The Toronto Real Estate Board said there was a great deal of demand for commercial mortgages in Toronto during the month of April, as the group said more than 840,000 square feet of space was leased during the month.
While it acutely felt the effects of the recession, a report from Avison Young finds that the office market in the Greater Toronto Area has shown steady recent growth, and is providing stable opportunities for commercial mortgages.
A strong March for new home sales in the Greater Toronto Area continued the trend of a very strong first quarter of the year, according to the Building Industry & Land Development Association.
A relative lack of home listings in the Toronto real estate market has led many potential buyers to turn into “bullies” who make rapid offers in an attempt to snatch up a home before other buyers can have a chance, the Globe and Mail reports.
A recent report highlights the strength and stability of the skyline properties in Montreal and Toronto, both of which have seen vacancies and rents bounce off the bottom, providing strong opportunities for buyers.
A report from the Building Industry and Land Development Association says that a record number of new condo units were sold last month in the Greater Toronto Area.
While they are already ubiquitous in the United States, developers may soon be looking for commercial mortgages for outlet malls in Canada in the near future, as companies are starting to move on the market.