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INVITATION: $480/sqft Downtown Toronto Waterfront Webinar | Best Deal of 2014

Originally posted on: October 24, 2014
Last updated on: October 24, 2014
Filed under: monde condos new condos condo deal exclusive deal toronto condos

Why Toronto’s Young Homebuyers Of 2014 Are Considering Condos

Originally posted on: April 24, 2014
Last updated on: June 9, 2014
Filed under: homebuyers new condos toronto condos toronto homebuyers toronto professionals bidding wars condos affordability

Similarities in Massively Successful Condo Launches of Toronto & Why They Are Great For Investment

Originally posted on: January 21, 2014
Last updated on: January 21, 2014
Filed under: new condos toronto condos pre-construction condos yc condos 365 church condos core condos harbour plaza

Merry Christmas and a Happy New Year from our house to yours

Originally posted on: December 25, 2013
Last updated on: January 1, 2014
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Platinum Release Info for YC Condos - Yonge & College at 460 Yonge St.

Originally posted on: December 22, 2013
Last updated on: December 22, 2013
Filed under: yc condos yc condo yc condominium yc condominiums yonge college condos yonge and college 460 yonge 460 yonge condos new condos at 460 yonge street 460 yonge street canderel builder canderel condos at college park college park condos

Can it be true? Brad Lamb says condominium vacancy rates below 1 per cent in central Toronto

January 17, 2012 - Updated: January 17, 2012

Brad J. LambBrad J. Lamb made some pretty bold statements on his blog over the weekend, claiming that the condominium vacancy rate in the central area of Toronto was below 1 per cent.


The celebrity real estate agent and developer explained that on MLS there are 600 properties for rent (condos freehold) in the areas of Toronto bordered by the 401, the DVP, Dufferin and Lake Ontario. According to his calculations, that’s a less than 1 per cent vacancy rate.


In his blog post, Lamb also takes a jab at West Coast real estate investment expert, Don Campbell. He disagrees with Campbell’s prediction that the Toronto condo market will be oversupplied by late 2012, early 2013 and cautions his readers to “be very careful who, and what, you believe.”


He then lays down some facts of his own that support his belief that the Toronto market is on steady footing. Here’s a summary of his points:


  • Growing cities need new rental apartment housing and rental apartment construction is virtually non-existent in the area of Toronto he analyzed.
  • The condo market has replaced the rental apartment market. Lamb says that over half of the 15,000-20,000 condos delivered in 2010, 2011 and 2012 will be owned by apartment investors renting to tenants. He says this is a necessary development for any modern, growing city.
  • The existing rental apartment stock is dated, falling apart and needs to be upgraded.


He ends his post by stating “There is no evidence that we will have a rental problem in the condo market. If anything, more young people will take themselves out of the buying market because of affordability issues. They will have to enter the rental market instead.”


Point well taken Mr. Lamb! We’d love to hear how the skeptics will respond to this argument, especially REIN‘s Don Campbell. How can this be settled? We’re thinking a best three-out-of-five deathmatch in Call of Duty healthy, constructive discussion and exchange of ideas.


Tagged with: mls vacancy in toronto toronto rental new condos
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Comments (1)

Posted by: Louis Tam of
February 4, 2013 @ 6:54 pm
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