Condo sales in the Greater Toronto Area were down 46 per cent year-over-year in the third-quarter (Q3) of 2022, according to new data from the Toronto Regional Real Estate Board (TRREB). There were close to 4,200 condo sales reported through MLS in Q3, compared to...
Buyers from Ontario and British Columbia are snapping-up condos in Alberta, according to new data from Re/Max. Condo sales are up 65 per cent year-over-year in Calgary, while sales in Edmonton are up nearly 23 per cent over 2021 levels, according to Re/Max’s...
As a lawyer, when representing buyers of resale condominium properties, the main question my clients initially have is whether the condominium corporation is “financially healthy”. A condominium’s status certificate contains auditor’s reports and other relevant...
The sale of $36 million worth of pre-construction condos in Quebec over a two-day period at the height of the COVID pandemic sounds impressive. But perhaps equally notable is the fact that all the transactions took place virtually. “I hear I’m the first to do a (real...
Not many industries were unaffected by the pandemic and the global shutdown that resulted from the rapid spread of COVID-19. Like so many others, the real estate world had to quickly adapt with new measures to keep things operating. When the pandemic began, many...
