This Week in Real Estate: August 19th – 25th

This week in real estate: The condo market remains strong, how a new development will revitalize a new Junction building, and…wait, did we even have a housing bubble?

Condo prices in Canada hit an all time high.

Condo prices across Canada are hitting all-time highs, as most of the country demonstrates they totally don’t have FOMO. Numbers from the Canadian Real Estate Association (CREA) show that the typical condo across the country is now more expensive than ever. Almost half of all major urban centres now have condo prices sitting at all time highs. Via Better Dwelling. Click for the full article.

Mixed uses converge at the Junction in Toronto.

Lower JCT is a joint venture between Castlepoint and Toronto-based private equity firm Greybrook Realty Partners, which has placed more than $1-billion of investments over the past several years, mainly in Toronto and Miami. Equitable Bank is providing construction financing for the first two phases of Lower JCT. Via Globe and Mail. Click for the full article.

Q&A: Was Toronto actually in a housing bubble — and did it already burst?

Whether or not Toronto is in a housing bubble — and whether or not it’s already burst — is a hot topic in the city. But one economist says we’ve definitely popped that bubble, which could make things a bit easier for would-be buyers in the months ahead.

Doug Porter, chief economist and managing director of BMO Financial Group, shared his thoughts on the city’s real estate market on CBC’s Metro Morning on Friday. Via CBC. Click for the full article.

Header image via Globe and Mail.

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