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Reposted from Toronto Real Estate BlogWhile changes to the Ontario Heritage Act in 2005 gave cities the power for the first time to stop demolition of significant properties, they have to be listed as having heritage value. Some old properties face demolition because developers won approvals before 2005 and are just now launching projects.The original post can be found here - Toronto condo boom th...

Reposted from Toronto Real Estate BlogConstruction of Ontario multiple-unit buildings – mainly condos in Toronto – shot up by more than 50% between February and March, while the rest of the nationwide market remained little changed from its average pace over the past 12 months.The original post can be found here - Condo bump in Toronto could signal overbuilding No related posts.

Reposted from Toronto Real Estate BlogOntario, particularly Toronto, had the country's biggest increase in multiple-dwelling units, a group that includes condos and apartments. Multiple starts in the province jumped by 50% on a seasonally adjusted basis.The original post can be found here - With no sign of cooling in Toronto condo market, housing starts to rise sharply No related posts.