Thursday, July 17, 2014

Average Toronto Condo Prices Continue Upward Trend Mid-July

Toronto Shangri La condos Sale/Rent Toronto Downtown
Toronto Shangri La Condos Sale/Rent


Average Prices For Toronto Condos Are Still Heading Upwards.


According to the latest Toronto Real Estate Board's Mid-July results, Toronto Condos rose in average price to $396,078, a 10.7% gain from the same time in 2013.

Toronto single detached Homes continued to increase in average price to $865,635, mid-July, an 8.8 % gain year-over-year.

There were 649 Toronto Condos sold, an increase of 10.9 per cent.

Toronto detached home sales were up 8.8% increasing to an average price of $865,635.

The average selling price for all Toronto Home types including Condos,single-detached,semi-detached and Townhouses was $549,174 up by 8.0 per cent from the same time last year.

More new Toronto MLS listings in the last half of 2014 could provide more choice for buyers if new listings outpace sales growth.

Iris Li, Re/Max 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, July 11, 2014

Toronto Downtown Condos Average Price Gains June 2014

 
Pier 27 Condos Toronto Waterfront
Pier 27 Condos Toronto Harbourfront

Toronto Downtown Condominiums Average Price Gain June

Toronto Downtown Condos continued to increase both in sales and average price for June 2014.

Downtown Toronto Condos located in the two biggest downtown districts C01, and C08 continued to show strong average price gains for June,2014.

The average Toronto Condominium price increased by $37,482 in the second largest Toronto downtown District, C08, increasing by 8.39 per cent year-over-year.

DistrictAverage Price 2013Average Price 2014DifferencePercentage
C01$417,955$439,650+$21,695+4.93%
C08$409,142$446,624+$37,482+8.39%

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

  • The location of the Toronto Real Estate District, some more in demand than others.
  • Number of Condos sold (the more the better for an average resale price).
  • Completion of new Luxury Toronto Condos just entering the Condo market
  • High end luxury Hotel/Condo properties coming on the resale market.
  • Condo project specific- a project with say just boutique Condos at a lower price
  • Time of year, usually Spring market!
  • Any many more economic considerations...
This Month, both Toronto Yorkville Condos For Sale and College Park Condos For Sale were the most popular on our Toronto Condos website; www.TorontoHomeAndCondo.com  

Pictured above: Pier 27 Condos Toronto 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!

 

Sunday, June 29, 2014

Toronto Waterfront Condos Sale/Rent|Toronto Harbourfront


Toronto Harbourfront Condos Sale/Rent
Toronto Waterfront Condos

Toronto Condominiums On The Waterfront
Toronto Waterfront Condominiums

Looking For Toronto Waterfront Condos For Sale or Rent?

Condos for sale on Toronto's waterfront stretch for miles from East of Yonge Street all the way to West of the Humber River, South Etobicoke.

There are now a wide choice of older Toronto Condo buildings that offer Lakeview views to newer Condos that are just coming on to the Toronto Condominium Waterfront market.

A bonus in buying in Toronto's Waterfront neighbourhood is the close proximity to the Financial Centre. That's a short walk or ride on the TTC that services the area.

Search here for Waterfront Condominiums Toronto For 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! 

Friday, June 20, 2014

Toronto Condos Strong Price Growth Sales Mid-June

Toronto Harbourfront Condos For Sale,Rent.
Toronto Harbourfront Condos
Toronto Condos Increase In Sales,Average Price Mid-June

It seems Toronto Condo buyers are continuing to buy and as a result mid-June results recorded by the Toronto Real Estate Board showed a 10.9per cent increase in Condominium MLS sales.

Within the City of Toronto Condos average price increased 5.7 per cent to $397,942 compared to the same time last year.

Toronto detached homes increased 7.5 per cent to an average price of $941.813.

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

Good news! New Toronto MLS listings were up on year-over-year basis for most Home types in the City of Toronto and surrounding areas according to the Toronto Real Estate Board.

Pictured above: Toronto Harbourfront 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, June 12, 2014

Toronto Downtown Condos Average Price Gains May 2014


Toronto Harbourfront Condos Downtown
Toronto Downtown Condos Harbourfront

Toronto Downtown Condominiums Average Price Gain May


Toronto Condos continued to increase both in sales and average price for the month of May.

Downtown Toronto Condos located in the two biggest downtown districts C01, and C08 continued to show strong average price gains for May,2014.

The average Toronto Condominium price increased by $40,733 in the second largest Toronto downtown District, C08, increasing by 9.6 per cent year-over-year.

DistrictAverage Price 2013Average Price 2014DifferencePercentage
C01$431,293$438,121+$6,828+1.6%
C08$425,322$466,055+$40,733+9.6%

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..
This Month, both Toronto Yorkville Condos For Sale and Toronto Harbourfront Condos For Sale were the most popular on our Toronto Condos website; www.TorontoHomeAndCondo.com 

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! 

Friday, May 30, 2014

Average Condo Prices In Toronto Continue To Trend Upward


Toronto Downtown Condos
Toronto Downtown Condos

Average Prices For Toronto Condos Are Still on The Rise In Toronto.

According to the latest results from the Toronto Real Estate Board, Toronto Condos rose in price to $398,823 mid-May, a 5.4 per cent gain from the same time last year.

As Toronto single-detached Homes become more expensive and few and far between, some home buyers are turning to the Toronto Condominium Market to purchase a Home.

Mid-may, the number of Toronto Condos sold increased 12.2 per cent contributing to the number of all Home types sold in the City.

Toronto detached Homes were up 20.2 per cent for an average resale price of $966,867, a 13.0 per cent increase in average price.

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!

Tuesday, May 20, 2014

Toronto Condo Average Selling Price Q1

Greater Toronto Realtors® Report Q1 Toronto Condominium Market Statistics 



Market Wharf Condos Toronto
Market Wharf Condos Toronto

TORONTO, ONTARIO - Toronto Real Estate Board President Dianne Usher announced that "home buyers remained confident in purchasing condominium apartments during the first three months of 2014. This included first-time buyers and seasoned home owners looking to change their housing situation. Despite the condo market segment being well-supplied, strong sales growth translated into a robust increase in the average selling price."

Greater Toronto Area REALTORS® reported 4,454 condominium apartments sold through the TorontoMLS system in Q1 2014 - up nine per cent compared to 4,085 sales reported in Q1 2013. The average selling price for Q1 2014 transactions was up by 5.6 per cent year-over-year to $351,213.

The City of Toronto accounted for 70 per cent of all condo apartment transactions, with 3,121 sales reported. The average selling price in the City was $376,226.

The supply of condo apartments listed for sale also edged up in the first three months of 2014. New listings reported during the quarter were up by 3.1 per cent year-over-year. Active listings at the end of the quarter were up by 1.8 per cent.

"The number of new condominium apartment completions was up substantially in 2014. Because of this, we could see stronger growth in listings in the second half of 2014 as some investors choose to list their units for sale. If this occurs, buyers would benefit from more choice in the marketplace and thus could have more negotiating power with regard to price," said Jason Mercer, TREB's Senior Manager of Market Analysis.

Condominium Apartment Market Summary
First Quarter 2014
2014 2013
Sales Average Price Sales Average Price
Total TREB 4,454 $351,213 4,085 $332,431
Halton Region 120 $304,493 72 $303,757
Peel Region 653 $262,128 634 $259,318
City of Toronto 3,121 $376,226 2,900 $354,977
York Region 437 $353,660 370 $319,131
Durham Region 114 $224,590 102 $223,458
Other Areas 9 $248,727 7 $199,571
Source: Toronto Real Estate Board


Pictured above. Market Wharf Condos Sale/Rent.


View Toronto MLS Condo Listings: Toronto Harbourfront Condos Sale/Rent.

View Toronto MLS Home Listings: Toronto Rosedale Homes For Sale


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 or Toronto Home!



Thursday, May 08, 2014

Toronto Downtown Condos Average Price Continues Gain In April

Toronto Shangri La Condos Sale,Rent
Shangri La Condos University Ave. Toronto

 Toronto Downtown Condos Average Price Gain April

Toronto Condos continue to increase in sales and price for the first full month of Spring.

Condos in downtown Toronto in the two biggest downtown districts C01, and C08 showed positive results for April,2014.

The average Toronto Condominium price increased by $25,893 in the second largest Toronto downtown District, C08, increasing by 6.24 per cent.

DistrictAverage Price 2013Average Price 2014DifferencePercentage
C01$421,313$435,380+$14,067+3.3%
C08$414,956$440,849+$25,893+6.24%

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