The five- and 10-year averages for price growth in newer downtown Toronto condos is 15% and 8%, respectively. GTA-wide, the 10-year average is also 8%.
Canadian households were under greater pressure in June as the Consumer Price Index gained 2.5% year-over-year.
The rise, up from 2.2% in May, was the largest since February 2012 according to Statistics Canada.
The transportation index was the largest contributor to the year-over-year CPI increase (rising 6.6% year-over-year).
Energy costs were up 12.4% year-over-year with gasoline prices up 24.6% and fuel oils and other fuels up 25.9%; both larger year-over-year increases than in May.
The homeowners' replacement cost index increased less on a year-over-year basis in June (+1.4%) than in May (+2.0%); and there were year-over-year decreases in CPI rises for services.
Mortgage interest costs were up 4.5% year-over-year and were among the 6 main contributors of the annual increase listed by StatsCan.
Prices rose more in six provinces in June on a year-over-year basis compared with the previous month. This growth was strongest in Prince Edward Island, where prices increased 2.9%.
News of a fixed rate increase might inspire consumers driven by fear of being priced out of the market in Canada.
Even before COVID-19 moved us all to work from home, reevaluations of office space were already underway, but not nearly to the extent they are now.
This consultant and real estate investor said that a third of new construction properties built every year in Ontario have legitimate claims for reimbursement, but they aren't taken advantage of.
New condos going up on King St. E. and Berkeley St. by Lamb Development Corp will be 32-storeys and the new Ontario Line subway route station.
Condominium sales in the City of Toronto surged by 63.2% year-over-year in February to 2,167, according to the latest data from the Toronto Regional Real Estate Board.
According to GTA-based Seth Ferguson, CEO of Multifamily Real Estate Investments Inc., Texas has arguably the most propitious horizon in the Sun Belt.
In 2020 alone, this commercial real estate team did over $60 million in commercial sales in Toronto.
Craig Proctor, top Canadian real estate agent and coach, offers advice on how to dominate during these crazy real estate times. Join his Millionaire Agent-Maker SuperConference March 19-21.
Signup for our weekly newsletter to get the latest news, updates and amazing offers and delivered directly in your inbox.