Maple Leaf Square Condominiums

Maple Leaf Square Condos in Toronto are a big part of the new, exciting, Maple Leaf Square now under construction.

Pictured above they will add to the downtown Toronto Skyline making Maple Leaf Square an exciting venue for Hockey and Basketball fans.

When completed these two Luxury Condos will provide residents with the ultimate downtown living experience with sports bars,Hotel,Longos and day care centre all connected to Union Station and the Path System.

Here are some completed Toronto Condo Listings in this downtown area.

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Canada’s three major cities-Toronto, Montreal and Vancouver have all placed near the top in recent global rankings, mainly because of urban livability in their healthy downtown cores.

Compared to the United States many residents there, continued to move out of the downtown cores and retreated to the suburbs.

For different reasons our bigger Canadian cities will do well in the coming years.

Even now we can see how there is an increase in Condos in Vancouver and Toronto, the Condominium capital of North America.

Read how Boomers will reshape Downtown Toronto Real Estate.

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New Condominium Sales Increase 97 Per Cent For September

Casa Condos Bloor Yonge

National average resale prices rose to $327,736 a 11 per cent increase in the third quarter with 135,182 sales July to September, up 18 per cent from 2008.

Again the reasons for these impressive numbers:

• Lower interest rates
• Pent up demand from late 2008
• Short supply with fewer listings

Several economists see higher interest rates early in 2010 that “will put an end to the mini-boom..”

Resales of 28 per cent in Toronto and 108 per cent in Vancouver have pushed the national averages upward, the largest jump since 2002.

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The Beaches is an east-end neighbourhood that boasts one of Toronto’s longest waterfronts with parks, sandy beaches, 3.1 km boardwalk and vibrant restaurants and cafes.

The trendy Queen Street East is turned into The Beaches International Jazz Festival each July.

A proposed four storey lakefront Beaches Condo and an adjacent three-storey home are about to undermine Toronto’s official plan if  they are approved as infill properties.

A resident’s group has incorporated to fight the proposed development raising over $70,000 to pay for expert witnesses to testify on their behalf in support of the residents.

The Ontario Municipal Board wrapped up their hearing last week and a ruling is expected before the end of 2009.

Neville Park Blvd., Munro Park Ave., and Nursewood Rd. are zoned R1, one of Toronto’s most restrictive zoning.

Other exclusive Toronto Real Estate areas zoned R1 include exclusive areas like Rosedale, Forest Hill and Swansea.

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Toronto Real Estate Downtown

Toronto Real Estate buyers continue to drive the resale Condos market downtown.

The Fall Toronto Real Estate Market has reversed the pace dramatically from the Fall of 2008.

The fast recovery in Real Estate across the country has surprised both Real Estate companies, Real Estate Boards and Bay Street economists.

Why has the Resale Real Estate Markets Bounced back?

• Lowest Interest rates from lenders in several decades
• Pent up demand from last year
• Fewer properties for sale resulting in higher prices and more demand ( bidding wars)
• Sharp recovery of prices
• Buyers not as nervous about their own jobs and the World Wide Recession
• Expectations for an upward trend for 2009

For updated Toronto Mls Listings for Condos and Homes for sale visit our Toronto Real Estate website.

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Downtown Toronto Condos

The value of  Toronto area Condos and Homes are worth more than have been for years with the Toronto Real Estate Market increasing in sales and average prices for September.

According to The Toronto Real Estate Board prices increased from lower-end homes all the way up to Luxury Toronto Condos.

Again one of the main reasons for this rebound has been the lowest interest rates in years resulting in stong monthly Real Estate transactions since the beginning of 2009.

The average resale home hit a record high of $406,877 and home and condo sales were up 28 per cent over September, 2009.

Year to date average Toronto area home prices also set a record of $388,000 with TREB forecasting continuing upward trends for the rest of 2009.

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The question was recently asked, Who can afford Toronto Condos downtown?

My buyers have been professional people like accountants, lawyers, medical sales representatives, aerospace employees, doctors and several out-of-town buyers as well.

The fact that most downtown Toronto Condo buyers do not need a car and can literally walk to work rather than commute incurring more time and money helps pay the mortgage.

Toronto has a large choice of locations, sizes and affordable Condominiums in the downtown area, all competitively priced as well.

Investors in Toronto Real Estate  from Toronto, Ontario, other provinces and other countries also play a big part in offering downtown Condo suites for rent.

Some of the larger Toronto Condominiums for rent are shared making the luxury Condos more affordable to rent with two or more sharing the lease.

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New Toronto Home and Condo August Sales

 New high-rise Toronto Condominiums saw sales of new suites stabilize in August but sales of low-rise homes, jumped by 163 per cent resulting in a 62 per cent total increase in Toronto Home and Condo sales.

There were a total of 3,074 new Homes and Condos sold in the GTA in August, 2009 according to RealNet Canada Inc. New  Toronto Condos were up for the first time this year while low-rise (single-detached, semi-detached and town-homes) continued their upward trend of the last several months.

The Building Industry & Land Development Association ( BILD ) attributed the activity in the Toronto Real Estate Market to homebuyers taking advantage of great deals and prices offered by Toronto area homebuilders.

 BILD also added that first-time homebuyers were very active in the Real Estate market taking advantages of the best prices and most important, very low mortgage rates.

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Toronto Luxury Homes Post Record Sales Says Remax

The Toronto Real Estate Board saw sales of homes and condos increase 23 per cent compared to the same period last year.

In the first two weeks of September Toronto Real Estate agents reported 3,361 sales both in the 416 area and 905 area for a 23 per cent increase.

The average Toronto price for resales was $415,126 with 1,280 sales and the average 905 area price was $380,712. The total year to date sales are 61,676 up three per cent and the average price up one per cent year to date.

Source..The Toronto Real Estate Board

Did you know you can search for Toronto Mls Listings on this site? View my other posts on Toronto Real estate. When you are ready to buy or sell Toronto Real Estate, contact Iris Li, a knowledgeable, experienced realtor, marketing Toronto Homes and Condos.

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A mixed number of  housing stats appeared for Toronto Housing August figures.

Toronto housing starts rose 19.7  compared to July on a seasonal adjusted annual rate to 23,700 units, according to the Canadian Mortgage and housing Corporation.

Statistics Canada indicated the Toronto Civic workers strike resulted in a 54 per cent decline in July helping to drag down the nationa averages.

New Toronto residential construction has stayed at the same levels for he last few months however new home sales and building permits have strengthened.

The CMHC went on to say the housing market in 2010 should see some stabilization by an improving provincial economy, improving financial markets and high levels of affordability.

The Ontario Home Builders Association noted that Ontario housing starts fell 48 per cent when compared to August last year but they believe ” the worst is behind us”.

The Toronto Real Estate Market and especially the Toronto Condos market was hit with lower sales as building permits were not actioned because of the Toronto Civic workers strike.

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