Crystal Blu Condos

Crystal Blu Condos in Toronto (on the left) are now topped out with just the remaining inside work to be completed.

The address for Crystal Blu is 25 Balmuto Street between Yonge and Bay street. This will become a sought after Yorkville address with an excellent location to two main Toronto subway lines.

This Luxury Crystal Blu Condos Tower is 35 storeys high with approximately 138 suites and there is 10 foot ceilings in every suite and from the above picture, a lot of glass for excellent views of neighbouring Yorkville.

Suite features include:

• European inspired Kitchen Cabinetry
• Stainless Steel Appliances
• Choice of Granite or Quartz for Kitchen Countertops
• Engineered Wood Floors
• Wired for High Speed Internet

Amenities at Crystal Blu:

• Indoor Pool
• Gym
• Guest Suites
• 24-hour Concierge
• Parking
• Billiard Room
• Party Room

Price: Originally the Crystal Blu Condominiums price range was $300,000 to over $1-million.

Now ready to move in: Check out Crystal Blu Condos For Sale or Rent.
Visit our Toronto Real Estate website for more information on Toronto MLS listings and Search for Toronto Condos.
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One Bloor

One Bloor at the heart of the Bloor-Yorkville neighbourhood will be a mixed-use Luxury Condominium at one of the most major intersections in Toronto and all of Canada.

The first two storeys of the Condominium podium will have prime retail space along Yonge and Bloor.

Even in One Bloor's initial pre-construction stages the effect on this intersection has been very positive changing the run-down area to a corner of future promise and better for all.

One Bloor Condominiums are rumoured to be 65-storeys with 687 suites including a 2-storey podium with 104,000 square feet of retail space.

Related:

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Toronto Real Estate Attracts A New HST Tax

The Ontario government will be introducing the new Harmonized Sales Tax (HST) effective July 1st this year.

This new HST will combine the Provincial Sales Tax of 8 per cent and the Federal Tax of 5 per cent making a total HST of 13 per cent.

The HST will apply to new homes for now but resale homes will attract the new tax in Real Estate commissions, appraisals, legal fees and more.

In all its guessed that the HST will add about $1,000 extra for the purchase or sale of a resale home.

According to a Toronto based consulting firm the amount of tax revenue that will levied before rebates will be $1.5-billion a year in taxes to one particular housing sector.

Many in the Real Estate industry feel there will be a rush before the deadline of this HST and then a cooling of all sectors afterwards.


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Investing In Toronto Real Estate

Toronto MLS Sales Increase Mid March

Toronto MLS® sales continued their recurring Spring climb with 4,353 resales registered for the first two weeks of March.

This represents a 70 per cent increase over the same time last year when the Toronto Real Estate Market was suffering through the recession at that time in 2009.

The average resale price for a Toronto home was $491,680 compared to $400,454 a year ago.

The Toronto Real Estate Board said "People are buying homes because they are confident in the current economic recovery and mortgage payments on the average priced home remain affordable."

Related:

Toronto Luxury Home Sales

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Toronto Home Buyers Feel Buying a Home is a Good Investment

A large majority of Ontario residents and that includes a lot of Toronto Home Buyers say that buying a home is a good (great) investment. I had to add the "great."

One-third indicate they are likely to buy a home in the next two years.

The annual RBC Home ownership Survey found the following:

• Reasons to buy are good housing prices, interest rates and the upcoming HST.


• Confidence returning to the Real Estate Market.


• Feel housing prices will rise in 2010


• Mortgage holders concerned about interest rate increases


• Majority believe interest rate increases will cause them financial difficulty

The premise that owning your own home and that buying a home is a good investment was the same Nationally and with Ontario residents.

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Toronto Luxury Homes Sales

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Toronto Luxury Homes Sales Increase

The improving economy, lower interest rates and limited MLS listings are lifting the Toronto Luxury home market with positive sales in the better neighbourhoods.

Here are a few of the top preforming Toronto neighbourhoods with sales in excess of $1-million in 2009.

• Number one- Forest Hill, 280 homes sold, average price $1.42 million
• Number two-The Bridle Path, 221 homes sold, average price $2.1 million
• Number three- Oakville (West of Toronto), 174 homes sold, average price $1.67 million

Toronto Realtors saw 7,291 homes change hands on the MLS last month with an average price of $431,509.

According to the Toronto Real Estate Board increases on home sales were noted in both low-rise and high-rise Condo types.

It appears buyers in all segments of the Toronto Real Estate Market are active in the existing homes for sale.

If you are interested in buying or selling Toronto Real Estate, contact Iris Li, your downtown Toronto Remax Realtor.

Related:

Toronto Condos Under Construction

Willowdale Condos|Real Estate

Willowdale Condos and Real Estate are attracting residents in one of fastest growing communities in Toronto.

The Willowdale neighbourhood is changing to a diverse community with Chinese, Korean and Persian being the three most spoken languages.

Situated in North York, several new Condominiums line Yonge Street between Sheppard and Finch. It is estimated 36 new Condo Towers have gone up in the last 10 years.

The fact that buyers can get a lot more for their money in both Condos and homes in the area compared to downtown Toronto has made economical sense for residents.

Current resale Willowdale Condos and Homes for Sale can be found here.

If you are interested in buying or selling Willowdale Real Estate contact Iris Li, your RE/MAX Realtor.

Toronto Realtors Report February Resale Prices

Toronto Realtors® reported 7,291 resales through the MLS® in February representing a 77 per cent increase in sales from the bottom of the Real Estate Market in Toronto over February 2009.

One interesting statistic was that new listings increased in February by 24 per cent compared to February 2009.

Summary of February Sales and Average Price:

• City of Toronto (416) Sales 2,891 Average Price $475,579
• Rest of GTA (905) Sales 4,400 Average price $402,553
• Total Sales 7,291 Average Price $431,509

The Toronto Real Estate Board is expecting resales to continue strong for the first half of the year and then trend down for the last half of 2010 and into early 2011.

The average Toronto home price was up 19 per cent year-over-year showing there is an increased demand for Toronto Real Estate.

Source: Toronto Real Estate Board

Pictured above is Yorkville and you can view some resale Yorkville Condos for Sale, here.

Related:

Toronto Real Estate Average Price Up 19 Per Cent

Vancouver Condo Prices Up 23 Per Cent in February

Vancouver Condos Selling Point:Crosby Slept Here