Wednesday, December 17, 2014

Toronto Condos Average Price Up Mid-December 2014

U Condos For Sale Bay Street Toronto
U Condos Bay Street Toronto

Average Prices For Toronto Condos Are Still Heading Upwards.


According to the latest Toronto Real Estate Board's Mid-December results, Toronto Condos rose in average price to $376,845, a 3.1% gain from the same time in 2013.

Toronto single detached Homes continued to increase in average price to $936,761, Mid-December, a 15.2 % gain year-over-year.

There were 492 Toronto Condos sold, an increase of 8.8 per cent.

The average selling price for all Toronto Home types including Condos,single-detached,semi-detached and Townhouses was $565,873 up by 8.6 per cent from the same time last year.

Strong buyer interest in Toronto Condos is keeping the Toronto Condominium price growth above the rate of inflation according to the Toronto Real Estate Board's latest report.

Pictured above: U Condos Bay Street, Toronto

Iris Li, Re/Max Condos Toronto Realtor specializes in Toronto Downtown Condo Listings, both new and resale.

Let us help you find that luxury new or resale Toronto Condominium.

Call/Text Iris Today!

416-505-8023

Friday, December 12, 2014

Toronto Condos-Buy,Sell or Rent In 2015?


U Condos For Sale/Rent Bay Street Toronto
U Condos Bay Street Toronto

National Real Estate Brokerage Re/Max Predicts Home Price Gains In 2015.

Toronto continues to attract a large percentage of Canadian immigrants that in turn support both the never-ending Condo construction boom but also players in bidding for single-detached Homes as well.

Even the Toronto suburbs are experiencing rising Home prices that negate the longer commutes by car or Go Train.

What do I think when even I am in rush-hour (really a play on words here)-BUY A Toronto Downtown Condo Today!

I have been on the Don-Valley Parkway (almost parked!), The Allan Expressway(again hardly moving),The Gardiner Expressway(Only express at 0100am), The 400 North Bound, with merging traffic at 5pm (well all those lanes just merging and not Moving!

Sadly many of these commuters will be stuck on the sidelines as Toronto Homes and Toronto Condos continue to become more expensive year-over-year.

The very best time to buy a Toronto Home or Toronto Condo was yesterday! Unfortunately a lot of buyers are really not quite sure what direction they really want.

Most Toronto Real Estate Agents believe in buying, not renting if you can afford to buy-for the longer term!

Just perhaps, these low interest rates and mortgage rates are a gift for all potential Home buyers who can afford to work and live in Toronto. No commute!

Iris Li, Re/Max Condos Toronto Realtor specializes in Toronto Downtown Condo Listings both new and resale.
 
View our very popular Toronto Condos for sale searches below:

Bay College Condos For Sale/Rent

Toronto Entertainment District Condos For Sale/Rent

Related:

Toronto Condos Market Unstoppable? 


Sunday, December 07, 2014

New Report-We Need All The New Toronto Condos

 
75 St Nicholas Condos Toronto For Sale/Rent
75 St Nicholas Street Condos Toronto

New Toronto Condos Will Satisfy Population Growth

In most major cities in Canada new Condos are under construction causing some observers to claim overbuilding is well underway.

According to a recent Housing report by the Canadian Imperial Bank, economists are not factoring in new immigrants in their demographics relating to household growth.

According to the bank 70 per cent of Canada's population growth is from new immigrants with half of these in the 25-44 age group that can lead to more household growth both in Condos and Homes.

The current ratio of housing starts to household formation is 1.03, still close to its long-term average.

Any claim of overbuilding in the Canadian Real Estate Market is not supported by the use in Household formation compared to Housing starts.

One observation many new Toronto residents do not understand is that all the new Toronto Condos they see under construction are all pre-sold before they even start.

Pictured above: 75 St Nicholas Condos for sale/rent.

Iris Li, Re/Max Condos Toronto Realtor specializes in Toronto Downtown Condo Listings both new and resale.

Let us help you find that new luxury new or resale Toronto Condominium.

Call Today!


View our very popular Toronto Condos for sale searches below:

Bay College Condos For Sale/Rent

Toronto Entertainment District Condos For Sale/Rent

Related:

Toronto Condos Market Unstoppable?





Wednesday, November 19, 2014

Average Toronto Condo Prices Continue Upward Trend Mid-November


Toronto Yorkville Condos Sale/Rent
Yorkville Condos For Sale Toronto

It seems Toronto Condo buyers are continuing to buy and as a result mid-November results released by the Toronto Real Estate Board showed a 18.5 per cent increase in Toronto Condominium sales.

Within the City of Toronto Condos average price increased 2.9 per cent to $407,178 compared to the same time last year.

Toronto detached homes were up 8.4 per cent to an average price of $922,524.

This Toronto Real Estate momentum in price growth will continue until the end of the year according to the Toronto Real Estate Board.

Pictured above: Toronto Yorkville Condos Sale,Rent.

Iris Li, Re/Max Toronto Realtor specializes in Toronto Downtown Condo Listings both new and resale. Let us help you find that new luxury new or resale Toronto Condominium.

Call Today!

Thursday, November 06, 2014

Toronto Condos/Homes Average Price October 2014

 
Nicholas Condos Toronto sale/rent
Nicholas Condos Toronto

 

Toronto Home Buyers Fuel Hot Toronto Home and Condo Market


A lack of Toronto MLS listings is driving the average price of singe-detached Homes higher as we reach the end of 2014.

Detached Homes in the City of Toronto increased by 8.7% in October for an average price of $951,746.

Toronto Condo sales also increased by 8.2% with the average price reaching $390,430 from the same time last year.

The average price for all Toronto Home types including Detached,Semi-Detached,Townhouses and Condos was $539,286, up 8.9% from October 2013.

According to the Toronto Real Estate Board there is a constrained supply of Home listings, particularly with low-rise homes.


Toronto Home Types Average Price October 2014:

  • Toronto Detached Homes- $951,746, Up 8.7%
  • Toronto Semi-Detached Homes - $678,937, Up 5.4%
  • Toronto Townhouses- $520,705, Up 9.8%
  • Toronto Condos-$390,430, Up 1.5%
View Toronto MLS Condo listings: Toronto Yorkville Condos For Sale/Rent

View Toronto MLS Home Listings: Toronto Rosedale Homes For Sale


If you would like more information on Toronto Harbourfront Condo Listings or to find out what is currently available in New and Resale Toronto Condominiums, please contact Iris Li, Re/Max Toronto Realtor.


Thursday, October 30, 2014

Toronto Waterfront Condos Will Enjoy Fastest Internet Speed In City

Pier 27 Condos Toronto Waterfront
Pier 27 Condos Toronto Waterfront

Toronto Waterfront Condos Now Connected To Fibre-Optic Network

Toronto Waterfront neighbourhoods can now enjoy the fastest Internet connections with access to unlimited 500 megabit per second downloading and uploading speed, fast enough to download a movie in under one minute.

The increased speed of the new fibre-optic Internet connection will allow film companies and industrial design companies to actually work from Home comfortably sitting in their own Waterfront Condo.

The new Toronto Condo Waterfront communities will be located East go Yonge Street.

Pictured above: Pier 27 Condos for sale/rent.

New: Toronto Entertainment District Condos Sale/Rent.

Iris Li is a ReMax Condos Realtor specializing in Toronto Downtown Condos, Condominiums, Town homes and Lofts. Call for a scheduled showing for any of these properties.

View The latest Toronto Harbourfront Condo Listings:

Saturday, October 18, 2014

Toronto Condo Sales Up Mid-October

Peter Street Condos For Sale Rent Entertainment District Toronto
Peter Street Condos Entertainment District

Toronto Condo Sales Continue Momentum But Average Price Drops


According to the latest Toronto Real Estate Board's Mid-October results, the average price for Toronto Condos was $381,709, down -2.6% from the same time in 2013.

Toronto single detached Homes continued to increase in average price to $946,131, mid-October, an 11.5 % gain year-over-year.

There were 629 Toronto Condos sold, an increase of 9.0 per cent.

Toronto detached home sales were up 10.7% increasing to an average price of $946,131.

The average selling price for all Toronto Home types including Condos,single-detached,semi-detached and Townhouses was $583,719 up by 8.8 per cent from the same time last year.

Overall price growth for Toronto Homes mid-October, was driven by the low-rise segment and this price growth is expected to remain over the next few months.

One of the most expensive Condo development deals was the purchase of a $113 million Condominium site, King Blue Condos, in Toronto's King Street West Entertainment District.

Toronto downtown Condos continue to offer affordable alternative living in an Urban setting.

Pictured above: Peter Street Condos For Sale/Rent,Toronto Entertainment District


New: Toronto Entertainment District Condos Sale/Rent.

Iris Li is a ReMax Condos Realtor specializing in Toronto Downtown Condos, Condominiums, Town homes and Lofts. Call for a scheduled showing for any of these properties.

View The Latest Toronto Downtown Condo Listings:

Bay Bloor Condos

Bay And College Condos
 

Wednesday, October 15, 2014

Toronto Condo Market Refuses To Quit


King Blue Condos King Street West Toronto Enterainment Dis
King Blue Condos Toronto Entertainment District


Toronto Downtown Queen Street Parking Lot Purchased For Condos


Toronto continues to have more Condo towers under construction than any other city in North America.

A recent parking lot on Toronto's Queen Street East was purchased for $87.5 million with plans to build both residential and commercial space in about four Condo towers.

One of the new Condo towers will be 28 stories, the other an eight-floor loft and two others will be decided later.

According to Toronto Condo researcher Urbanation Inc. a record 105,027 units were under construction, being marketed or in an occupancy phase in the second quarter of 2014.

One of the most expensive Condo development deals was the purchase of a $113 million Condominium site, King Blue Condos, in Toronto's King Street West Entertainment District.

Toronto downtown Condos continue to offer affordable alternative living in an Urban setting with all a World Class City has to offer in the way of employment, education, the Arts, fine dining and great cocktail bars and cafes.

Pictured above: King Blue Condos Toronto Entertainment District


New: Toronto Entertainment District Condos Sale/Rent.

Iris Li is a ReMax Condos Realtor specializing in Toronto Downtown Condos, Condominiums, Town homes and Lofts. Call for a scheduled showing for any of these properties.

View The Latest Toronto Downtown Condo Listings:

Bay Bloor Condos

Bay And College Condos