News about properties and real estate
The number of $1 million-plus condos for sale in Toronto has reached such “shocking” levels, it would take about 20 months to sell them all given current demand, more than four times what it would take to clear the current inventory of more conventional condos. What’s even more worrisome is those numbers don’t include “shadow …
Continue reading ““Shocking” number of luxury condos for sale on MLS”
Q: I own a condominium unit, but recently moved to a house and decided to rent the condo. The association is now saying it wants me to pay an extra $100 a month in maintenance fees and it’s taking away the great parking spot I had for years and giving me one in the back. …
Continue reading “Ask a real estate pro: Board wants condo owner to pay more”
A large part of the Sarasota housing market occupies the extremes. At one end, a third of homes in the Sarasota market are in negative equity (underwater) and the median sales price of a home is $176,360, more than 40 percent lower than it was during the boom, eight years ago. At the other end …
One real estate developer hired a drone; another displayed life-size sculptures of polar bears. A third charged potential buyers $100,000 just to take a peek at the floor plans. The common goal: selling something that doesn’t exist. Spurred by tight inventory and plenty of interest from foreign buyers, real-estate developers in cities such as New …
As home prices in the region climb and inventory dries up, the nation’s largest mortgage lenders are gambling on the future of the housing recovery, a Herald-Tribune analysis shows. Banking giants from Wells Fargo to Fannie Mae are routinely paying top dollar on the auction steps to hold onto their own distressed properties, outbidding cash …
This summer, the first residents are expected to move into Cinema Tower, a 44-storey condominium building under construction at Adelaide and John streets. Adam Vaughan, local city councillor for Ward 20 (Trinity-Spadina), takes pride in the amenities he managed to negotiate on behalf of the city and local residents. “It has a huge cultural space …
Continue reading “Can Toronto survive if its real estate boom goes bust?”