Posted by: torontocondo | May 12, 2015

Toronto Condo Market Update: Condo Sales Hit A High

Pier 27 Condos For Sale/Rent

Pier 27 Condos For Sale/Rent

The average price of a Toronto Condo was $407,612 up 5.8%. Even Condos in the Greater Toronto Area increased by 7.4% this April to $318,471.

Toronto Condos in the City of Toronto averaged $407,612, an increase in sales of 13.9%.

The overall average resale price of all Toronto Home types including detached, semi-detached,townhouses and Condominiums was $635,932, up 10% from the same time last year.

Demand in the Toronto Condo Market continues with more buyers looking for Condos in the downtown area in a work and play environment.

Iris Li is a Remax Condos Toronto Realtor specializing in both new and resale Toronto Downtown Condominiums. and Toronto Homes for sale.

Pictured Above: Pier 27 Condos For Sale/Rent.

Related Toronto Condo Blog Posts:

L Tower Condos For Sale/Rent (buyselltorontorealestate.com)

Aura Condos For Sale or Rent (torontohomeandcondo.com)

New Toronto Condos Completed In 2014 Set Record (torontorealestatehome.com)

Iris Li Remax Toronto Realtor

Iris Li Remax toronto Realtor

 

 

Posted by: torontocondo | May 8, 2015

Toronto Condos Average Price Record $400,000 In April

L Tower Condos Toronto

L Tower Condos Toronto

 

The average price for a Toronto resale Condo was $407,612 in April, up 5.8% from a year ago.

Condo price growth was higher in the Toronto suburbs (905) area with the average Condo price $318,471, up 7.4% tear-over-year.

The Toronto Condo price gains are outpacing both inflation and income gains.

Despite the large number of new Toronto Condos arriving on the Toronto Real Estate Market buyers are waiting, especially in the downtown area.

An example of the new work & play downtown destination for Condos would be the Toronto Entertainment District.

Where in Toronto do you want to live?

Search Now!

Each one of these Toronto Condominium Districts are more than enough to attract both Condo buyers and Condo renters.

Many of these Toronto Condos are very close to Rapid Transit and many of them offer work and play in the very same neighbourhood.

Pictured Above: L Tower Condos sale/rent.

Take a look and be sure to call me to arrange showings for any Toronto Condos that may just interest you!

Iris Li is a ReMax Condos Toronto Realtor specializing in Toronto Downtown Condos, Condominiums, Town homes and Lofts.

Call today for a scheduled showing for any of these Toronto Condo properties or Toronto Single-Detached Homes!

 

Posted by: torontocondo | April 24, 2015

Toronto Home Prices Skyrocket With Demand And Fewer Listings

L Tower Condos Toronto

L Tower Condos Toronto

 

Living in a detached Toronto Home in the City is not cheap. the average resale detached Toronto home is now $1,057,687 Mid April 1-14, 2015, up 4.1% from the same time last year.

Yes even those expensive Toronto Homes had bidding wars between Home buyers, especially in good School districts.

The average price of a Toronto Home was 676,359. The rest of the GTA average Home price was $597,328.

Where in Toronto do you want to live?

Search Now!

Each one of these Toronto Condominium Districts are more than enough to attract both Condo buyers and Condo renters.

Many of these Toronto Condos are very close to Rapid Transit and many of them offer work and play in the very same neighbourhood.

Pictured Above: L Tower Condos sale/rent.

Take a look and be sure to call me to arrange showings for any Toronto Condos that may just interest you!

Iris Li is a ReMax Condos Toronto Realtor specializing in Toronto Downtown Condos, Condominiums, Town homes and Lofts.

Call today for a scheduled showing for any of these Toronto Condo properties or Toronto Single-Detached Homes!

 

Posted by: torontocondo | April 18, 2015

Toronto And Vancouver Homes Jump In Average Price So Far

Toronto Homes increase in average price as well as Vancouver Homes in the first three months.

A Royal LePage survey reported the average price of detached bungalows increased 6.6% to $405,895.

However there was a steady softening of Home prices in most Canadian Real Estate Markets in the middle of 2014.

Home prices were up moderately in Halifax, Montreal, Calgary and Edmonton but Home prices were flat in Saskatoon.

Where in Toronto do you want to live?

Search Now!

Each one of these Toronto Condominium Districts are more than enough to attract both Condo buyers and Condo renters.

Many of these Toronto Condos are very close to Rapid Transit and many of them offer work and play in the very same neighbourhood.

Take a look and be sure to call me to arrange showings for any Toronto Condos that may just interest you!

Iris Li is a ReMax Condos Toronto Realtor specializing in Toronto Downtown Condos, Condominiums, Town homes and Lofts.

Call today for a scheduled showing for any of these Toronto Condo properties or Toronto Single-Detached Homes!

 

 

 

Posted by: torontocondo | April 8, 2015

Toronto Home And Condo March Sales,Average Price Results

Toronto Waterfront Condo

Toronto Waterfront Condo

Toronto Home And Condo  Sales,Average Price Results:March

The City of Toronto (416 Area) reported 1,506 Condos sold during March, 2015 with an average price of $398,337 for these Toronto Condominium apartments.

  • Toronto Detached Homes sales increased 4.3% , the average price increased 15.9% to $1,042,405.
  • Toronto Semi-Detached Homes sales dropped -5.3%, the average price increase $723,167 up 9.8%.
  • Toronto Townhomes sales increased 8.3%, the average price up 13.1% to $546,993, up 13.1%
  • Toronto Condo apartments sales up 13.5% , the average price $398,337, up 3.3%

In our Toronto Condos Blog we offer you the reader, unique Toronto Condominium photos and current information on the latest Toronto MLS listings for the Toronto Condo Market.

Take a look at the right side of this Condo Blog to view the Most Viewed Condo Blog Posts for some interesting Toronto Condo Blogs viewed by our readers.

Iris Li is a Remax Condos Toronto Realtor specializing in both new and resale Toronto Downtown Condominiums. and Toronto Homes for sale.

Pictured Above: Pier 27 Condos For Sale/Rent.

Related Toronto Condo Blog Posts:

L Tower Condos For Sale/Rent (buyselltorontorealestate.com)

Aura Condos For Sale or Rent (torontohomeandcondo.com)

New Toronto Condos Completed In 2014 Set Record (torontorealestatehome.com)

Iris Li Remax Toronto Realtor

Iris Li Remax toronto Realtor

Posted by: torontocondo | April 3, 2015

Toronto Condo Corporations Rising Repairs & Maintenance

Cinema Tower Condos For Sale/Rent

Cinema Tower Condos For Sale/Rent

Insurance Companies Refusing New Condo Clients Over Quality Concerns.

Rising claims for water damage in many Toronto Condos is resulting in some Insurance companies refusing new business or demanding higher premiums for coverage.

Outdated Ontario Provincial legislation does not go far enough to prevent quality problems as Condos age.

Some insurance companies are being more restrictive about what Condo corporations they will insure and the cost of Condo insurance is rising for other Condo corporations as well as the minimum deductible.

Shoddy construction in some new Toronto Condos has resulted in lawsuits and higher repair costs for major problems like water damage with premiums and  insurance deductibles both expected to grow further.

The Insurance Bureau of Canada sees a need to improve the quality of Condo construction and ensure Condo repairs and preventive maintenance are rigorous and on going by Condominium corporations.

Iris Li is a ReMax Condos Toronto Realtor specializing in both new and resale Toronto Downtown Condominiums. and Toronto Homes for sale.

Pictured Above: Cinema Tower Condos For Sale/Rent

Related Toronto Condo Blog Posts:

L Tower Condos For Sale/Rent (buyselltorontorealestate.com)

Aura Condos For Sale or Rent (torontohomeandcondo.com)

The One Condos Bloor And Yonge Street (torontorealestatehome.com)

Posted by: torontocondo | March 25, 2015

Toronto Detached Home Price Up 21.3% Mid-March 2015

Cinema Tower Condos For Sale/Rent

Cinema Tower Condos For Sale/Rent

Toronto Detached Home sales and average prices are increasing again in the first two weeks of March, 2015.

Sales of Detached Homes in the City of Toronto increased 13.2 per cent indicating am excellent start for the beginning of Toronto Real Estate Spring Home buying season.

The average price for a City of Toronto Detached Home increased 21.3 per cent to $1,099,239 compared to the same time period last year.

It appears a lot of Toronto Home buyers were looking in the Fall of 2014 at where they wanted to live and are making their preferences known now early, in this Spring Market of 2015.

A shortage of Toronto Detached Home listings is making the Home buying process more difficult and at the same time increasing Home prices even more.

Iris Li is a ReMax Condos Toronto Realtor specializing in both new and resale Toronto Downtown Condominiums. and Toronto Homes for sale.

Pictured Above: Cinema Tower Condos For Sale/Rent

Related Toronto Condo Blog Posts:

L Tower Condos For Sale/Rent (buyselltorontorealestate.com)

The One Condos Bloor And Yonge Street (torontorealestatehome.com)

Posted by: torontocondo | March 19, 2015

Average Toronto Condo And Home Price Mid-March

 

U Condos Bay Street

U Condos Bay Street

 

The Toronto Real Estate Board reported 655 Condos sold in the 416 area, during Mid-March, 2015 with an average price of $396,805 for these Toronto Condominium apartments.

  • Toronto Detached Homes sales up 13.2% with the average price increasing 21.3 to $1,099,239
  • Toronto Semi-Detached Homes sales decreased -7.2%, the average price $782,940,up 13.3%.
  • Toronto Townhome sales  up 21.9%, the average price up 11.6% to $536,446.
  • Toronto Condo apartments sales up 12.9% , the average price $396,805 up down -0.8%

In our ongoing Toronto Condo Blogs we continue to offer you the reader, unique Toronto Condominium photos and updated information on the latest Toronto MLS listings for the Toronto Condo Market.

Iris Li is a Remax Condos Toronto Realtor specializing in both new and resale Toronto Downtown Condominiums. and Toronto Homes for sale.

Pictured Above: U Condos Bay Street Toronto

Related Toronto Condo Blog Posts:

L Tower Condos For Sale/Rent (buyselltorontorealestate.com)

Aura Condos For Sale or Rent (torontohomeandcondo.com)

The One Condos Bloor And Yonge Street (torontorealestatehome.com)

Posted by: torontocondo | March 13, 2015

Hot Toronto And Vancouver Spring Real Estate Markets

The Toronto Home And Condo Market sees increased early Spring sales.

It appears the Toronto Real Estate Market and the Vancouver Real Estate Market have no plans in slowing down as we start the beginning of a new year.

First, the ongoing lack of new listings is making the Home buying experience more difficult as more Toronto Home buyers are bidding on fewer listings.

The Toronto Condo market is experiencing more and more inventory but both Toronto Condo buyers and Toronto Condo renters are making better use of new inventory.

Vancouver Real Estate also experienced positive growth in both sales and average prices in the first two months of this year.

Toronto Real Estate monthly resale market figures for February showed the average city of Toronto detached Home sold for an average price of $1,040,018 an increase of 8.9% year-over-year.

The average city of Toronto Condo sold for $369,655 results of a 12.4% increase in sales.

Spring 2015 gains!

Where in Toronto do you want to live?

Search Now!

Each one of these Toronto Condominium Districts are more than enough to attract both Condo buyers and Condo renters.

Many of these Toronto Condos are very close to Rapid Transit and many of them offer work and play in the very same neighbourhood.

Take a look and be sure to call me to arrange showings for any Condos that may just interest you!

Iris Li is a ReMax Condos Toronto Realtor specializing in Toronto Downtown Condos, Condominiums, Town homes and Lofts.

Call today for a scheduled showing for any of these Toronto Condo properties or Toronto Single-Detached Homes!

Posted by: torontocondo | March 6, 2015

Toronto Home And Condo February Sales, Average Price Results

L Tower Condos

L Tower Condos

Toronto Home And Condo February Sales,Average Price Results:

The City of Toronto (416 Area) reported 1,153 Condos sold during February, 2015 with an average price of $369,655 for these Toronto Condominium apartments.

  • Toronto Detached Homes sales increased 16.9% , the average price increased 8.9% to $1,040,018.
  • Toronto Semi-Detached Homes sales dropped -1.5%, the average price increase $702,035 up 4.9%.
  • Toronto Townhomes sales increased 10.7%, the average price down -7.0% to $507,843
  • Toronto Condo apartments sales up 12.4% , the average price $369,655 down -0.9%

In our Toronto Condos Blog we offer you the reader, unique Toronto Condominium photos and current information on the latest Toronto MLS listings for the Toronto Condo Market.

Take a look at the right side of this Condo Blog to view the Most Viewed Condo Blog Posts for some interesting Toronto Condo Blogs viewed by our readers.

Iris Li is a Remax Condos Toronto Realtor specializing in both new and resale Toronto Downtown Condominiums. and Toronto Homes for sale.

Pictured Above: L Tower Condos For Sale/Rent.

Related Toronto Condo Blog Posts:

L Tower Condos For Sale/Rent (buyselltorontorealestate.com)

Aura Condos For Sale or Rent (torontohomeandcondo.com)

New Toronto Condos Completed In 2014 Set Record (torontorealestatehome.com)

Iris Li Remax Toronto Realtor

Iris Li Remax toronto Realtor

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