Condo Buyers Should Always Review Status Certificates Today's Globe and Mail features a $75,000 court judgment against a Toronto condo corporation in the case of Gonzales v. York Condominium Corporation No. 242. The case highlights a serious issue: the importance of reviewing condo status certificates carefully before making a purchase. Justice Robert Centa called the condo corporation's actions a “shocking abuse of trust and power,” pointing out the risks... [read more]

While the overall demand for housing remained buoyed by record immigration in 2023, more of this demand was pointed at the rental market. The number of Greater Toronto Area (GTA) home sales in 2023 came in at less than 70,000 due to affordability issues brought about by high mortgage rates. “High borrowing costs coupled with unrealistic federal mortgage qualification standards resulted in an unaffordable home ownership market for many households in 2023. With that said, relief seems to... [read more]

Watch Jason Mercer talk about the Toronto Real Estate Boards activity for the month of August 2023. Jason's role at the Toronto Regional Real Estate Board is Chief Market Analyst & Director. [read more]

Jason Mercer of the Toronto Regional Real Estate Board shares his "Market Watch Minute" for November 2023. Click to watch below: [read more]

Blog.Remax.ca wraps up the Toronto condo market for 2023... Has the weight of higher interest rates impacted the Toronto condo market? Anyone who has taken a stroll in the city will observe cranes at nearly every major intersection, whether in midtown or near the lake. While construction activity looks healthy, demand has been less active, and price growth has not been stellar compared to the wider Toronto real estate market. So, what is happening as of late in the major urban... [read more]