Toronto Condos Sales Soar In October

New Toronto Condos reached 2,064 sales an 80.3 per cent increase from October 2008.

This turnaround has seen purchasers taking advantage of low interset rates and intense competition from builders, according to the Building Industry and Land Development Association.

Total new Condo sales in Toronto and the GTA reached 2,450 units, an increase of 76.8 per cent.

Year-to-date sales figures were 11,087 new Condominiums, down 20 per cent from 13,853 sold in 2008 for the same period.

Related Posts:

Toronto's New Skyline

Toronto Real Estate October Sales

Toronto Housing Sales Set Record

Housing sales rebounded 41 per cent in October setting new records in Toronto, Montreal and Ottawa.

CREA is looking to stronger activity and average prices for 2010.

New listings continue to be on the decline driving prices upward from October 2008.

The Canadian Real Estate Association expects 460,200 units to be sold in 2009 putting housing sales on par with 2004 but below 2005 through 2007.

Related Posts:

Near Record Toronto Home Sales Forecast For 2009

New Condominium Sales Increase 95% For September

Toronto's New Luxury Hotel-Condominiums Downtown

Toronto's New Skyline

Toronto's Skyline continues to change with more and more new Condominiums and office towers filling the sky. Since 1990 more than 100,000 Condos have been built with most in high-rise projects in the downtown area.

Sales of new Condos slowed in the Fall of 2008 and into the Spring of 2009 but not to the extent of unfinished or unoccupied Towers you can find in New York or Chicago.

Toronto is North America's fifth-largest city and attracts many foreign investors from all over due to the stable and safe neigbourhoods of the City. There are many sports teams including hockey, basketball and football.

Toronto is walkable and similar to San Francisco in size. Shopping and restaurants contribute to a very cosmopolitan city that is home to many cultures and cuisines.

Even new Commercial Real Estate is growing in the downtown area with the completion of three recent office towers.

• The Telus Tower (The office tower in the right)
• RBC Centre
• Bay Adelaide Centre West

This new building surge is unequaled in North America, compared to other larger cities like Los Angeles, Chicago or New York. Not only have these projects succeeded to completion but most are almost fully tenanted.

New Toronto Condo listings in the downtown area.

Related Posts:

Toronto's New Downtown Commercial Real Estate

Toronto Real Estate October Sales

Toronto Luxury Homes Post Record Sales Says Remax

Royal Canadian Military Institute Condos 426 University

A new 42 storey Condominium will be erected on the current site of the Royal Canadian Military Institute at 426 University in Toronto.

This University Ave. Condominium will be 42-storeys with a total of 315 suites.

What is unique is there will be no parking the Condos will be car free, save a few parking spots for car-share companies only.

This location is one of the best in Toronto, close to all the Major hospitals, the downtown business core and both Queen and King Street West.

Completion is scheduled for 2013.


Available Condos In This Area:

Near Record Toronto Home Sales Forecast For 2009

Toronto Real Estate has been setting record sales recently however the comparison is to the Fall months of 2008 when the Market simply froze.

It started to pick up again starting in January, 2009 and has gained month over month for most of this year. It was not just the Toronto Real Estate Market but the rest of the larger cities like Vancouver, Calgary and Montreal followed as well.

New Toronto home sales like Condos and detached homes rose 97 per cent compared to the same period in 2008 according to RealNet Canada.

Not only sales were up in Toronto but the average resale price was up as well. The fact that there are fewer listings almost every month, has put pressure on available Toronto MLS listings resulting in higher prices.

Related Posts:

Toronto Condos Downtown



Boomers To Reshape Downtown Toronto Real Estate

New Condominium Sales Increase 95% For September

New Condominium sales rose 97 per cent in September according to figures released by RealNet Canada to 1,365.

In comparison to September's 2008 lower totals, these new totals appear extremely high however in 2008 only 693 new Condos were sold.

The total new Home and Condo sales for September,2009, including the Greater Toronto Area were 3,883 compared to 2007 with 3,972 units sold.

Totals for September 2008, were 1,824 compared to September 2009 recent sales of 3,883, a 112.9 per cent increase.

Reasons for this this large increase in new Condominium sales were the numerous new projects on the market and buyers responding with their check books.

Pictured above on the right is a new Condominium project in the Bloor-Yonge area, The Casa Condos, and to the left is The Bloor Street Neighbourhood Condominiums. In the middle in the distance is The X Condos, all new projects in the same general area.

You can search further for Toronto Condos For Sale.

Related Posts:

Yonge And Bloor Condos 15 St Mary Street

Toronto Condos Downtown

Casa Condos Bloor Yonge

Casa Condos in the Bloor Yonge area are nearing completion. This Condo is huge from the street level, it can be seen from St Thomas St. in the West.

More and more new Condo Projects are going up in this immediate Toronto area. With the completion of these Condos the Bloor Yonge area will be transformed yet again.

We were surprised to see somewhat of a change on Yonge Street already for the good.

From the Casa Condos both Subway lines are easily available and there are many Toronto attractions with in a short walk.

Here are the updated Toronto Condominium Listings in this Real Estate area ( C08 ).

Related Posts:

Toronto Condos Downtown

New Downtown Toronto Condos East Of Yonge

Experts Warn Against Impulsive Buying Of US Real Estate

The Canadian dollar is once more reaching for parity with the US Dollar. As a result buyers are again considering buying because of the strength of our dollar.

Condos in Florida are selling much less than they were a year ago and with housing crisis still ongoing a second home in Florida offers a real lifestyle change.

Florida, a popular destination for Ontario and Quebec natives is a favourite for people wanting to buy however taxes are very high for non residents and insurance for Hurricanes can be costly as well.

Canadians are also finding it difficult to qualify for a mortgage south of the border due to the recent sub-prime meltdown.

Even the American estate tax system taxes the estates belonging to non-US citizens so buyers have to be careful to develop an estate plan to ensure they are not left with a huge tax burden if they die there.

Related Posts:

Toronto Condos Downtown