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...
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...
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...
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...
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...