MARKET NEWS | CondoWong

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...

Aug 17, 2022

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, 2022

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, 2022

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, 2022

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, 2022

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, 2022

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, 2022

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...

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

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