toronto realestate statistics for month of September 2020.

Galleria III Condos (Tower 3 of 8), a master-planned community on the new Dupont by Elad Canada and Freed. This Project encompasses a massive re-development of the existing Galleria Mall. This 20 acre site will bring positive change to the existing and already vibrant community, ultimately creating a cultural district of its own – one that’s warm and welcoming, colourful and curious, bold and ambitious. Galleria fuses urban living with a rarely seen massive dedicated park, public spaces, lifestyle experiences, exceptional retail and innovative office space.

https://canadahousemarket.com/preconstruction/galleria-iii-condo

321 Davenport Condos

321 Davenport Condos is a 9-storey boutique condominium by Alterra in Toronto. This pre-construction development is located at 321 Davenport Rd in Annex neighbourhood . This luxury condo project has an occupancy date of 2023. The developer has proposed two-bedroom and three-bedroom units with layout sizes ranging in size from 1,388 sqft to 3,620 sqft, each designed as an expansive penthouse. Created with the most discerning style enthusiasts in mind, this glazed glass condo is set to push the limits of luxury, its dramatic shape becoming a true beacon of modern opulence within the Annex neighbourhood.

Contact for more information, floorplans, prices and to register your unit.

https://canadahousemarket.com/preconstruction/321-davenport-condos/

Toronto’s condo market is in more trouble than you think



https://www.tvo.org/article/torontos-condo-market-is-in-more-trouble-than-you-think

Toronto house market statistics for month of October 2020.

Toronto House Market Prices And Sales Statistics November 2020 - Canada House Market
https://canadahousemarket.com/toronto-house-market-prices-and-sales-statistics-november-2020/

Canada's debt-to-income ratio rose in 3Q, with mortgage borrowing reaching another record. According to Statistics Canada, the ratio of credit-market debt to after-tax income, on a seasonally-adjusted basis, climbed to 170.1% in 3Q after a sharp fall in the previous quarter. The ratio was in the 180% range prior to the pandemic arriving in North America in earnest. In 3Q, the stock of credit-market debt rose 1.6% while after-tax income fell 3.1%. The data agency notes that, in general, the rate tends to be higher for lower-income quintiles. Canadian real-estate activity has helped drive the recovery from the virus-induced decline. The Bank of Canada has identified elevated consumer debt as a potential vulnerability to financial stability.

Bank of Canada to hold its overnight interest rate - Canada House Market
https://canadahousemarket.com/bank-of-canada-to-hold-its-overnight-interest-rate/