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‘It’s wrong on all possible levels’: Critics slam development group buying $1-billion in single-family houses for rentals

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https://ift.tt/3vvrUH6 Toronto-based condo developer Core Development Group’s plan to buy $1 billion worth of single-family homes to rent them out has sparked outrage from critics who say it’s an example of corporations profiting from the country’s housing crisis. from Toronto Star | BUSINESS | REAL_ESTATE https://ift.tt/35ndz4B via IFTTT Need a mortgage?: Mortgages Victoria
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Is the condo sales slump over? Toronto-area new construction sales near pre-pandemic levels in Q1

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https://ift.tt/3aZtgT3 The strong Toronto condo sales at the start of this year have prompted some developers to move ahead with second-quarter launches, says Urbanation, a market research firm that tracks development from Toronto Star | BUSINESS | REAL_ESTATE https://ift.tt/2RmkabQ via IFTTT Need a mortgage?: Mortgages Victoria
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Newly built condo investors came out ahead in the pandemic: Study

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https://ift.tt/3fwk4Za But the GTA’s reliance on investor-owned rentals points to the need for diversified housing stock, says researcher. from Toronto Star | BUSINESS | REAL_ESTATE https://ift.tt/39tAuOo via IFTTT Need a mortgage?: Mortgages Victoria
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As telecommuters bolt to cottage country, Ontario vacation property prices are becoming ‘disconnected from reality’

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https://ift.tt/3tG3rhw A Royal LePage report predicts vacation property prices will rise 17 per cent this year in Ontario and Atlantic Canada, driven by demand from city dwellers moving to rural areas. from Toronto Star | BUSINESS | REAL_ESTATE https://ift.tt/2NJJ18b via IFTTT Need a mortgage?: Mortgages Victoria
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No cooling in sight for sizzling home market, says real estate association

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https://ift.tt/3lmcul2 The Canadian Real Estate Association predicts double-digit price gains for the rest of 2021. from Toronto Star | BUSINESS | REAL_ESTATE https://ift.tt/3vtkQvG via IFTTT Need a mortgage?: Mortgages Victoria
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Sales of new single-family homes set 15-year record in January

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https://ift.tt/2NOtfc4 Prices of both new homes and condos in the Toronto area rose in January as few projects were launched, the Building Industry and Land Development Association reported. from Toronto Star | BUSINESS | REAL_ESTATE https://ift.tt/3dY1tVo via IFTTT Need a mortgage?: Mortgages Victoria
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Condo market attracts investors to 905 centres

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https://ift.tt/3ar66ng Urbanation reports that condos outside Toronto are getting smaller, while the average size of a city apartment increased. Still cost has investors targeting the suburbs. from Toronto Star | BUSINESS | REAL_ESTATE https://ift.tt/3jbj7FI via IFTTT Need a mortgage?: Mortgages Victoria
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