up must come down and prices have returned closer to earth over the last eight months of 2022. While this slight downturn in prices is unwelcome for most of those in the real estate sector, and only slight relief for buyers fraught with uncertainty, it is hardly (as of yet) the ultimate “crash ..read more

The debate around housing in Ontario has come a long way in about five years. The huge increase in the cost of real estate during the Covid-19 pandemic sealed the deal and just about everyone agrees there is an outright shortage of homes in the province.  Now that everyone agrees on the basic problem, the hunt for solutions is on and the Ford government (recently re-elected to a larger majority) has put forward one of the most substantial packages of housing reform in Ontario’s history in the form of the “More Homes, Built Faster” act. No matter where you stand in the contentious politica ..read more

Canada’s largest luxury market, the Toronto metropolitan area, slowly rebalanced in the first half of the year, despite a 9% year-over-year increase in sales of homes priced above $5 million. This was seen across all types of luxury homes, including condo sales, up 20% Sales of single-family homes in this price range increased only 8% year over year, but according to Kottick, this is due more to a shortage of available inventory than a drop in demand. The connected luxury real estate market has been under pressure as a result, with sales for him doubling in the first half of this year and exce ..read more

Detached Homes A detached home is a “freehold” home that does not share a wall with another home or any other living space. Owning a detached home tends to be a priority for a family or other household that prioritizes privacy, peace and quiet. A fully detached home is something of a status symbol in the General Toronto Area and the most expensive homes of this type can be found in central Toronto and other long established neighborhoods in the city. That said, less expensive fully detached homes can be found in more outlying areas, especially the so called “inner suburbs” of Scarborough and E ..read more

So you want to own real estate in the General Toronto Area but don’t know where to start? You’re in the right place here at CondosHQ. This is a quick guide to buying a unit in a new pre-construction condo development.  What are the benefits of buying a new pre-construction condo unit?  Before we get into the dirty details, let’s establish some basics first. The simplest definition of a new pre-construction condo unit is one that’s purchased before it’s ready for occupancy. New pre-construction condo units are for buyers content with a less tangible asset who want to use that intangib ..read more