Toronto’s new condo development : East 55 Condos

East 55 Condos is being developed by Lamb Development Corp. , Hyde Park Homes and Fortress Real Developments in 53 Ontario Street, Toronto. East 55 Condos is composed of 277 units with 25 stories.Apartment sizes range from 246 sq-ft to 2,243 sq-ft.The development is expected to complete in 2018. Prices start from CAD $276,900 in …

CMHC reports overvaluation in Canada housing markets

Canada Mortgage and Housing Corporation’s (CMHC) latest Housing Market Assessment (HMA) 2016 Q1 reports moderate evidence of overvaluation in housing markets across the country. Broken down across the 15 centres covered by the HMA, overvaluation and overbuilding are the most prevalent problematic conditions with overvaluation detected in eight centres and overbuilding in seven centres. “The …