Monday, September 26, 2016

Toronto Downtown Condos Continue Sales/Price Increases August

Toronto Harbourfront Condos For Sale
Toronto Harbourfront Condos

What can we say. Toronto downtown Condos continue to reach new heights and higher prices.

Just perhaps Toronto Home buyers have now changed to Toronto Condo buyers as seen in the sales increase of 33.5% in the city of Toronto.

Fortunately, there is an enormous amount of competition in new and resale downtown Condos and a vast choice of locations for live and work Toronto Condominium buyers.

In the city of Toronto there were 1,964 reported Condo sales reported by the Toronto Real Estate Board in August, an increase of 33.5%, with the average price of these Condominiums $446,612, a 9.8% increase year-over-year.

Condos in the Toronto downtown area (C08) increased 21.47% to an average price of $499,860. That is an increase of $88,342 year-over-year folks!

The larger Toronto downtown area (C01) increased 8.93% for an average price of $502,071, up $41,169 year-over-year. 

Pictured above: See the latest listings for Toronto Harbourfront Condos For Sale.


Iris Li, Toronto Condos Realtor specializes in Yorkville Condos For Sale, both new and resale.

Let us help you find that luxury new or resale Toronto Condominium.

Call/Text Iris Today!


Related: 

 Toronto Downtown Condos For Sale August 2016


Thursday, September 08, 2016

Toronto Condos And Toronto Homes Increase In Average Price August

Yorkville Condos For sale Toronto
Yorkville Condos For Sale

Detached Toronto Homes prices in the City of Toronto increased by 18.3% in August, to an average price of $1,206,637.

Toronto MLS active listings were down -37.8% resulting in stronger Home and Condo prices compared to August, 2015.

Toronto Condo sales increased by 33.5% with the average Toronto Condo price reaching $446,612 rising 9.8%, from the same time last year.

The average price for all Toronto Home types including Detached,Semi-Detached,Townhouses and Condos was $710,410, up 17.7% year-over-year.



Toronto Home Types Average Price August 2016:


  • Toronto Detached Homes- $1,206,637 Up 18.3%
  • Toronto Semi-Detached Homes - $774,700, Up 16.4%
  • Toronto Townhouses- $614,638, Up 16.9%
  • Toronto Condos-$446,612, Up 9.8%

Pictured Above: Bay Bloor Condos For Sale

Iris Li, Toronto Condos Realtor specializes in Yorkville Condos For Sale, both new and resale.

Let us help you find that luxury new or resale Toronto Condominium.

Call/Text Iris Today!


Related:

Toronto Downtown Condos Average Price August

Friday, September 02, 2016

Toronto Real Estate Records Second-Biggest Housing Affordability Deterioration In Canada

Toronto Downtown Condos
Toronto Downtown Condos

According to the Royal Bank both Vancouver and Toronto deteriorated in Home affordability in the last six months.

The RBC Real Estate Index of Home ownership costs showed Toronto Home owners spending 60.2 per cent of median pre-tax income to maintain their taxes, mortgage payments and utilities.

Vancouver Home owners recorded the cost of Home ownership at 90.3 per cent of the median family pre-tax income, the biggest six-month drop in affordability since the early 1990's.

Most other Canadian cities recorded a modest decline in Housing affordability during the second quarter at a cost of Home ownership of 42.8 per cent of median family pre-tax income.

Iris Li, a Toronto Condos Realtor specializes in Yorkville Condos for sale.

Call/Text today for a scheduled showing of any of these great Toronto Condos.

Related:

Toronto Posts Record Home Sales In July As Listings Drop

Toronto And Vancouver Real Estate Markets Heading In Different Directions



Tuesday, August 16, 2016

Hot July Housing Market Led By Victoria And Toronto House Prices

Bay Bloor Condos For Sale/Rent Toronto
Bay Bloor Condos For Sale


National Home prices hit a record in July with Homes rising 2 per cent.

The Teranet-National Bank House index report the higher prices pushed overall Home prices up 11 per cent year-over-year.

Month over month increases were 3.8 per cent in Victoria and 3.1 per cent in Toronto and 2.3 per cent in Vancouver.

Average Home prices in Vancouver continued its gains, up 24.3 per cent from July last year.

It appears the lack of listings in the major Real Estate Markets in Canada are contributing to a surge in Home prices.

Iris Li, a Toronto Condos Realtor specializes in Yorkville Condos For Sale.

Call/Text Today for a scheduled showing of any of these great Toronto resale Condos.

Related:

Toronto Posts Record Home Sales In July As Listings Drop

Bay Bloor Condos For Sale



Saturday, August 06, 2016

Toronto Condo/Home Average Price July 2016-Toronto Condos

Yonge Bloor Condos For Sale/Rent Toronto
Yonge Bloor Condos For Sale/Rent Toronto

Detached Toronto Homes prices in the City of Toronto increased by 20.7% in July, to an average price of $1,202,753.

Average Price growth for Toronto MLS listings continued for low-rise Toronto Homes once again due to -31.9% fewer active listings compared to July 2015.


Toronto Condo sales increased by 9.2% with the average price reaching $427,074 rising 8.2%, from the same time last year.

The average price for all Toronto Home types including Detached,Semi-Detached,Townhouses and Condos was $709,825, up 16.6% year-over-year.

Toronto Home Types Average Price July 2016:


  • Toronto Detached Homes- $1,202,753 Up 20.7%
  • Toronto Semi-Detached Homes - $855,881, Up 19.5%
  • Toronto Townhouses- $584,693, Up 9.0%
  • Toronto Condos-$427,074, Up 8.2%


Pictured Above: Bay Bloor Condos For Sale



Iris Li, Toronto Condos Realtor specializes in Yorkville Condos For Sale, both new and resale.

Let us help you find that luxury new or resale Toronto Condominium.


Call/Text Iris Today!


Monday, August 01, 2016

Yonge and Eglinton New Condos To Intensify North Toronto Neighbourhood


Yonge Eglinton Condos For Sale Toronto
Yonge Eglinton Condos For Sale

There are just so many Yonge and Eglinton new Condos under construction at the present time.

The Yonge and Eglinton area is under immense transformation all in anticipation of the new Crosstown LRT scheduled for completion in 2021.

Here are a few of the new Yonge and Eglinton Condo under development:
  • E Condos two towers 58 and 38 storeys
  • 1 Eglinton East 68 storeys at present
  • 2221 Yonge Condos 58 storeys
  • Art Shoppe Condos34 storeys and 12 storeys
  • 155 Redpath Development 38 storeys
  • The Eglinton
  • 55 Eglinton East 47 storey
  • The Madison 36 and 33 storeys
  • Minto30RoePostal Station K
  • Montgomery Square Condos
Iris Li, a Toronto Condos Realtor specializes in Yonge and Eglinton Condos For Sale

Call/Text Today for a scheduled showing of any of these fine Toronto Resale Condos.

 

Thursday, July 28, 2016

Toronto Housing Market Ranked Problematic Overheating,Price Acceleration And Overvaluation

U Condos For Sale/Rent Bay Bloor Toronto
U Condos For Sale Bay Bloor Toronto

The Canadian Mortgage and Housing Corporation (CMHC) is growing more alarmed at Toronto and Vancouver's hottest Housing Markets.

The CMHC's latest Housing report shows strong evidence of overvaluation across all of Canada.

Strong Housing imbalances were also reported in Calgary, Saskatoon and Regina.

CMHC's Housing Market Assessment covers 15 regional markets and the national Housing Market as well.

The benchmark average price for a Vancouver detached Home jumped 38.7 per cent last month according to the Vancouver Real Estate Board.

Iris Li, a Toronto Condos Realtor specializes in Bay and Bloor Condos for sale.

Call/Text Today for a scheduled showing of any of these fine Toronto Condos.


Related:

Toronto And Vancouver Canada's Most Overheated Housing Markets

Why Home And Condo Prices Keep Soaring In Toronto And Vancouver

Wednesday, July 20, 2016

Toronto And Vancouver Canada's Most Overheated Housing Markets

Yonge And Bloor Condos Toronto
Yonge And Bloor Condos Toronto

According to a recent study the nonstop growth of Home and Condo prices in Toronto and Vancouver   continues to outpace incomes in all but the highest paying jobs in these cities.

The latest numbers from the Canadian Real Estate Association showed that residential Real Estate in these two cities yielded greater revenue than a large majority of jobs.

The annual price growth for a Vancouver Home was $193,000 just less than a judges salary.

In Toronto the average price growth for a Home was $103,000 in 2015, just below the incomes of senior government managers and dentists.

Vancouver home owners netted $25 billion in the previous year alone compared to employees $18 billion.

Future results in both Toronto and Vancouver Home prices could be moderated by a lack of wage growth and fewer job gains that could give Home buyers some pause.

Iris Li, a Toronto Condos Realtor specializes in Bay and Bloor Condos for sale.

Call/Text Today for a scheduled showing of any of these fine Toronto Condos.

Related:

Toronto Home And Condo Prices Soar In June