As urban skylines continue to climb, supertall condominium towers—those reaching over 65 stories or 250 meters—are increasingly prominent in cities like Toronto. These architectural giants offer breathtaking views and upscale...
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In Q4 2024, the Greater Toronto Area (GTA) condo market experienced notable shifts, with sales increasing by 25.5% year-over-year, signaling improved affordability and buyer confidence. Despite the sales growth, average prices dipped by 1.6% to $689,198, while active listings surged by 43%, giving buyers more negotiating power. Market trends varied by region, with Downtown Toronto favoring smaller units for young professionals, while North York and Mississauga saw stronger demand for larger living spaces. Additionally, a record-breaking 29,800 new condo completions put downward pressure on rental prices, particularly for smaller units, though demand for three-bedroom units remained steady. As the market continues to evolve, shifting buyer preferences and economic factors will play a key role in shaping future trends.
Read MoreLiving in a condominium comes with the perks of shared amenities and a close-knit community, but it also involves navigating specific rules and policies designed to maintain harmony. For pet owners in condo communities, these...
Read MoreLiving in a condominium comes with unique perks and responsibilities. To maintain harmony in your condo community, it’s essential to understand the boundaries between your private unit and shared common areas. These divisions impact everything from decorating your door to managing condo maintenance fees. By reviewing your condo’s declaration and respecting community rules, you can enjoy a smooth and balanced living experience while contributing to a pleasant environment for everyone. Discover how understanding your space can help you make the most of condo living!
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Did you know the #1 pitfall of buying a condo? Many buyers are drawn to low maintenance fees, thinking it’s a smart way to save money. But here’s the catch: a low fee could mean an underfunded reserve or neglected maintenance—leading to skyrocketing fees or costly repairs down the road. Don’t let short-term savings blind you to long-term costs!
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