MARKET NEWS | CondoWong

Sep 7

Market Updates - 15% Increase in Sales Volume - Buyers are back to the Toronto Real Estate Market?

A couple weeks ago, in this video, I told you that we saw an obvious increase in activities in our resale department and it could be an...

Aug 31

【Driving Series EP 05】Real Estate Prices - New York City vs Toronto

I know you miss the driving series, so today, I’m going to bring you all the way to New York City! Actually, Tesla is a better car for...

Aug 25

It's not just immigration! An unexpected factor is driving housing demand in Canada.

Last week, RBC Economics published a very interesting article that I want to share with you. Toronto, and essentially all major cities in...

Aug 17

Court Case Study - Landlord Kicked Out Tenant in Bad Faith?

Rents have been increasing big time in downtown Toronto over the past few months, like 10, 20%. That’s great news for landlords, isn’t...

Aug 10

Market Downturn in Toronto Real Estate

Prices are down for real! For the past 3 to 4 months, we all know that sales volume was down some 40%. And prices have been falling...

Jul 20

Rising interest rates will cause investors to sell at a loss?

Inflation is not slowing down! The U.S inflation rate continued to rise in June to 9.1%, so the cost of living went up by 1.3% in the...

Jul 13

Market Updates - The Market is Cooling Fast! What's Next?

Toronto real estate is cooling fast! Sales were down 41% compared to a year ago and worse yet, the Bank of Canada just announced another...

Jul 6

How to Measure Affordability - Toronto & Vancouver v.s. Other Provinces in Canada

Canada needs 5.8 million new homes by 2030 to tackle affordability crisis! It sounds like a very alarming headline. But when you think...

Jun 29

Developers could cancel ~5,000 pre-construction condo units in Toronto

5,000 already sold pre-construction condo units could be cancelled due to rising construction costs! We all know that condo prices in...

Jun 21

The Most Upscale Neighbourhood in Toronto at the Price of Downtown Toronto

Today, I’m going to bring you on a very special journey. You will see a very different side of Toronto, maybe you didn’t even know it...

Jun 15

Rental Market Updates in Downtown Toronto June 2022

Last week, the Toronto Real Estate Board released the Market Watch Report for the month of May. As expected, the market continues to...

Jun 8

The Masterpiece at a VERY Affordable Price - Frank Gehry's Forma Condos on King St Downtown Toronto

What a beautiful Toronto skyline, but it is going to change. CN Tower is of course the icon of this skyline. A new iconic architecture is...

Jun 1

Interest Rate Hike Again - Are We Going into a Stagflation?

The Bank of Canada just announced another rate hike on June 1. As expected, the overnight rate increased by another 50 basis points, from...

May 23

Tridel at Prime Downtown | Queen Church at 60 Queen St E

A new 57-storey condo tower by Tridel. Right in the heart of central downtown Toronto. At 60 Queen Street East. Launching for sale in a...

May 18

Biggest Construction Strike in 20 Years in Ontario - Impacts on the Toronto Real Estate Market?

You have a pre-construction condo unit and you were getting ready for occupancy. Then what happened? I’m sure you received the...

May 11

Market Updates - April Sales Down 41% in Toronto Real Estate

Toronto home sales down 41% from 2021! The market downturn has started! I’m sure you’ve seen all these alarming headlines over the last...

May 4

40,000 New Units on Yonge St at Richmond Hill Subway Station

On April 20, Premier Doug Ford made the official announcement of a massive condo project in York Region, along the Yonge Subway...

Apr 27

Fight Inflation with Investing | Park Place at Vaughan Subway | Pre-Construction Condo Series

I started working in this neighbourhood in 2017 when KPMG was the only building that existed. How often do you get to build a brand new...

Apr 20

Interest Rate Hike Impact on Toronto Real Estate Market

Bank of Canada makes its biggest key interest rate hike in 20 years! As expected, the interest rate was increased from 0.5% to 1%. And...

Apr 10

New Housing Policies to Cool Canadian Real Estate Market - Ban Foreigners, Flippers, Bind Bidding

I have lots of news to share with you today. Average home prices actually dropped in March compared to February. Then the Ontario...

Rising interest rates will cause investors to sell at a loss?

Jul 20

Market Updates - The Market is Cooling Fast! What's Next?

Jul 13

Rental Market Updates in Downtown Toronto June 2022

Jun 15

New Housing Policies to Cool Canadian Real Estate Market - Ban Foreigners, Flippers, Bind Bidding

Apr 10

Home Price Predictions for Toronto with Extensive Data Analysis

Mar 30

Home Price Predictions for Toronto with Extensive Data Analysis