Vancouver Pre-Sale Condo Lineups Return

Shortly after the overnight lineups for positions to buy new Condos in Toronto on Bloor Street, we have Vancouver investors lining up as well to buy pre-construct Condominiums.

Prime line-up positions at the Mark Yaletown Condos give purchasers first choice on suites being released in phases by the builder and usually these Condo suites increase shortly after the grand opening.

One reason buyers were so interested was the fact they were buying at today's prices and most expect the Vancouver Real Estate Market to increase with the Olympics starting in February.

The City of Vancouver is banking on an Olympic-fuelled Condo boom at the $1.2-billion Athletes Village on southeast False Creek.

It seems the global debt and credit crisis in the middle east is stopping luxury world class projects there but in Toronto and Vancouver hungry investors and homebuyers are back.

This Yaletown Condo will start at a price of $675 per square foot and rise for higher floors.

Completion is scheduled for 2013.

Related Posts:

Bloor Street Condo Confrontation

Toronto Condos On Bloor Street

HST New Toronto Condo Rebate

Ontario has set a threshold of $400,000 in the purchase of a new Toronto Condo or home effective July 1st, 2010 with respect to the new HST tax.

Now British Columbia is proposing to increase that same threshold to $525,000 so that purchasers would pay no more new tax due to harmonization.

This increase will give BC new home buyers the highest provincial rebate in Canada.

The HST is supposed to be harmonized to be cost effective and save money in its collection however we now have three different thresh holds and two different approaches in how the HST is calculated.

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Toronto Home Sales Up Mid Month November

Toronto's New Skyline

Bloor Street Condo Confrontation

Bloor street was again the battle ground for Real Estate Agents vying for positions to buy units in a Condominium Tower marketed at a Bloor and Avenue Road Hotel.

The X2 Condo marketed by a well known Toronto Real Estate sales promoter is actually planned for a Charles and Jarvis Steet location.

The Bloor Street location was planned for pre-sales to invited Toronto Real Estate Agents and a dispute about who was in what line erupted. Some agents were in a line for over 10 days and were promised they would receive priority numbers based on "first in first served".

The lines were again moved Wednesday morning and a confrontation started among the agents.

Two years ago to the day Real Estate Agents confronted each other outside the 80-storey Luxury 1 Bloor Yonge Condo again in a bid to be the first to buy units in that building at the corner of Yonge and Bloor streets.

Related Posts:

1 Bloor East Condo Hotel Project Sold

Whats Happening To 1 Bloor Toronto

Toronto Home Sales Up Mid Month November

Toronto home sales continued to soar mid-November, just like the Trump Tower rising higher and higher.

With consumer confidence growing and low interest rates the results have been most positive in the number of resales and also positive price gains.

TREB reported sales of 3,666 , an increase of 84 per cent from November 2008.

Year-to-date Toronto MLS sales were 78,233 an increase of 11 per cent over the same period last year. The average resale price was $393,180 up by 3 per cent for the Toronto and GTA Real Estate market.

Toronto Condos registered 1,560 resales with an average price of $441,893, an increase of 10 per cent over the first two weeks of November 2008.

Some Economists are forecasting a rate hike in interest rates by 2011 but in the meantime Toronto buyers are using the low interest rates until at least July 2010 to purchase a home.

Related Posts:

Toronto's New Skyline

Toronto Condo Market Rebounds

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.

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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.

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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.

Pictured above are the two new Maple Leaf Square Condo Towers.

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.

Maple Leaf Square Condos for sale or rent now available:

Maple Leaf Square Condos North Tower

Maple Leaf Square Condos South Tower

Other new and resale Toronto Downtown Condos in the area-Financial District Condo Listings

New Toronto Condo listings in the downtown area.

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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 RCMI Condo will be 42-storeys high with a total of 315 suites.

What is unique is there will be no parking the RCMI 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 of this RCMI Condo in Toronto is scheduled for 2013.

When you are ready to buy or sell Toronto Real Estate please contact me.

New: RCMI Condo Assignment For Sale! Contact me for details (Update Sep 8 2011)
Related:

Available Condos In This Area: