If you own property in Brampton right now, you’re living through something unprecedented. This city of nearly 800,000 people, one of Canada’s fastest-growing suburbs, is now ground zero for one of the most alarming power of sale surges in Ontario’s history. According to a new database compiled by industry professionals, Brampton now trails only TorontoContinue reading “Brampton’s Power of Sale Crisis: What Every Homeowner Needs to Know Before It’s Too Late: The Storm That’s Already Here”
Tag Archives: Toronto condo market
buyers seize the moment: practical tips to save for your down payment in Toronto’s current market
Current market conditions present an unprecedented opportunity for prospective homebuyers in Toronto’s condo market. As I have extensively covered in my previous blog posts, we are witnessing a significant buyers’ market with condo prices at multi-year lows and a large number of units selling below asking price. This downturn, combined with my earlier analysis ofContinue reading “buyers seize the moment: practical tips to save for your down payment in Toronto’s current market”
condo market supply crisis on the horizon?
As of current, ample data exists that shows a downturn in the condo market in Toronto and the GTA. However, there are clear indications that we are potentially looking at a supply crisis in the coming years. I had written about the downward trend in the condo market and the slight fluctuations we have beenContinue reading “condo market supply crisis on the horizon?”
Toronto pre-construction condo market plummets, leaving buyers in limbo
Latest statistics are pointing to the once-thriving pre-construction condo market in Toronto and the GTA (Greater Toronto Area) having hit a historic law, sending shockwaves through the real estate industry and leaving many buyers in a precarious position. What I am seeing in my every-day practice is that this downturn has created a perfect stormContinue reading “Toronto pre-construction condo market plummets, leaving buyers in limbo”
Ontario falling severely behind in addressing housing needs as per new study
A new report from the PLACE Centre at the University of Ottawa’s Smart Prosperity Institute has shed light on the significant disparities in housing construction across Canada’s 100 largest cities and towns, with Ontario shown to be severely underperforming. The study analyzed housing starts from 1 July 2018 to 30 June 2024, offering crucial insightsContinue reading “Ontario falling severely behind in addressing housing needs as per new study”
Toronto’s condo market faces decline amid rising inventory and high borrowing costs
Toronto’s condo market is experiencing a significant downturn, characterized by a sharp decrease in sales and an oversupply of units. This downturn is likely being driven by soaring borrowing costs, a growing surplus of inventory, evolving investor sentiment, and the broader implications of current policies. Recent data showed a sharp decrease in new condominium salesContinue reading “Toronto’s condo market faces decline amid rising inventory and high borrowing costs”
SP Singh Ahluwalia 