Friday, February 27, 2015

New Toronto Home And Condo Market Start Of 2015

Toronto Entertainment District Condos For Sale/Rent
Toronto Entertainment District Condos

 New Toronto Condo Sales Still Strong In 2015

 The new Toronto Home and Condo market in 2015 is starting off with sales down but prices up.

Across the Greater Toronto Area there were 1,939 new Homes and Condos sold in January. Those results are 3% above the market's 10 year average, but down 12% from last year.

New high-rise Homes including Condos, Lofts and Stacked Townhomes declined 25% from last year as new Condo launches were down from a year ago.

The price of new low rise Homes increased by 8.3%, hitting a new record of $710,628.

The gap in average price from low rise Homes to Condos was $266,123 again a new record in January, according to RealNet Canada Inc.

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, February 21, 2015

U Condos-Toronto Bay Bloor Condos Yorkville Area

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

U Condos located at Bay/Bloor Streets in Toronto are now scheduled for occupancy soon.


Pre Delivery Inspection has just started for U Condo buyers.

The West Tower of U Condos is the first ready for occupancy and before we know it, it will be completely occupied by both Condo owners and renters.

In the meantime view the latest Bay Bloor Condos for 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.

Related:

U Condos For Sale/Rent Bay Street

U Condos Townhomes At Bay Bloor

Wednesday, February 04, 2015

Toronto Condo And Home Average Price January 2015

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

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 begin 2015

Detached Homes in the City of Toronto increased by 7.0% in January for an average price of $948,713.

Toronto Condo sales also increased by 6.2% with the average price reaching $382,458 from the same time last year.

The average price for all Toronto Home types including Detached,Semi-Detached,Townhouses and Condos was $552,575, up 4.9% compared to January 2014.

According to the Toronto Real Estate Board Home buyers continue to see Toronto Housing as along-term investment, despite economic uncertainty.


Toronto Home Types Average Price January 2015:

  • Toronto Detached Homes- $948,713, Up 7.0%
  • Toronto Semi-Detached Homes - $667,452, Up 7.2%
  • Toronto Townhouses- $502,267, Up 14.5%
  • Toronto Condos-$382,458, Up 4.5%
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.
 
Related:
 
 
 
 

Wednesday, January 14, 2015

Toronto Condo Rentals Increase 15% In 2014


Pier 27 Condos For Sale/Rent Queens Quay Toronto
Pier 27 Condos Queens Quay Toronto

The Toronto Condo boom showed no signs of slowing down in 2014 as the number of Condos rented out, increased by 15% year-over-year.

According to a leading Condo Market research firm, 22,765 Condos were rented out on the Toronto Real Estate MLS system in Toronto and Area.

Surprisingly the large demand for Condo rentals is increasing rental prices, now renting for an average $2.29 per square foot, an increase of about 1% but much lower than the average 4% per year increase since 2010.

The average size of a Toronto Condo rental is also shrinking by 1.5% or 12 square feet for an average Condo size of 761 square feet.

Pictured above: Pier 27 Condos For sale/rent.

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?  

Thursday, January 01, 2015

Five Condos At 5 St. Joseph Street New Toronto Condo Project

Five Condos at 5 St Joseph Street Toronto Available Soon!


Five Condos At 5 st. Joseph Street Toronto Available Soon
Five Condos At 5 St Joseph Street
Five St. Joseph Condos is a stylish, modern 48-storey Condominium project incorporating the historic-facade of 5 St. Joseph Street.

The Five Condo development incorporates several 19th-century buildings along Yonge Street including the 1905 Gothic revival brick facade of an old warehouse on St.Joseph Street.

Five Condos will use five brick buildings along Yonge Street that date back to the 1870s that will house new shops  and 14 residential Condominiums on the second and third floors.

If you would like to view other Bay And College Condos in this area, please contact me to schedule showings for you.


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


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?