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


Sunday, October 05, 2014

Toronto Downtown Condos Continue Price Gain September

Shangri La Condos Toronto For Sale/Rent
Shangri La Condos Toronto


 Toronto Downtown Condos Average Price Continues Gain In September

Toronto Condos continue to increase in sales and average price for the Fall Market.

Condos in downtown Toronto in the two biggest downtown districts C01, and C08 once again, showed positive average price increases for September,2014.

The average Toronto Condominium price increased by $22,493 in the second largest Toronto downtown District, C08, increasing by 5.15 per cent.

DistrictAverage Price 2013Average Price 2014DifferencePercentage
C01$430,976$440,375+$9,399+2.18%
C08$436,445$458,938+$22,493+5.15%

Once again,the average price for Toronto Condos is made up of several different factors:

  • The Size of the Toronto Real Estate District, some bigger than others.
  • Number of Condos sold (the more the better for an average resale price).
  • Number of new Luxury Condos just entering the Condo market
  • High end luxury Hotel/Condo properties coming on the market.
  • Condo project specific- a project with say just boutique Condos at a lower price
  • Time of year, usually Spring market!
  • Any many more specifics..
Pictured above Toronto Shangri La 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

Thursday, September 25, 2014

Toronto Downtown Condos Continue Appreciation For Buyers/Renters

Toronto Downtown Condos Financial District
Toronto Downtown Condos

 Toronto Downtown Condominiums Appeal To Both Condo Buyers And Condo Renters


It appears Toronto Condominium investors remain bullish on the Toronto Condo Market.

Lower mortgage rates, steady immigration and strong job growth all contribute to a growing Toronto Condos Market, that includes both buyers and renters,especially Downtown.

Toronto's downtown core still remains most popular with my own Toronto Condo Investors who hold their units for the long term.

As a result the investor settles in with a steady cash flow, some even positive after all expenses such as taxes and Condo monthly maintenance fees.

According to some Toronto Condo Marketing firms, demand for Toronto downtown Condo rentals is going up faster than supply and should remain this way in the near future.

No one is mentioning the huge downtown Condo Market for the thousands of commuters driving into downtown Toronto daily.

Can you imagine, walking to work rather than spending 3-4 hours round trip every working day to arrive at work.

Now, the non-stop downtown Toronto Condo projects are impacting both pedestrians and even bicyclists with the downtown core gridlocked with construction and car traffic.

Wow! No car, no insurance, no gas bills, no auto repairs!

Welcome to Toronto downtown Condos!!


View Toronto MLS Condo Listings:
 Toronto Harbourfront Condos for sale or rent.

View Toronto MLS Home Listings:
 Toronto Rosedale Homes for sale.
 

If you would like more information on Toronto Downtown Condos or to find out  what is available in new and resale Toronto Condominiums, please contact Iris Li, Re/Max Condos Toronto Realtor.

Sunday, September 21, 2014

Toronto Downtown Condos Most Popular MLS Listings Search September 2014


Toronto Harbourfront Condo Listings
Toronto Downtown Condos

Strong Growth Continues In September For Downtown Condos For Sale Listings


Summer is almost over, and yet the market for Toronto Downtown Condos continues to show positive results in both MLS sales and average prices.

Yes, it seems more and more Toronto Real Estate buyers are considering Downtown Condos as their choice in living in our city.

I am sure the "Commute" plays a bigger part of their decision than most realize. Imagine and extra three to four hours a day in downtown Toronto to explore, shop, or just take in all that Toronto has to offer day in-day out!

And..no car, no gas, no insurance, no parking! Wow!


Check out our most popular Toronto Downtown Condo Listings searches:

Imagine, the above five Toronto Downtown Condo searches that include pictures and area information give you more Condos for sale or rent than any other North American city!

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

Wednesday, September 10, 2014

Toronto Downtown Condos Average Price August

 
Toronto Waterfront Condos
Toronto Waterfront Condos

Toronto Downtown Condos Average Price For August 2014

Toronto Downtown Condos continue to increase in average price for August 2014.

Condos in downtown Toronto in one of the two biggest areas, C08, again showed positive results for the month of August 2014.

The average Toronto Condominium price increased by $23,648 in one of the largest Toronto downtown District, C08, increasing by 5.95 per cent year-over-year.


DistrictAverage Price 2013Average Price 2014DifferencePercentage
C01$444,047$441,568-$2,479-0.0056%
C08$397,670$421,318+$23,648+5.95%

The average price for Toronto Condos is made up of several different factors:

  • The Size of the Toronto Real Estate District, some bigger than others C01,C08.
  • Number of Condos sold (the more the better for an average resale price).
  • Number of new Luxury Condos just entering the Condo market; much higher prices.
  • High end luxury Hotel/Condo properties coming on the market.
  • Condo project specific- a project with say just boutique Condos at a lower price
  • Time of year, usually Spring market! Now Summer Market!
  • Any many more specifics..
Pictured above the latest Toronto Waterfront 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 of these properties.

View The Latest Toronto Downtown Condo Listings:


Yonge And Bloor Condos Sale/Rent

Toronto Financial District Condos For Sale/Rent

Monday, August 18, 2014

Toronto Downtown Condos Average Price Increase July

Toronto Waterfront Condos
Toronto Waterfront Condos

 Toronto Downtown Condos Average Price For July

Toronto Condos continue to increase in sales and average price in July 2014.

Condos in downtown Toronto in the two biggest downtown districts C01, and C08 again showed positive results for the month of July.

The average Toronto Condominium price increased by $43,394 in one of the largest Toronto downtown District, C08, increasing by 11.27 per cent year-over-year.

DistrictAverage Price 2013Average Price 2014DifferencePercentage
C01$414,030$445,484+$31,454+7.6%
C08$384,874$428,268+$43,394+11.27%

The average price for Toronto Condos is made up of several different factors:

  • The Size of the Toronto Real Estate District, some bigger than others.
  • Number of Condos sold (the more the better for an average resale price).
  • Number of new Luxury Condos just entering the Condo market;Higher prices.
  • High end luxury Hotel/Condo properties coming on the market.
  • Condo project specific- a project with say just boutique Condos at a lower price
  • Time of year, usually Spring market! Now Summer Market!
  • Any many more specifics..
Pictured above the latest Toronto Waterfront 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 of these properties.

View The Latest Toronto Downtown Condo Listings:


Yonge And Bloor Condos Sale/Rent

Toronto Financial District Condos For Sale/Rent

Friday, August 08, 2014

Toronto Home Prices Continue Upward Trend

L Tower Condos Toronto Downtown
L Tower Condos Toronto

Toronto Home And Condo Average Prices Increase, July 2014


Strong growth in both Toronto Home average prices and Toronto Condos average prices were reported for July, 2014.

In this second half, Toronto Real Estate market conditions tightened with Home sales growth outpacing MLS listings, resulting in an average Home price growth above the rate of inflation.

According to the Toronto Real Estate Board "Strong demand for ownership housing will underpin robust average price increases for the remainder of 2014."

Toronto Home July Home sales were up 10 per cent to 9,198 and the average resale price for all Toronto Home types was $550,700, up by 7.5 per compared to 2013.

Toronto Condos average price was $379,002 increasing by 4.7 per cent year-over-year in July.

Toronto Home and Condo buyers are still considering affordable Home purchases in our City and the new and resale Toronto Home market shows their interest.

Iris Li, Re/Max Condos Toronto Realtor, specializes In Toronto Harbourfront Condos For Sale/Rent both new and resale and Toronto Forest Hill Homes For Sale.