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A growing contingent of Canadian families are opting for the compact condo lifestyle over the white picket fence and the sprawling suburban McMansion.
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I'll admit it, several years ago I had a very poor opinion of the CityPlace neighbourhood in Toronto. Back then, this neighbourhood of tall condo buildings built around Fort York Blvd and Spadina Ave was a huge construction site. It was dirty, the buildings were all under a constant state of repair, and there were no amenities nearby. Then in 2013, when Fort York Blvd opened through Bathurst St, things began to change.
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As an analytical realtor who focuses heavily on market-based statistics, I've started to understand the growing shift towards pre-construction condos. Millennials now pretty much don't have any shot at purchasing a house with the current appreciation in the market, despite the government's efforts to slow things down. Even purchasing condos may be a stretch for some. Getting into pre-construction condos however, is the golden ticket.
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"You know, it is not surprising."
We've all seen news headlines over the last few years describing properties that sell for "$400,000 above asking!" These headlines make it seem like houses are selling for much more money than they ar...
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Before you even move into your new home, it is important to know what you are getting into. Try to find or create a floor plan of the space, and take accurate measurements of the area. This will help you know what you can fit into your place and what you need to rid yourself of. If it doesn't fit or will take up too much room in your new place, there is no need to keep it. It will also give you an idea of how to organize your space before you've even moved in.
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Ah, the "plus den" condo floor plan -- sure, that extra room may look great on paper but using this often tiny, windowless space efficiently can be tricky. And the smaller the space, the bigger the challenge. We caught up with interior designer Candice Olson to get some tips and tricks for making the most of your "plus den."
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According to data from the Toronto Real Estate Board, the average price of a Toronto condo in the fourth quarter of 2016 climbed to $465,403 - a double digit 14 per cent jump that's more synonymous with low-rise family houses than high-rise apartments.
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Housing costs continue to soar in Canada's priciest real estate markets -- in spite of provincial and federal action to slow housing activity in Toronto and Vancouver. This has left many hopeful home buyers priced out of the average detached home market. Even larger condo units are picking up speed in price.
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Toronto has established itself as a hot market for residential condos, but more recently, the office-condo trend has started to make waves through the city, potentially becoming the next big investment opportunity.
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For die-hard urbanites on the hunt for a condo in the heart of Canada's largest metropolis, the old real estate adage location, location, location means getting specific. Really specific. Down to the...
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From foreign buyers gobbling up properties sight unseen to young families trying to raise kids in condo towers, the Canadian housing market is a hot topic of discussion these days. But what do houses really cost these days?
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Currently, the Toronto Islands, Coronation Park, Trinity Bellwoods or Corktown Common are the only large downtown parks, but really not enough for the explosion of condo units and residents who live and work in the downtown core.
There's no question condominiums are an increasingly popular housing choice for Canadians for a variety of reasons -- lower costs and prime inner city locations chief among them. But this also means condo buyers' demands are changing like never before.