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Ground Broken on New 13-Story Toronto Condominium Complex

Ground Broken on New 13-Story Toronto Condominium Complex

by Phil Hall | Feb 19, 2026 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The Canadian real estate developer By Burnac has broken ground on The Bedford, a new 13-story condominium in the Yorkville-Annex section of Toronto. According to the company, The Bedford will offer hotel-inspired services including 24-hour valet, concierge, and...
Report: Condo Prices Drop in Second Largest Decline on Record

Report: Condo Prices Drop in Second Largest Decline on Record

by Phil Hall | Jul 1, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median condo sale price in May was $354,1000, a 2.2% year-over-year decline and the second largest drop since data recording began in 2012, according to a new report by Redfin. The only time condo prices posted a larger year-over-year decline was the 2.95 drop in...
Two-Thirds of Condos Sold at Less Than Asking Price in February

Two-Thirds of Condos Sold at Less Than Asking Price in February

by Phil Hall | Apr 3, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

February was a rough month for the condominium market, with roughly two-thirds (68.4%) of these properties selling for less than their original asking price, according to new data from Redfin (NASDAQ: RDFN). This is up from 63.3% a year earlier and the highest...
Report: Fannie Mae Maintains Blacklist of Over 5,000 Condo Communities

Report: Fannie Mae Maintains Blacklist of Over 5,000 Condo Communities

by Phil Hall | Mar 17, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Wall Street Journal is reporting that Fannie Mae (OTCQB: FNMA) maintains a “secret blacklist” of condominium communities that makes it difficult, if not impossible, for these properties to get a mortgage. The new report claims the blacklist “includes condo...
DOJ Secures Forfeiture of Two Miami Condos for Violations of Russia-Related Sanctions

DOJ Secures Forfeiture of Two Miami Condos for Violations of Russia-Related Sanctions

by Phil Hall | Jan 9, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The US Department of Justice (DOJ) has secured the forfeiture of two luxury Miami condominiums that were maintained, transferred, and leased in violation of sanctions against Russian national Viktor Perevalov. The forfeited properties have a combined value of...
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