Toronto condo owners slapped with big special fees

234 Albion Rd., Toronto. In Ontario, condo boards are not required to hold a referendum or even a public meeting on special assessments.Zillow Condo owners at two Toronto buildings have been hit by demands for huge sums of money above their regular fees, something industry insiders say may become a wider problem even among newer … Read more

Condo rental prices soared 17 per cent in Toronto last year

Condo rental prices in Toronto are soaring.Christopher Katsarov/The Globe and Mail Condo rents jumped 17 per cent in Toronto over the past year, data show, as a deluge of new residents moved to the city and the spike in borrowing costs forced prospective buyers into the rental market. The average new lease was $2,752 at … Read more

Record number of condos to flood Toronto market in 2023

A crane stands between condo buildings in Toronto’s Liberty Village neighbourhood in July, 2022.CARLOS OSORIO/Reuters A record number of new condo units will be completed in Toronto in 2023, just as skyrocketing mortgage rates make it harder for investors to close on their properties. Nearly 32,000 condos will hit the city and surrounding suburbs, according … Read more

These Ritzy Toronto Condos Look Like Something Out Of A ‘Knives Out’ Mystery

If you recently watched Glass Onion: A Knives Out Mystery and thought to yourself, “wow, this is exactly my vibe. I wished it came in small.” Good news! It does. However, somebody already bought it, and it still cost them an absolute boatload. According to Strata, luxury properties are selling like hotcakes in Toronto right … Read more