King Edward Hotel Condominiums

The King Edward Hotel will soon launch private residences were repeat clients can now check in for 20 or 30 years and enjoy all that the Hotel has to offer.

A piece of Toronto's history can be yours from the low $400,000 choosing from 145 luxury Condos from 500 to 2,000 square feet.

The developers of the Hotel want to create into a one where new residents feel comfortable to work and play.

Similar famous Hotels like the Savoy in London, the Ritz in Paris and the Waldorf-Astoria combine preserving history but inspire the future.

True, the King Edward Hotel now aspires to be even more than just a private
residence, a Hotel or both-its aspires to be a venue where all Torontonians can participate in its restaurants, bars and social gatherings.

Now the King Edward Hotel will add some history to Luxury Toronto Condo-Hotel projects in the downtown area like the Trump Tower, Shangri-La, and the Ritz-Carlton.

With comparable Condominium suites at other big-name Hotel-Condos selling for more than $1million, these Condo suites are a bargain.

If you are interested in new and resale Toronto Financial District Condos, please contact me for more information.

Upward Pressure On Toronto Home Prices

The Toronto Real Estate Market continues to show a strong demand for existing home sales in recent months according to a recent survey by the Royal Bank.

Sellers were attracted by conditions favourable to them and were still out numbered by Toronto home buyers.

Bidding wars and a shorter time on the Toronto Real Estate market were common in late 2009 and the early part of 2010.

Affordability of resale Toronto Homes continued to increase between 0.3 and 0.6 per cent for three of the four housing categories.

Toronto Condos eased by 0.1 per cent, perhaps because of more listings on the Condominium market.

All affordability measures as a percentage of household income, now exceed their long-run averages in the Toronto Real Estate Market.

Related:

Toronto Downtown Condos (Search)

New Toronto Condos Highest Q1 Sales

New Condominium sales in Toronto in the first quarter (Q1) of 2010 were the highest recorded in the history of the Toronto Census Metroplolitan Area (CMA).

Urbanation, a Condominium Market Research company, said the first quarter of 2010 recorded 5,415 new sales.

The average Toronto Condo price per square foot was $443 in Q1-2010.

Almost 4,000 Condo units began construction in Q1-2010, equaling the total number of starts for the previous nine months.

Resale Toronto Condos remained strong with 4,290 resales reported in Q1-2010, almost double the 2,225 resales in Q1-2009.

Condominium builders are about to launch 30 new Condo projects in Toronto and the surrounding area totalling 7,000 units.

Looking for more information on new and resale Toronto Condos, then contact Iris Li, Realtor direct at 416-505-8023 or by e-mail.

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Toronto Downtown Condos (Search)

Harbourfront Condos Toronto

Housing Starts Find Support

New home construction and residential resales across Canada are expected to increase in 2010 due to several conditions.

Pictured above is the exciting Five Condos,Toronto.

Read further:

TORONTO, May 19 (Reuters) - Pent-up demand and stronger economic conditions are expected to support housing starts over the next two years, Canada Mortgage and Housing Corp said on Wednesday in a forecast for new home construction and residential resales.

Saying Canadian housing markets have recovered since low points hit last year, the national housing agency said it expects housing starts of 182,000 units, up from 171,250 units in a previous view. Housing starts are expected to range between 166,900 to 199,600 units in 2010.

CMHC said it sees housing starts next year at 179,600 units, ranging between 148,600 to 208,800 units, compared with a 2011 forecast of 175,150 units last quarter.

There were 149,081 starts in 2009.

CMHC's chief economist Bob Dugan also cited new government measures for the mortgage market, which took effect in April, that will help the long-term stability of Canada's housing market.

The rule changes now require borrowers to have the resources to qualify for a five-year fixed-rate mortgage even if they decide on a lower-cost variable rate mortgage.

The government also lowered maximum amounts that can be withdrawn when borrowers refinance mortgages. A minimum down payment of 20 percent for insured mortgages tied to properties purchased as speculative housing investments not occupied by the owner is also now required.

Canada's housing sector has been surprisingly resilient in the face of a global economic slowdown, partly encouraged by record low interest rates.

Recent housing starts data for April offered further evidence that the housing sector has been a leader in Canada's economic recovery.

But an expected rise in interest rates soon and a healthier supply of homes for sale will eventually dampen activity.

"In late 2009 and early 2010, sales activity included some pent-up demand from early 2009. Once this demand is exhausted, and as mortgage rates gradually rise, the pace of activity in the resale market will ease," the report said.

Dugan said the existing home market is likely to shift to more balanced conditions over the next two years, with sales in the range of 484,000 to 513,300 units in 2010.

It is then expected to ease the following year to be in the range of 443,500 to 504,900 units.

Earlier this week, home resales data showed a slower pace of sales in April while new listings climbed, suggesting Canada's real estate market could soon start to cool after a year of surging activity.

(Reporting by Ka Yan Ng; Editing by Theodore d'Afflisio)

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Toronto Real Estate Mid-May Prices

Toronto Condo Boom

Toronto Home Sales To Moderate

Hot Resale Housing Markets Cool In Canada

April resale housing markets across Canada slipped 2.6 per cent from the previous month according to the Canadian Real Estate Association (Crea).

The seasonally adjusted national home sales now stand at 6.8 per cent below the December 2009 peak.

More than half of the decline in activity over the first four months of 2010 resulted from fewer sales in British Columbia, while activity in Ontario and Quebec remained at or near record levels.

Residential sales activity via the Multiple Listing Service (MLS) was up 20 per cent compared to April 2009.

The national average price of homes sold via the MLS systems rose 12.2 per cent over April 2009. This is a smaller increase compared to those recorded over the past eight months.

Related:

Toronto Real Estate April Sales and Average Prices

Toronto Condos Record Sales

Toronto Downtown Condos

Five Condos Toronto

Five Condos at 5 St. Joseph will rise 45 storeys above an existing heritage building at the intersection of Yonge and St. Joseph Street.

Developed by MOD Developments together with Graywood, this Condominium project was designed by Hariri Pontarini. Interiors are by Cecconi Simone and landscape architecture by Janet Rosenburg.

Graywood is the developer of the Ritz-Carlton, Toronto who hopes to marry the future to the past by tying in components of the existing heritage building with a stunning modern tower.

The location of Five Condos is actually closer to Yonge and Wellesley rather than Yonge and Bloor.

The VIP sales event will start May 18th when floor plans and prices will be made available.

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

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Yonge Condo Approved At St. Joseph Street

Toronto Condo Buyers See Value

Pictured above is the South view from the new One Bedford Condos at Bedford and Bloor Street.

Toronto Condos on Bloor Street continue to be the most desirable location in the city.

Toronto Condo buyers continue to choose Condos for lifestyle reasons:

• Low maintenance


• Downtown living


• Affordability

TD Canada Trust had a recent Condo poll that stated 63 per cent of current owners or those considering to buy would still purchase a Condo, even if they had more money.

Affordability and stable monthly expenses are just some of the reasons Toronto buyers see value in purchasing their Condo wether they are first-time buyers or investors.

Why Buy A Condo?

• Desire to live downtown -14 per cent of Torontonians


• Toronto Condo buyers motivated by lower maintenance fees versus homes-39 per cent


• Affordability in Toronto-19 per cent


• Downsizing from a house-15 per cent

Is a Toronto Condo A Good Investment?

• 38 per cent of Toronto buyers would consider buying for investment only


• Those who feel market conditions have improved for investment dropped 10 per cent


• The number who would buy and then sell a Condo as an asset when prices increase dropped 9 per cent

Toronto Condo Buyers Know What they Want To Pay

• The majority of Condo buyers (82) per cent would spend no more than $400,000 for a two-bedroom Condominium


• 26 per cent of Toronto buyers would pay over $400 a month in Condo fees compared to 17 per cent nationally

Harbourfront Condos in Toronto are always popular, Toronto downtown Condos and Yorkville Condos are all just a few steps from it all.

Related:

Toronto Condo Boom

Toronto Real Estate April Sales And Average price

Sales For New Toronto Condos Set Record

Toronto Real Estate Record April Sales

Toronto Real Estate posted another record April in sales with 10,898 resales on the Toronto MLS.

With home buyers taking advantage of low interest rates and an opportunity to buy prior to the HST starting July 01 the average house price4 increased to $437,600, up 13 per cent from the same period last year.

Toronto Condos April sales and prices increased as well.

Read further:

TORONTO, May 5, 2010 – Greater Toronto REALTORS® reported 10,898 sales through the Multiple Listing Service® (MLS®) in April, representing a 34 per cent increase compared to April 2009. There were also 20,683 new listings in April – a 59 per cent annual increase.

Both the sales and new listings results amounted to new records for the month of April under the current Toronto Real Estate Board (TREB) boundaries.

“The GTA resale market is functioning properly. Sales were high as buyers continued to take advantage of affordable home ownership opportunities. Listings grew as home owners reacted to strong sales and price growth,” said Toronto Real Estate Board President Tom Lebour.

“More balanced market conditions will result in sustainable rates of annual price growth in the second half of 2010.

” The average price for April transactions was $437,600 – up 13 per cent compared to the average of $385,641 recorded in April 2009.

”Home sales continue to be driven by many different segments of the market, with sales growth for all major home types in both the City of Toronto and surrounding 905 regions,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

”Home sales will remain strong in the second half of 2010, but will slip from the current record pace as borrowing costs rise.”

Source: TREB (Toronto Real Estate Board)

Related:

Sales For New Toronto Condos Set Record

Toronto Luxury Home Sales