MARKET NEWS | CondoWong

Feb 14

How Many MORTGAGE FREE Households are in Vancouver and Toronto?

Which city in Canada has the highest real estate prices? You got it, Vancouver. Then do you know which city has the highest percentage of...

Feb 8

Fixed Mortgage Rates Are Actually Falling (While Interest Rate Hikes!)

We are now more than a month into 2023. No surprise, the housing market is still pretty quiet. January sales and prices were very similar...

Feb 1

Watch Out For 3 Traps When You Buy An Assignment Unit In The Current Toronto Real Estate Market

Last week, the Bank of Canada raised the interest rate again by 25 basis points, bringing the overnight rate to 4.5%. Typical mortgage...

Jan 25

Who Would Buy Pre-Construction Condos in the Current Toronto Real Estate Market?

A couple weeks ago, we talked about pre-construction units being at least 15% more expensive than resale units because you are buying the...

Jan 17

When Developers Fear, Opportunity Comes - Scarcity at Classic Winning Neighbourhood Yonge & Finch

Every crisis is an opportunity. There is a very specific crisis happening in the Toronto housing market right now. It is not obvious and...

Jan 11

Record Number of Condos to Flood Toronto Market in 2023

“Record number of condos to flood Toronto market in 2023” See article Should you be concerned? There are 3 things in the article that I...

Jan 4

4 Pandemic Trends That Are On Their Way Out (1 Specific to Toronto Real Estate!)

Welcome to 2023! We are now starting the 3rd year of this new decade and we are definitely off to a great start. Do you remember how we...

Dec 29, 2022

My 3 Bold Predictions on Inflation, Interest Rate and Toronto Real Estate Prices in 2023

2022 is coming to an end! What kind of investment decisions did you make during the year? I bought a few properties in the second half of...

Dec 21, 2022

Would real estate prices in Toronto drop further because of the foreign buyer ban?

The Foreign Buyer Ban will be coming to force in less than 2 weeks! Starting January 1, 2023, any non-Canadians and non-permanent...

Dec 14, 2022

You may need to pay the Vacant Home Tax even though your Toronto property is occupied!

If you own a property in the City of Toronto, you are affected by the Vacant Home Tax starting in 2022. Actions will be required from you...

Dec 7, 2022

How much did prices really drop in the Toronto real estate market?

As promised, we are doing a comprehensive market analysis this week. 2021 and 2022 are both very dramatic years in the Toronto real...

Nov 30, 2022

Personal and Market Updates - December 2022

I’m back! Thank you for all the messages checking on me to see what the heck happened because I haven’t uploaded a video for a month. I...

Nov 2, 2022

The Official Forma Condo Launch Event in Hong Kong

I would say this is one of the most beautiful harbour views in the world, isn’t it? I’m here at a new hotspot in Hong Kong. The Victoria...

Oct 19, 2022

What's the monthly rent of my apartment in Hong Kong?

Last time, we visited New York. This time, I want to show you Hong Kong! A few weeks ago, Hong Kong finally relaxed the quarantine...

Oct 12, 2022

How was the Toronto real estate market in September 2022?

In early September, we saw another rate hike. Did it kill the real estate market? There are 5 key points we should pay attention to in...

Oct 5, 2022

WHO Should NOT Buy Toronto Real Estate NOW?

One of the most popular questions I get these days… You bet. Should I buy now or should I wait? And I would answer that by asking you...

Sep 28, 2022

【Driving Series EP 06】Real Estate Prices - Boston & Montreal

In the last episode, we were ready to leave the super busy New York City. After a 5 hours’ drive from Manhattan, now I’m at a more...

Sep 7, 2022

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, 2022

【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, 2022

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...

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

Jul 20, 2022

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

Jul 13, 2022

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

Rental Market Updates in Downtown Toronto June 2022

Jun 15, 2022

Rental Market Updates in Downtown Toronto June 2022

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

Apr 10, 2022

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

Home Price Predictions for Toronto with Extensive Data Analysis

Mar 30, 2022

Home Price Predictions for Toronto with Extensive Data Analysis