Toronto Real Estate, Condos, Condominiums

Toronto Homes Average Prices Up 6 Per Cent

torontocondo — Mon, 12 May 2008 18:26:25 +0000

Toronto: The anticipated Toronto Real Estate spring rebound did not happen in April but Toronto Area homes increased 5 per cent from April, 2007. In the City of Toronto the average price increased to $446,781, up 6 per cent from April 2007.

Home sales declined for the fourth consecutive month as the momentum could not keep up with the record highs of 2007.

Toronto resales were down an average of 10 per cent with 3,467 transactions and the 905 area down 5 per cent with 5,295 April resales.

The Greater Toronto Area had a total of 8,762 houses sold, down 7 per cent from the record 9,452 transactions in April 2007.

Despite the decline in sales several neighbourhoods did experience strong price increases. Downtown Toronto Condos (C01) were up 10 per cent in price from April 2007. Downtown Condos in ( C08 ) were up 20 per cent in price as well from April 2007. North York Condos (C14) were up 8 per cent in price over April 2007.

My Toronto Real Estate web site has the latest Toronto Real Estate Board’s Market Watch with statistics on condo and home sale prices.

Toronto Condos Yonge And Eglinton

torontocondo — Wed, 23 Apr 2008 01:19:47 +0000

Toronto Condos in the Yonge and Eglinton area are always popular being midway in the city with a large variety of shopping, restaurants, cafes and schools.

Close proximity to the Yonge subway and a terminus for the many TTC Bus routes also helps with commuters going East, West, North and South.

The Avenue Condos:
Location: Avenue Rd. and St. Clair Ave.
Builder: Camrost-Felcorp
Size: 19 storey-73 units
Occupancy: Fall 2009
Web: www.theavenue.ca

Chateau Royal Condos;
Location: Mount Pleasant and Eglinton Ave.
Builder: Panterra Federated
Size: 8 storey-98 units
Occupancy: May 2008
Web: www.torontohomeandcondo.com

Churchill Park Condominiums:
Location: Spadina and St Clair Ave.
Builder: Tower Hill Developments
Size: 14 storey- 45 units
Occupancy: May 2009
Web: www.churchhillparkcondos.com

500 St. Clair W.
Location: St Clair and Bthurst St.
Builder: The Goldman Group and Lash Developments
Size: 22 storey-166 units
Occupancy: Fall 2009
Web: www.theforesthill.com

The Courtyards Of Upper Forest Hill:
Location: Bathurst and Briar Hill Ave.
Builder: SLM Property Investments
Size: 6 storey-63 units
Occupancy: Pre-Registration
Web: www.courtyardsofforesthill.com

900 Mt. Pleasant Condos:
Location: 900 Mt. Pleasant Rd.
Builder: Plazacorp
Size: 19 storey-224 units
Occupancy: Summer 2008
Web: www.900mtpleasant.com

88 On Broadway Condominiums:
Location: Broadway and Redpath
Builder: Cityzen Urban Lifestyle and Myriad Group:
Size: 20 storey-202 units.
Occupancy: march 2008
Web: www.88onbroadway.com

One12 St. Clair Avenue West Condos:
Location: 112 St. Clair Ave. West
Builder: The Grossman and Vranich Families
Size: 10 storey- 20 units
Occupancy: 30 to 60 days
Web: www.one12stclair.com

Panache Condominiums:
Location: Eglinton and Yonge St.
Builder: Stanford Homes
Size: 21 storey-196 units.
Occupancy: Immediate
Web: www.stanfordhomes.ca

Quantum The South Tower At MintMidtown Condos:
Location: Yonge and Eglinton
Builder: MintoUrban Communities
Size: 39 storey-336 units
Occupancy: 30-60 days
Web: www.mintomidtown.com

Quantum2 the North Tower At Mintomidtown Condos:
Location: Yonge and Eglinton
Builder: MintoUrban Communities
Size: 54 storey-555 units
Occupancy: Fall 2008
Web: www.mintomidtown.com

83 Redpath Condos
Location: 83 Redpath
Builder: The Benvenuto Group
Size: 21 storey-207 units
Occupancy: February 2010
Web: www.83redpath.com

More re-sale Toronto Condos,Lofts and Townhomes, can be found on my Toronto Real Estate website. Here you can find newly listed Condominiums, Lofts and single detached homes.

Toronto First Time Buyers

torontocondo — Mon, 07 Apr 2008 17:13:10 +0000

Toronto first time buyers are using creative strategies to reach home ownership on their own without the help of a spouse and they are doing this at a much earlier age according to a recent survey by the Canadian Association of Accredited Mortgage Professionals (CAAMP).

A report from Statistics Canada found 22 per cent of people aged 25 to 39 who owned a home in 2006 bought it themselves while 76 per cent became homeowners with a spouse or partner.

Recently an increasing number of single women are deciding to become home owners, opening up a new market for Toronto Condos in particular, as Condos provide security, home ownership and a great chance to build their own equity instead of their landlords.

Considering the rent on an average 2 bed-bedroom apartment in many major cities in Canada is the equivalent amount needed for a Condo mortgage payment, many are turning to the Condo lifestyle.

Long term mortgages with amortization terms longer than 25 years and with little or no down payment requirements are also helping these first-time buyers.

With the average age of first-time buyers at 32.5 per cent in 2006, and dropping, it appears young homeowners are passing over the rental phase and quickly moving into home ownership.

My Toronto Real Estate website has Condos, Town-homes and Loft’s for first-time Toronto buyers.

Toronto Condos More Affordable

torontocondo — Thu, 27 Mar 2008 20:11:18 +0000

In a new report from a leading Financial Company (Genworth Financial Canada) and the Conference Board of Canada, Toronto Condos are forecast to increase 2.9 per cent in 2008 compared from 7.6 per cent in 2007.

Toronto median resale prices are expected to rise to 236,351 in 2008, due to the affordability compared to detached homes and semi-detached homes.

Vancouver Condos in comparison are forecast to rise to a median resale price of $346,713 in 2008, an increase of 5.7 per cent.

Vancouver Condos have risen in price by an average 15.4 per cent annually over the last 3 years and are seen to increase 3.5 per cent per year to $389,344 by 2012.

Toronto Condos will continue to offer solid opportunities to all segments of the new and resale market including first-time buyers, move-up buyers and empty nesters. More important new segments of the market like single Toronto female condo buyers are also beginning to enter this exciting market.

Affordable Toronto Condos can be found on my Toronto Real Estate website that includes new and resale Condominiums, Lofts and Homes for sale.

With Toronto Condos slowing down but increasing towards 2012 the savings on the average Condo resale price now should be approximately $38,780.

Average resale Toronto Condo Price:

2007 Forecast $229,708

2008 Forecast $236,351

2009 Forecast $242,254

2010 Forecast $250,623

2011 Forecast $259,507

2012 Forecast $268,488

Toronto Condos Top Site In North America

torontocondo — Wed, 12 Mar 2008 14:37:04 +0000

Toronto Condos hit a record 22,654 sales in 2007, making it the top site in North America for high-rise buildings.

Condominium building in the greater Toronto area helped push the seasonally adjusted and annualized rate of housing starts to 47,800, up 24.8 per cent compared to January.

Despite the U.S. housing meltdown, total Canadian housing starts for January and February were up 50 percent compared to the first two month of 2007.

The greater Toronto area is reporting nine new Condo openings in the first two months of 2008 compared to five last year at the same time according to a Toronto market research company, Urbanation.

According to the Ontario Home Builders Association, there is a significant backlog of Condo sales in the Greater Toronto area that are just now starting construction.

Toronto Condos Market 2008 Forecast

torontocondo — Fri, 29 Feb 2008 19:35:49 +0000

Canadian real estate markets remain normal, in comparison to the worsening situation in several of the United States major markets like California, and Florida.

With the American Economy stumbling its is sure to slow the growth in Canada but a strong economy here, should negate the Canadian housing market from falling.

Construction, sales and price gains are forecast to moderate in 2008 because of decreasing affordability for first time buyers and softening in our own domestic economic conditions that are tied in with U.S meltdown and housing slump.

Toronto Condos are also forecast to hold up better in this market than single-detached construction as the price difference between the two is substantial.

Balanced resale market conditions with sales volumes edging down and more listings come on stream like Toronto Condos, should moderate the average market price increases into mid-single digit range.

The increasing choice and affordability in the Condo Market across Canada and especially Toronto will continue to attract first time buyers to real estate. Adding to this broadening buyer pool will be single female condo buyers who in turn will also take advantage of these favourable market conditions.

New flexible financial products along with affordable interest rates will also continue to attract buyers.

Between 1998 and 2007 Canada’s housing boom have soared 65 per cent with average price gains of 6 per cent per year.

Canadian domestic economic fundamentals are still encouraging but there are downside risks brought on by the U.S. economic outlook regarding their financial market activity. This could restrain Canada’s overall housing performance.

The Toronto Condos Market forecast for 2008 is for moderate growth with average price increases of 6-9 percent in overall performance.

Iris Li is very active in the new and resale Toronto Condo market and you can visit her Toronto Real Estate website for current Mls listings.

Toronto Real Estate Sales Hit the Down Button

torontocondo — Wed, 27 Feb 2008 16:53:54 +0000

Toronto Real Estate sales dropped 14% in the first 2 weeks of February compared to the same period a year ago according to the Toronto Real Estate Board.

The number of resales were 2,775 in the Greater Toronto Area (GTA) , down from 3,240 reported in the same period in 2007.

The City of Toronto was down even more with resales down 18% compared to the 2007 period.

On a good note the average price of a home in the GTA rose 7% on a year to year basis and the average price in the City of Toronto rose 11% to $434,657.

So we have the bad news-good news and we will have to wait to see how the Spring Market sales play out.

The Toronto downtown lifestyle offers even more Toronto Condos planned for 2008 and Condo developers will add new exciting projects in the future.

One of many new Luxury 5 star Hotel/Condos now appearing on the market is The Hazelton Hotel situated in Yorkville. Here you can enjoy elegant dining in one of Toronto’s exceptional restaurants or even sip a coffee in their street level patio and watch shoppers stroll and shop in Yorkville’s trendy shops.

We all can participate in Toronto’s future development.

There are some very interesting resales of Condos, Lofts and Homes on my Toronto Real Estate website.

North York Condos

torontocondo — Wed, 06 Feb 2008 16:38:01 +0000

North York Condos are rapidly gaining in popularity as this city centre, is becoming a demand location and lifestyle, with all the amenities found downtown, like shopping, restaurants, cinemas and even live theatre.

North York is also home to many Canadian head office towers including Xerox, Procter & Gamble, Nestle and Lindt and Equifax to name just a few.

Yorkdale Shopping Centre and Fairview Mall are two of the biggest shopping malls in North York and smaller malls like Bayview Village and Sheppard Centre are close by as well.

Here are New North York Condos, that are currently offered on the Toronto Condo market.

Avonshire Condos
Location: 100 Harrison Garden Blvd.
Builder: Tridel
Size: Two 21 storey-total 435 units
Occupancy: Summer 2010
Web: www.tridel.com

C-Condominiums
Location: 503 Beecroft Ave. West of Yonge St.
Builder: Empire Communities
Size: 21 storey-242 units
Occupancy: April 2008
Web: www.empirecommunities.com

The Continental Condos:
Location: 509 Beecroft Ave.
Builder: Empire Communities
Size: 21 storey- 274 units
Occupancy: Immediate
Web: www.empirecommunities.com

Dia Condominiums:
Location: Canterbury Place, South of Finch Ave.
Builder: Tas Design Build
Size: 18 storey-164 units
Occupancy: 30-90 days
Web: www.dialife.ca

Grand Triomphe:
Location: Yonge St., and Byng Ave.
Builder: Tridel
Size: 30 storey-307 units
Occupancy: Early 2009
Web: www.tridel.com

Sponsored Link:

North York Condos
New & Resale Condos Search Online
Research North York Area Condos
www.torontorealestatehome.com

Hillside At York Mills 3:
Location: William Carson Cres. East of Yonge St.
Builder: State Building Group
Size: 8 storey-162 units
Occupancy: Immediate
Web: www.statebuildinggroup.com

Luxe Condominiums:
Location: Yonge and Finch
Builder: Menkes Developments
Size: 24 storey-199 units.
Occupancy: Summer 2009
Web: www.menkes.com

Meridan Residences Condos:
Location: Yonge and Finch
Builder: Tridel/Hullmark
Size: 26 storey-312 units
Occupancy: Late 2008
Web: www.tridel.com

The Palm Condos:
Location: Yonge and Finch
Builder: Castle Royal Developments Ltd.
Size: 23 storey-216 units.
Occupancy: November 2010
Web: www.thepalmcondos.com

Pearl Condominiums:
Location: 35 Hollywood Ave.
Builder: Conservatory Group
Size: 24 storey-351 units
Occupancy: June 2009
Web: www.conservatorygroup.com

Platinum Towers XO:
Location: 18 Spring Garden Ave.
Builder: Conservatory Group
Size: 36 storey-341 units
Occupancy: April 2008
Web: www.conservatorygroup.com

Savvy Condos:
Location: Yonge and Sheppard Ave.
Builder: Menkes Developments
Size: 20 storey-275 units
Occupancy: To Be Advised
Web: www.menkes.com

More re-sale Toronto Condos, can be found on my Toronto Real Estate website. Here you can find newly listed Condominiums, Lofts and single detached homes.

Toronto Condos

torontocondo — Mon, 31 Dec 2007 16:06:24 +0000

Pictured above is a new San Francisco Condo development with a great view. Pre sales were from $500,000 to $2 million.

I just returned from the San Francisco Bay area and found the Condo market quite interesting.

Toronto Condos are still very far ahead in price, location and affordability. In future I will compare the price per square foot and also the actual market.

I think that eventually the San Francisco Condo market will double or triple in sales once the Condo lifestyle that we now enjoy here in Toronto, catches on there.

I can not imagine a more beautiful setting for condo development than San Francisco.. sorry Vancouver!

My website has current Toronto Condos for sale and includes downtown, midtown and North York Condos to name a few.