![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2017\/07\/toronto-condo.jpg\")
<\/a><\/p>\nPhoto: Sam Xu\/Flickr<\/a><\/em><\/p>\n As the last affordable option for many homebuyers in the Toronto area, the city\u2019s condo market hasn\u2019t been impacted by Ontario\u2019s foreign-buyer tax in the same way that the low-rise segment has. To put the still-in-demand segment into perspective, BuzzBuzzNews has rounded up five charts from the past half year.<\/p>\n What\u2019s going on here:<\/strong> The number of homes under construction each quarter in Ontario over the past half century.<\/p>\n The takeaway:<\/strong> In this year\u2019s second quarter, contractors were working on more homes than in any quarter in recorded history, largely due to major condo projects in Toronto. \u201cThis is a solid amount of building that should fully meet demographic demand,\u201d writes BMO Senior Economist Robert Kavcic.<\/p>\n What\u2019s going on here:<\/strong> Knight Frank compares luxury rents in 17 upscale markets during Q1. The UK-based consultancy generally considers a luxury rent to be in the top 5 per cent of a market by value, and Toronto\u2019s index is based on two-bedroom condo and purpose-built apartment rents of this calibre.<\/p>\n The takeaway:<\/strong> Toronto placed fourth, and here\u2019s why: \u201cAs the population of Toronto continues to grow, the demand for rental apartments also continues to grow,\u201d Taimur Khan, a senior research analyst at Knight Frank, tells BuzzBuzzNews. \u201cThe supply of rental apartments has not kept up with demand.\u201d<\/p>\n What\u2019s going on here:<\/strong> Using precise GPS coordinates, The Red Pin maps average condo prices from May for resale one-bedroom condos within 2 kilometres of each of Toronto\u2019s subway stations, BlogTO reports<\/a>.<\/p>\n The takeaway:<\/strong>\u00a0If you\u2019re looking for an affordable home in Toronto these days, you may want to check out condos in Scarborough, particularly those near the Kennedy and Lawrence East TTC stations.<\/p>\n What\u2019s going on here:<\/strong> BMO charts year-over-year increases in the GTA condo market each month based on the Canadian Real Estate Association\u2019s MLS Home Price Index.<\/p>\n The takeaway:<\/strong>\u00a0In the first full month of sales activity after Ontario announced its Fair Housing Plan, Toronto\u2019s condo market wasn\u2019t hit as hard as low-rise segments were. The fact that so many buyers have been priced out of other segments creates stronger demand for condos, despite the overall housing market cooling.<\/p>\n1. Home construction hit an all-time high in Ontario in Q2<\/a><\/h2>\n
<\/a><\/p>\n2. Toronto luxury high-rise rents among the fastest rising in the world<\/a><\/h2>\n
<\/a><\/p>\n3. Toronto condo prices based on what subway station they\u2019re closest to<\/h2>\n
<\/a><\/p>\n4. Toronto\u2019s condo market shows signs of resilience<\/a><\/h2>\n
<\/a><\/p>\n5. The disparity between new condo and house prices<\/a><\/h2>\n