Toronto Luxury Condos

Luxury Toronto Condos

Luxury Toronto Condos, luxury Condo private residences and even Condo Town homes are now ready or soon will be for wealthy local and international buyers.

Opening soon:

• Trump International Hotel & Tower
• Shangri-La Residences
• Ritz-Carlton Residences (completed)
• Four Seasons Private Residences 

Some of the included amenities for these Luxury Toronto Condominiums:

• Valet parking
• Spa and fitness centre
• Fully equipped exercise gym
• Lap pools
• Yoga and fitness classes
• Fine restaurants
• Finest appliances and fixtures
• Design kitchens
• World best Architects and planners
• And much..much..more!

High-end Condominium projects are available in Toronto's Downtown and Yorkville areas.

Toronto luxury Condos are still a bargain at $1,000 to $2,000 per square foot. Prices in London, Hong Kong and New York are much higher.

Most of these Luxury projects are pre-sold with up to 85 per cent bought some 3 years ago.

The concept of 5-Star Luxury Condos has finally arrived in Toronto.

About the Author:

Iris Li is a RE/MAX Toronto Realtor specializing in Toronto Downtown Condos and other Toronto Real Estate

Yorkville Condos Toronto

Financial District Condo Listings

Toronto Condos Reach Record In New Home Sales

Downtown Toronto Condos Peter St.

The Toronto Condos market continues to boom in 2011 with 62 per cent of all new home sales.

Since 2000 there has been a trend according to Realnet Canada Inc. away from detached homes towards high-rise Condominiums.

Over the past decade the Greater Toronto Area has grown by 100,000 people per year with approximately 40,000 new homes built lagging behind the population.

Are Toronto homes affordable?

According to the Toronto Real Estate Board the average person can expect to pay:

• Average Toronto Home price $465,412
• Estimated household income $102,000
• Down payment 20 per cent
• Average monthly mortgage $372,340 or $2,036 per month

More and more new Toronto Condos are on the way including the Peter Street Condos pictured above.

Toronto continues to attract an entire new downtown workforce who prefer the urban Condo lifestyle that is now being offered at reasonable prices and good locations.

About the Author:Iris Li is a RE/MAX Toronto Realtor specializing in Toronto Downtown Condos and other Toronto Real Estate.

Toronto Home Sales Higher In 2011-Top Expectations

Toronto Condos Yonge Bloor

Home sales were higher in 2011 ending up 2.2 per cent higher with 457,000 resales compared to 2010.

The Canadian Real Estate Association was expecting fewer homes sold on Canada's MLS® service.

CREA stated that the momentum of resales across the country remain in positive territory but they see the market beginning to slow.

They see low interest rates supporting home sales activity and also supporting house prices, making them more affordable.

Toronto and Vancouver continue to drive the increase in annual home sales but both see average home prices lower than December 2010.

Toronto Condos will again lead the new home sales for 2012 with many new projects under construction with even more new Condos on the way.

Related:

Yonge Bloor Condos For Sale/Rent

Toronto Homes For Sale-Rosedale

Toronto Condos Blog 2011 Review

Toronto Downtown Condos Fort York

We started off our Toronto Condos Blog in 2011 with Toronto's Unstoppable Condos. It seems that the Toronto condominium market still shows no sign of stopping.

The Toronto Downtown Condo Rentals were starting to heat up and yes, there were bidding wars for many of the Condo rental listings.

New rules were introduced "Toronto Condo Buyers Face Tougher Mortgage Rules" by the Federal government making it more difficult to get a loan.

A new Boutique Condo Hotel. Bisha Hotel And Residences was announced for 56 Blue jays Way in the heart of Toronto's King West/Entertainment District.

One of Toronto's newest luxury five-star Hotel and Condos, The Ritz Carlton was close to completion with 267 hotel rooms and 135 Condominium residences.

Toronto Condos Record Sales 2010 was another popular Condos Blog showing Condominiums for the first time accounted for 52 per cent of all new purchases.

Our Toronto Condos Blog was again updated with a live feed from twitter.com/irisliremaxagnt and also a Most Viewed Blog Posts showing what our readers choose.

We posted Toronto Condo Penthouse Record $28 Million Sale that interested a lot of readers to our Blog.It was the most expensive Condominium sold in Canada.

We will have to continue 2011 in review in a later post, as we do have much more to share.

About the Author:

Iris Li is a RE/MAX Toronto Realtor specializing in Toronto Downtown Condos and other Toronto Real Estate.

Toronto Real Estate Sales,Prices Mid-Month December

Toronto Downtown Condos

Toronto Real Estate Average Prices Mid-December

Toronto Real Estate Agents reported December mid-month results that showed MLS transactions up 11 per cent over the same time last year.

On a year to date basis the number of Toronto resale homes amounted to 87,407, up 4.3 per cent compared to 2010.

As Toronto home buyers continue to take advantage of affordable home ownership options like lower interest rates and more listings this year will be the second best year on record for The Toronto Real Estate Board.

Now for the average price for a Toronto home in the first two weeks of December. It was $460,967-up 6 per cent from December last year.

The average resale price for Toronto (416) area was as follows:

Detached-$708,993 up 3%

Semi-Detached-$504,532 up 2%

Townhouse- $364,929 down 10%

Toronto Condos-$359,206 up 4%

The Toronto Real Estate Board is saying the current positive resale market should continue into 2012 with prices somewhat lower.




Toronto Downtown Condos

Yorkville Condos Toronto

Financial District Condos Toronto

Toronto Real Estate Sales,Average Toronto Home and Condo Price November

Toronto Downtown Condos

TORONTO - Toronto Realtors(R) reported November resale home figures of 7,092 residential transactions resulting in an 11 per cent increase over the same time last year.

The Fall Real Estate Market in Toronto continued with strong annual sales growth and with more transactions there was more resales through both Condos and low-rise homes.

The average GTA resale price was $480,421, up 10 per cent from November 2010.

New Toronto Home and Condo listings were up 14 per cent resulting in more choice for home buyers.

In the Toronto(416) area the average resale price of a detached home was $776,017, up 12 per cent from November 2010.

Toronto Condos gained 8 per cent year over year to an average price of $365,131.

Sales of Toronto Condos were varied with the most Condos sold in any one price range was 606  units sold between $200,000 and $299,999.

There were 21 Toronto Condos sold over $1,000,000 with 6 of those selling over $2,000,000.

Check out the following new and resale Toronto Condos for sale.

Toronto Downtown Condos

Financial District Condos

St. Lawrence Market Condos

Toronto Luxury Condos Attracting Younger Buyers

Toronto Luxury Condos Downtown

Toronto Condos continue to increase in price and Toronto Luxury Condos are no exception.

Selling at $1,000 per square foot and with sizes of 1,800 to 4,000 square feet, final sale prices are into the millions.

Yorkville saw a record $28 million spent on a Luxury Condominium Penthouse, setting a record for Toronto and the Canada.

According to sales representatives for the various Toronto Luxury Condos, some of these wealthy Condo buyers are younger and well employed.

Of course there are still buyers downsizing from large family homes in Toronto's Rosedale and Forest Hill neighbourhoods.

These buyers from higher-end neighbourhoods are choosing Luxury Condominium suites in projects like The Shangri-La, Festival Towers and M5V, all pictured above.

Attractions for new Toronto Luxury Condos include:

• Downsizing from Luxury home
• Service from the new breed of Toronto Condo-Hotels
• Living currently in a Toronto Condo and moving to a newer, larger suite
• International buyers with business in Toronto
• Increasing interest from Mainland China buyers and South Asia
• Transfer of funds coming down from generations

Toronto Luxury Condos are still considered a bargain when compared to London, Hong Kong and other major cities in the World.

Toronto Downtown Condos search

Toronto Condos Real Estate Hotspot

Toronto Condos Downtown

A new Remax Real Estate study of residential construction and renovation over the past decade shows a doubling in the value of a Canadian Home.

The study across 16 major Real Estate markets from Toronto Condos boom to Regina's price surge are all highlighted in a recent Remax Housing Evolution report.

Toronto's skyline continues to be transformed by high-rise Condos, increasing the downtown area with high density housing.

Between 2000 and 2010 there was a increase of 212 per cent in new Toronto Condos sold. As a result Toronto is the largest Condo market in North America, with more new Condos than Mexico City, New York and Chicago.

Surprisingly there is a choice of new Condos in downtown Toronto from smaller starter home Condos for first-time buyers to a $28-million Four Seasons Residences penthouse.

Related:

Toronto Downtown Condos search