How Toronto Condos Outpreform The World Recession

Toronto has continued to show a world class lifestyle that few places, yes not even SW1 in London England, can compete with.

The City of Westminster, Greater London is definitely a great place to visit but would you really want to live there and more important how much more, would it cost?

People considering a move to Toronto can find many, many new Toronto downtown Condos in all price ranges and many central and downtown locations. Living in these downtown Condos provide all that Toronto has to offer.

Downtown is not the only location to live in Toronto, Rosedale offers upscale homes for sale, that are just steps to the heart of Toronto, Yonge and Bloor.

Other demand neighbourhoods include Yorkville Condos that has its unique atmosphere as well.

The Toronto Real Estate market is the biggest in Canada and one of the most popular in North America.

International buyers understand what Toronto has to offer and they continue to invest in a most appealing world class city.

Related:

Toronto Housing Market Charts-May 2010

Toronto Real Estate May Central and Downtown Condo Results

Toronto Harbourfront Condos Proposal

A rezoning proposal for three new Toronto Harbourfront Condos has been submitted to the City of Toronto.

This new proposal has a theme of angles on modernism

Waterlink at Pier 27, pictured below is already under construction. This first phase by Lake Ontario will have Condo towers 14 storeys high.

The new proposal will have one Condo tower 35 storeys high, adjacent to the Harbour Castle Westin Hotel, right beside it.




If you are interested in buying or selling Toronto Harbourfront Condos or other Toronto Real Estate Listings, please fill out my contact form. Let us help you find that great Toronto Condo.

Related:

Toronto Real Estate May Central And Downtown Condo Results

Toronto Home Price Gains Slowing

Toronto Now Ready For The G20 Hassle

Here comes the G20 and over two miles of security fence around several downtown city blocks.

Now over 30,000 residents or office workers will have to go through security checkpoints to come in our out of their Toronto downtown Condos or workplace.

Fearful of violent protester associated with World Summits, many business owners will close shop June 26-27.

Toronto may end up looking like a commercial ghost town in a setting to a summit that will discuss how to avoid another economic collapse.

Financial District Condo listings will see showings slow down to a trickle during the summit or cease all together.

Many Toronto Real Estate agents will avoid the downtown area and reschedule showings for a later date.

Toronto Housing Market Charts-May 2010

The above Toronto Real Estate chart tracks monthly MLS average price with a 12-month moving average to show the direction of the average resale home price.

This Toronto Real Estate chart tracks monthly MLS sales since January 1995.

It does have a 12 month moving average line that exhibits a trend that the Real Estate market is taking.

The above chart shows some of the "noise" that I see on my own charts however its that 12 month moving average that gives it some direction.

Related:

Toronto Real Estate Sales and May Prices

Toronto Condos For Sale

Toronto Homes For Sale

Toronro Real Estate May Central And Downtown Condo Results

The Toronto Real Estate Board reported 9,470 resales in May, down one per cent from May 2009.

Average prices for Toronto Condos in the Central districts of Toronto we follow,(the most sales) continue to record positive gains, from, a year ago May.

Condos in the Central Toronto Real Estate Districts( C14, C15) increased 31.0 and 33.0 per cent in average resale price, from one year ago. The Central Condo districts below, all recorded positive results .

Luxury Toronto Condos in the ( C02) Central district averaged $703,404.

The average price for all Toronto Real Estate May transactions, including the GTA , was $446,593, up by 13 per cent, from the same month, a year ago.

The average price statistics for Toronto Condos in several Toronto Downtown and Central Real Estate districts for May, 2010 were as follows:

District May 2009 May 2010 Change %

C01 326,860, 391,863 +20%
C07 282,270, 315,750 +11%
C08 298,041, 373,114 +25%
C14 281,869, 368,391 +31%
C15 277,078 , 369,378 +33%


Toronto Real Estate prices and sales for all the Toronto districts can be found on the updated TorontoRealEstateHome.com Marketwatch section of our Toronto Real Estate Listings web site that includes new and resale Toronto Condos, Lofts, Town-homes and Homes for sale.

Related:

Toronto Downtown Condos (Search Listings)

Toronto's New Vertical City

Toronto's skyline continues to grow, especially in the downtown area.

New Toronto Luxury Hotel-Condominium Projects are rising to completion, all within walking distance to the financial district and almost all that Toronto has to offer.

The new Thompson Toronto Hotel is the first location outside of the U.S. for the prestigious Thompson chain. Its 102 rooms of artful luxury provide an ideal location for visitors to experience Toronto’s vibrant nightlife and cutting edge cuisine. The rooftop features a bar lounge, swimming pool with private cabanas and stunning views of Toronto’s skyline and lakefront.

The Ritz-Carlton, Toronto will open in fall 2010, standing at 53-stories it will be an architectural icon. It will feature 267 rooms and 159 condominium residences.
Offering world-class dining and classic amenities this five-star hotel will join the club of Toronto’s new elite hotel destinations.

The new luxury boutique hotel, Le Germain Maple Leaf Square opens its doors in August 2010, discerning travellers and sports fans alike will appreciate the modern decor and high-tech amenities each room features. The eight-storey boutique-hotel will have 171 guest rooms, 5,000 square feet of meeting space, 8,000 square feet of fitness facilities and a 2,000-square-foot hotel cafe.

Donald Trump’s first Canadian venture, Trump International Hotel and Tower features luxury at its finest. The 60-storey mixed use building is slated to open in 2011 in the heart of Toronto’s financial district.

The renowned Shangri-La Hotel and Residences is slated to open in 2012, this 65-storey tower features 17 floors of sumptuous hotel rooms decorated in a contemporary classical style with Asian highlights.

In 2010 the Bisha Hotel & Residences will open with 41-stories. A hotel and residence building with its 1920s -inspired interior Bisha will feature a 24-hour cafe, two restaurants and a rooftop swimming pool.

Scheduled to start construction in 2011 and open in 2013, Hotel in the Garden will be located on the grounds of Exhibition Place along with the Direct Energy Centre and the newly-opened Allstream Centre convention and tradeshow facilities. The 320-room, 26-storey hotel will offer guests resort-style amenities and stunning views of neighbouring Lake Ontario and the city skyline.

Together the steadily rising Toronto hotels, condos and office towers culminate to offer a glimpse of Toronto's new vertical city to come.


Related:

Toronto Downtown Condos (Search)

RE/MAX Leading Canadian Real Estate Firm

Canadian RE/MAX Affiliates Top Sales Survey

Canadian RE/MAX Associates’ hard work once again pays off!

RE/MAX placed 130 brokerages on the first-ever REAL Trends Canadian Top 200 survey of the country’s leading firms. That 65 percent showing easily topped the next closest competitor, Royal LePage, which had just 28 brokerages – 14 percent – on the list.

What’s more, RE/MAX Associates in offices represented on the list closed an average of 17.9 transaction sides in 2009 – the report’s highest per-agent production. The overall average was 14.5 transactions, with almost every franchise competitor falling under that mark.

The numbers give the network a clear advantage over competing brands in Canada, establishing RE/MAX Associates as the most productive agents in the industry.

“The numbers are no surprise to us,” says Debra Bain, Co-Broker/Owner of RE/MAX Hallmark Realty, a seven-office brokerage in Toronto. The firm placed among the top five out of 200 brands for both sales volume and transaction sides. “We have incredible agents, many who have built their careers with us.

“This solidifies that RE/MAX in Canada has the most listings, buyers, market share, along with the best agents in the industry. And that comes from recruiting the top talent out there.”

A mix of recruiting, training and old-fashioned hard work helps RE/MAX brokerages consistently outshine its competitors, says Peter Degroot, Broker/Owner of six RE/MAX Twin City offices in the Kitchener, Ontario, area. RE/MAX Twin City placed No. 4 among 200 for closed transaction sides.

“We have created a stable, credible business over the past 30 years, and our agents’ experience and hard work has helped us get through tough times,” Degroot says. “We can use these numbers to show prospects our strength, and as the saying goes, ‘If you can’t beat them, join them.’”

The REAL Trends Canadian 200 research report identifies Canada’s largest residential real estate firms as ranked by closed transaction sides and closed sales volume. The 2010 report looks at full-year 2009. Participation in the survey is voluntary. REAL Trends requires independent verification of all data.

© 2010 RE/MAX, LLC. RE/MAX Affiliates may share this article, provided they do not charge for it and this notice is included. All other rights reserved.

If you are interested in buying or selling Toronto Real Estate, please contact Iris Li, RE/MAX Toronto ,Sales Representative for more information.

Toronto Real Estate May Sales and Prices

Toronto Real Estate figures released for the month of May, continue to show positive results.

The average Toronto resale price increased 2% to $446,593 from April's results, continuing increases for the fourth continuous month.

Here is more information on Toronto Home and Condo prices and sales from the Toronto Real Estate Board.

June 3, 2010 -- Greater Toronto REALTORS® reported 9,470 sales through the Multiple Listing Service® (MLS®) in May, representing a one per cent dip from May 2009. In comparison to previous years, this was the third highest May sales result on record.

“The pace of transactions slowed in May following record-setting sales in February, March and April,” said Toronto Real Estate Board President Tom Lebour. “Buyers who otherwise would have been purchasing a home in May moved more quickly this year, likely to get ahead of mortgage rate hikes.”

New listings were up 38 per cent annually to 18,940. The average price for May transactions was $446,593 – up 13 per cent compared to the average of $395,609 recorded in May 2009.

“The gap between listings and sales has widened, which means there is more choice for buyers,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “The annual rate of price growth will slow in the second half of 2010, from the current double digit pace into the single digits.”

Median Price
In May, the median price was $376,750, from the $337,000 recorded during May of 2009.

Up Goes Toronto Condo Mortgage Payments

Toronto Condo mortgage payments will go up as early as this month as the Bank of Canada becomes the first G7 member to raise interest rates.

We thought it would increase July 1st, however the central bank decided now was the time to increase the prime rate by a quarter of a percentage point.

More than 30 per cent of Canadian homeowners have variable rate mortgages according to the Canadian Association of Mortgage Professionals and these mortgage holders will feel the hike in payments very soon.

The borrowing costs for Canadians rose for the first time in three years signaling the monetary stimulus by the Bank of Canada is over.

Toronto Real Estate has seen smaller month over month price gains in recent months and more and more MLS listings coming on to the the market.

How the interest rate hike and the continuing flow of new Condos in Toronto will play out remains to be seen.

Related:

High Costs Of Home Ownership Rises

Toronto Resale Home Prices Falling

Toronto Real Estate Mid-May Results