menu

Is now a good time to invest in Toronto's condo market?

Date Posted
26 March 2015
[caption id="attachment_754" align="alignleft" width="300"] (Photo credit: Ines Hegedus-Garcia/Flickr)[/caption] The debate rages on as to whether it's a good idea to invest in Toronto's condo market, especially when it looks like there may be an oversupply in the market. In the last few years, condo market growth slowed considerably after warnings about the risk of a housing downturn. But recent data now shows that the condo market may be gaining traction once again. Last fall, condo sales were at a 4.5-year-old record low, but January's real estate numbers show that buyers are scooping up condos again, according to the Globe and Mail. Toronto's condo sales saw a yearly gain of six per cent, while detached and semi-detached house sales dropped by two per cent and townhouse sales dropped by ten per cent. It's likely that the renewed interest in condos is influenced by the record price gap between houses and condos with affordability for houses continuing to worsen. This gap may only get worse over the next few years. In the fourth quarter of 2014, the average sales price of a new condo was $560 per square foot in the GTA, according to Urbanation. This climbs to $716 per square foot for new condos in the downtown core. The average price of a condo in the 416 area in January was $382,458, which increased by 4.5 per cent from the year before, and the average price of a condo in the 905 area was $310,045, which is a 3.6 per cent yearly jump. Banks seem to be more confident with the condo market since they are willing to provide more financing for projects by increasing their contribution to 75 per cent of the building from 70 per cent. Now may be a good time to enter the market since currently there are about 1,600 unsold new units thanks to completion of many development projects. Though anyone looking to invest in the condo market should be aware that there could be a rise in purpose-built rental condos with developers building these structures with plans to rent out units rather than sell them to potential investors. It's no surprise with low rental vacancies in a few urban cities with Canadians opting to rent for longer. Developers are looking into property management opportunities, but so are institutional investors. In two Toronto condos, institutional investors bought entire buildings from developers, which shut out any smaller investors, according to the Financial Post. According to the Post, one of these projects was in Toronto's Liberty Village, which cancelled its Kingsclub condo project after three years. No building had begun on the site, according to CBC News. While a 49-storey condo near Yonge and Bloor was transformed into rental units after developer Cityzen received an offer from an institutional investor that couldn't be refused, Cityzen president told the Post. If you bought a newly built property, whether as an investment or for personal use, you could qualify for an HST housing rebate. With the help of Rebate4U, put some money back into your pocket by filing a claim with the CRA. We strives to provide our clients with the most professional and quality service in obtaining rebates for their new and extensively renovated homes. We are proud to offer our clients the most personal and attentive service, and we make sure that all of our clients are 100% satisfied.

Contact Us

Rebate Calculator

Please enter the total value of your renovation including tax.

Total construction cost
(including taxes)
$
Search Our Blogs

More of our Blogs

27 March 2025

Why Property Title Affects HST Rebate Eligibility in Ontario

When purchasing a new house or investment property, most Ontario purchasers expect to receive the HST rebate in Ontario to assist with some of the costs. Not all applicants will be eligible, however, and one of the most frequently missed aspects is how title to the property is held. Title to the property is a critical element in determining whether you can successfully claim the HST new housing...

View Full Post
12 March 2025

How to Ensure Your Home Renovation Is Fully Eligible for the HST Rebate

Renovating a house is an exciting but costly undertaking. Fortunately, owners can recover some of the cost of such a project by using the HST rebate on home renovations. The rebate reimburses homeowners a percentage of the Harmonized Sales Tax (HST) on major renovations, new home building, or major renovations to eligible homeowners.

View Full Post
26 February 2025

How the HST Rebate Works for Rental Properties in 2025

If you've recently purchased a rental property or new condo in Canada, you may be qualified for financial support in the way of the HST rebate rental property program. The rebate exists to enable landlords to recover part of the Harmonized Sales Tax (HST) paid on new or considerably renovated rental properties. Understanding how it is done in 2025 is required to maximize your savings. Whether...

View Full Post
11 February 2025

Why Explore the HST Rebate in Ontario for Your Home Renovations

Home renovations are a big investment, and most homeowners in Ontario do not realize that they, too, have every right to receive financial relief. There are HST rebates in Ontario in place to take off some renovation costs that would otherwise be paid by the qualifying homeowner, reducing the overall cost for such improvements. Knowing how it works and just how it applies will enable you to save...

View Full Post
28 January 2025

How to Rebuild Your Home in the 2025 Economy with the Ontario HST Rebate

The HST rebate in Ontario is a great opportunity for homeowners, landlords, and real estate investors to get back part of the Harmonized Sales Tax paid on new homes, renovations, or rental properties. When buying a newly constructed property or renovating your home to a large extent, knowing how this rebate works will save you thousands of dollars. If you want to get the maximum rebate, Rebate4U...

View Full Post
15 January 2025

Who Qualifies for an HST Rebate in 2025

The Harmonized Sales Tax (HST) can feel overwhelming, especially when you're making significant investments in real estate or renovations. However, the HST rebate in Ontario offers valuable financial relief for those who qualify. Understanding the eligibility criteria is crucial for maximizing your savings in 2025. Whether you're a homeowner, builder, or landlord, the rebate program can...

View Full Post
25 October 2024

Can You Apply for the HST Rebate More Than Once?

The HST Rebate in Ontario is a highly beneficial program offered by the Canada Revenue Agency (CRS) for residential homeowners across the province because it gives eligible applicants tens of thousands of dollars back. By returning a portion of the HST on a new home purchase, renovation, or build, homeowners are able to make their money go further and save on important expenses and...

View Full Post
17 October 2024

How the HST Rebate Can Make Your Renovations More Affordable

Renovating a home is an exciting yet expensive endeavour. Whether you're adding a new room, upgrading your kitchen, or modernizing your home's exterior, costs can quickly add up. Fortunately, if you're planning renovations or have recently purchased a new home, there's a financial break available that many people overlook—the HST rebate. The HST Rebate in Ontario can...

View Full Post
30 September 2024

Signs You've Made a Mistake on Your New Condo HST Rebate Application

When purchasing a new condo in Ontario, one of the best ways to reduce costs is by applying for the HST Rebate in Ontario. The program is offered through Canada Revenue Agency, and a successful application can result in tens of thousands of dollars. For the average home buyers the application process for the HST Rebate on new condos or residential rental properties can be quite tricky. For the...

View Full Post
13 September 2024

Benefits of Tearing Your Home Down to Its Studs

Renovating your home by tearing it down to the studs can seem like an extreme measure, but it's often the most effective way to transform your living space. This process involves stripping a house down to its basic framework and rebuilding it with modern materials, updated systems, and improved layouts. Whether you're fixing structural issues or reimagining your home, going down to the...

View Full Post
Homeowners, obtain an HST rebate of up to $30,000 today!
get started

Why Choose Rebate4U?

Experienced Specialists

For over 10 years, the Rebate4U team has the knowledge and expertise to help residential property owners throughout Ontario successfully apply for regional HST Rebate programs.

Free Consultations

Our specialists offer complimentary consultations where we review your eligibility to determine whether you qualify for an Ontario HST Rebate so you can proceed with your application confidently.

Millions Awarded

We are able to expertly navigate rebate opportunities, staying up-to-date on the most recent rebate developments and changes in the HST Rebate program to maximize returns. To date, we’ve successfully acquired millions of dollars for clients in total.

Customer Commitment

The Rebate4U team is dedicated to delivering the highest level of customer service, we are here to answer your questions and help you navigate the intracises of your application easily and efficiently.

Cashing-In on the HST Rebate is as Easy as 1-2-3
Contact REBATE4U

Set up a quick, free consultation with the Rebate4U team to explore your HST Rebate options.

COLLECT DOCUMENTS

Submit your required documents to Rebate4U, and we'll handle your application.

GET YOUR Money BACK

Apply for the rebate and receive thousands in rebates in just weeks with Rebate4U.

FIND OUT IF YOU QUALIFY

We are proud to be working with top Canadian companies

Recent Posts view all posts

Why Property Title Affects HST Rebate Eligibility in Ontario

When purchasing a new house or investment property, most Ontario purchasers expect to receive the HST rebate in Ontario to assist with some of the costs. Not all applicants will be eligible, however, and one of the most frequently missed aspects is how title to the property is...

Read More

How to Ensure Your Home Renovation Is Fully Eligible for the HST Rebate

Renovating a house is an exciting but costly undertaking. Fortunately, owners can recover some of the cost of such a project by using the HST rebate on home renovations. The rebate reimburses homeowners a percentage of the Harmonized Sales Tax (HST) on major renovations, new h...

Read More
We Are Based

Rebate4U
101-3185 Bathurst St
Toronto ON
M6A 2B2

1-800-610-4510
info@rebate4u.ca

Connect With Us
Error...

Please, enter a valid value

We are sorry...

But the values you entered are invalid

Rebate

In celebration of our 3 year anniversary at Rebate4u Inc, we have decided to reduce our fee structure for all new home and renovation rebates including the New housing rental rebate.  

Don't waste your time looking for anyone else to take care of this because we will not be under sold.
Please fill out the form below or call us at 1-800-610-4510

Please, enter a valid value