High prices, low interest rates, and steady immigration have ensured the Toronto Condominium market remains strong as the amount of available units dwindles. According to Urbanation’s Q2 survey, unsold inventory is down 13% in the second quarter of 2015 compared to the same period last year, and although 17,709 units were available for purchase at the end of June, only 1,425 were complete and move-in ready. The remainder are in various stages of construction and pre-construction making them more appealing options to buyers interested in an investment to rent out rather than those looking for new primary homes.
This decrease in move-in ready inventory has prompted a surge in sales of available units in completed developments, such as the 20 remaining units in Greybrook and Plazacorp’s King West Life Condominium development, which sold out in the summer of 2015.
Demand is expected to remain high as potential development sites within the city become harder to secure and obtain approvals for, which in turn decreases the amount of new residential projects launching each year. Stay tuned to Deal Blog for new project announcements within the GTA and beyond.
The Greybrook U.S. Multifamily Income & Growth Fund has completed its acquisition of Evolv Apartment Homes, a 334-suite garden-style community in Mansfield, Texas. It is the Fund’s third property, and it establishes Dallas–Fort Worth as our second core market, alongside…
Listen to this article: Rising long-term yields are usually read as bad news for real estate. Our view is that for U.S. multifamily rental housing, a structurally higher risk-free rate is closer to a tailwind than a headwind — provided…
An oil shock has pushed Canadian inflation to around 3%, and on October 28 the Bank of Canada raised rates by a quarter point, even as the economy softens. With the U.S. midterms and a federal budget unfolding in the…
Greybrook Securities CEO Sasha Cucuz recently joined fellow industry leaders to tackle the economic pressures shaping the future of Canadian housing. Speaking at the Veritas 14th Annual Great Canadian Real Estate Conference, Cucuz participated in a highly anticipated panel discussion…
Listen to this article: It is difficult to find a market conversation today that does not eventually lead back to interest rates. For Canadian advisors, there are particularly good reasons to be paying attention. U.S. Treasury yields have moved materially…
Last season, Greybrook became the first-ever lead sponsor of York Lions Men’s Hockey. This year, extending that support to the women’s program was a natural next step and reflects something we believe deeply: sport shapes future leaders. It is an…
Greybrook team members rode in support of the 7th Annual Velo Blu Charity Bike Ride in Niagara-on-the-Lake, helping raise $270,000 to advance research into rare childhood diseases and gene therapy through the Blu Genes Foundation. Held at the scenic Peller…
On Sunday, September 20, Greybrook joined runners, walkers, volunteers and community supporters at the 17th Annual Constantine Yorkville Run, coming together to raise funds for charities making a difference across Toronto. As a Presenting Partner, Greybrook was proud to once…
Members of Greybrook’s Institutional Capital Markets team recently attended and sponsored Future Proof Festival, the world’s largest four-day wealth management festival, held in Huntington Beach, California. As part of its sponsorship, Greybrook supported the QWealth Canadian Lounge, a dedicated gathering…
Lindsay Heights, our low-rise, master-planned community in the City of Kawartha Lakes, is set to welcome one of its most anticipated neighbourhood retail additions with the opening of a Walmart Supercentre. Located at the northwest corner of Lindsay, at Highway…
