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Two Condominiums Driving Down Average Property Values in Hot Toronto Neighbourhood by Over 20%

Robert Van Rhijn
Publication date:
June 4, 2022
Article Summary: 

The blog highlights two condominium buildings in Toronto that are driving down the average property values in their neighborhood by over 20%. The first building is a new development that has been facing a range of construction and maintenance issues, including balcony collapses and water leaks. The second building has been struggling with high levels of crime and safety concerns, which have resulted in decreased property values in the surrounding area.

The blog discusses the impact of these buildings on the local real estate market, and notes that they serve as a cautionary tale for buyers and investors looking to purchase property in the area. It emphasizes the importance of thorough due diligence and research before making any real estate purchase, and highlights the need for effective management and maintenance of condominium buildings to protect property values and ensure a safe and livable community.


Toronto, condominiums, property values, neighborhood, construction issues, maintenance issues, balcony collapses, water leaks, crime, safety concerns, real estate market, buyers, investors, due diligence, research, effective management, maintenance, condominium buildings, protect property values, safe community.

Source Citation: 
Robert Van Rhijn
Two Condominiums Driving Down Average Property Values in Hot Toronto Neighbourhood by Over 20%
June 4, 2022
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