Ritz Carlton Toronto

The Ritz-Carlton, Toronto will be will be a $300-million Hotel and Residential Condominium currently nearing completion at 55 Simcoe Street.

This is just one of five luxury hotel and residential combinations well under construction in downtown Toronto.

The five-star luxury hotel will have 267 rooms and 135 Condominium rooms in a beautiful tower destined to be a Toronto Landmark.

It is truly an International design and with the Ritz-Carlton name will help to attract even more International travellers to Toronto.

The project included a five-storey podium with a glass exterior to interact between the street and the lobby.

The podium will hold two large ballrooms, fine-dining restaurants and conference and meeting facilities to attract more conference and meeting business.

Here are some recent new and resale Toronto Condominium Listings in the Financial District.

Toronto Downtown Real Estate

Pictured above is the Downtown Toronto Central business district. Here we find the headquarters of many of the largest Real Estate and Financial Companies located in Toronto.

Many of the major Canadian Banks dominate the above picture.

The financial district plays a huge part in financing all of the many many Condos and new Office towers going up in the immediate area as well as Luxury Five-Star Hotel-Condominiums all nearing completion.

Search Toronto Financial District Condos For Sale

Search Toronto Condos For Sale

Yonge Condo Approved At St. Joseph Street

A 45-storey Condominium to be built on top of the Historic Rawlinson Cartage Buildings at St. Joseph Street was approved recently by City Council.

The Project will insert a mixed use commercial and residential Condominium tower on top of this Historic Building as delicately as possible.

Some members of the community praised the project for keeping the Yonge Street facades and using setbacks in order to retain the historic nature of Yonge Street.

St Nicholas lane will definitely see some changes with such a high density Condo Tower however there are several other high Condominiums and apartments in the immediate area.

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Canadian Housing Recovery To Continue-RE/MAX

The Canadian Housing Market recovered from the recession of 2008 and started to increase monthly during 2009.

The strength of this Real Estate Market is to continue further in 2010 according to a recent report from RE/MAX, a major Canadian Real Estate company.

RE/MAX has an optimistic outlook for over 23 Canadian Real Estate Markets it follows.

The average price for a Canadian home is expected to be $318,000, up 5 per cent from 2008.

The number of Canadian resales is estimated to be 465,000 homes, a 7 per cent increase from 2008.

The company is estimating the number of Canadian homes sold in 2010 to be 475,000 units, a 2 per cent increase and the average price to increase as well to $325,000, another 2 per cent increase and a record high for Canada.

Average Canadian home prices are listed below:

• St. John's and Labrador-15 per cent increase


• Quebec City-8 per cent


• Regina-7 per cent


• Saint John-6 per cent


• Winnipeg-5 per cent


• Ottawa-5 per cent


• Toronto-5 per cent

Canadian Real Estate continues to defy industry, government and financial analysts predictions and turn 2009 into a strong return of Canadian home-buyers values.

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November Toronto Resale Housing ReportToronto Real Estate

Canadian Home Prices Overheated

Bank of America Merrill Lynch warned that Canada is likely inflating a housing bubble with decades low mortgage rates.

Canada calculates inflation by overemphasising new home sales and ignores the hot resale market in its consumer price calculations.

New-home prices can vary from resales and new home sales are only 20 per cent of overall Canadian home buying.

According to its 2010 Investment Report, Bank of America Merrill Lynch believe that with Canada's monetary policy in overdrive driving the Real Estate Market, an housing bubble could take place.

Telus Tower Toronto

A new Toronto neighbourhood that includes the Residences of Maple Leaf Square Condos and Telus Tower is rising, just south of Union Station.

Telus House is the the new 32-storey corporate headquarters for Telus.

It will be one of the most "Green" office buildings in Toronto with a Leed Gold certification.

It was designed to recycle heat and rainwater, uses Enwave cooling from Lake Ontario and has a Green roof.

The Telus Tower will connect to the popular Path and the many commuters from Go Trains and Subways can now walk to work in any kind of Toronto weather.

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

When you are ready to buy or sell Toronto Real Estate, contact Iris.

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Toronto Real Estate Strong November Sales

Toronto Realtors reported 7,446 sales for November 2009, almost double the home sales reported for November 2008.

Year-to-date sales continued to rise as well with a 14 per cent increase compared to the first 11 months a year ago.

The average price for resales in the Toronto area was $418,460, up 14 per cent from a year ago and the average price year-to-date was up 4 per cent to $394,464.

It should be noted that comparisons continue to be made to the sharp market decline of last winter so it will be well into 2010 when growth rates should moderate.

The price category breakdown showed over 2,071 resales were sold in the most popular price range of $300,001-$400,000 and 237 resales were sold over $1,000,001.

New listing were almost the same as last year at 9,823 but active Toronto area MLS listings were down 49 per cent to 13,827.

The average resale price for a detached home in the Toronto Real Estate central district of (C12) increased by $340,886 a 27 per cent increase over November 2008.

Not to be outdone the average resale price for downtown Condominiums in the Toronto Real District of (C01) increased by 23.5 per cent to $391,937.

Real Estate prices and sales for the many other different Toronto districts can be found under the Market Watch section of our Toronto Real Estate web page.

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Canadian Housing Market Fundamentals

The Canadian housing market recovery that resulted in a recent V shape was based on fundamentals according to the Toronto Dominion Bank.

Sales and average prices at the end of October have recovered from the recent recession with both 5 per cent higher than their 2007 peak.

The economists warn that current market momentum could lead to prices too high however 2010 should see a more balanced market with these higher prices drawing more supply.

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