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


Thursday, July 14, 2016

Strong Demand Fueling Record Toronto Housing Starts

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

Toronto Housing Starts In Record Territory June 2016


There was a jump in June housing starts as developers rushed to build Condos,Townhouses and single-family detached Homes in very hot Real Estate Market.

Housing starts were up 27% in Toronto with the majority of the new housing starts being Condos.

Spending on housing in both Toronto and Vancouver since 2014 set records in the largest two year rise in housing demand.

Canada Mortgage and Housing Corp. reported housing starts rose to a seasonally adjusted rate of 218,333 in June up from 186,709 in May.

View the latest Yorkville Condos For Sale/Rent.

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

Thursday, July 07, 2016

Yorkville Condos For Sale/Rent Toronto

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


Today, we viewed 96 Condos for sale and rent in the ever popular Toronto Yorkville area and pulled up some average prices.
  • Yorkville Condos For Sale: Average price $1,542,961
  • Yonge Bloor Condos For Lease: Average price $3,286
The  price for these Condos was a high of $13,000,000 and a low of $299,900.

The average lease price was a high of $9,000 and a low of $1,850.

I will try and do the Bay and Bloor area next time for a similar comparison of average prices

View the latest Yorkville Condos For Sale/Rent.

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 Downtown Condos Average Price June 2016



Wednesday, June 29, 2016

One Bloor Condos Near Completion-Yonge Bloor Condos


One Bloor Condos Sale/Rent Toronto
One Bloor Condos


It appears One Bloor East Condos have reached the top.

It will not be long for One Bloor Condo buyers to begin moving in, and we can just imagine the view from the higher floors.

Imagine, living in the centre of Toronto with two Subways to choose from.

Countless restaurants, cafes, bars and shopping await, just steps away from One Bloor Condos.

Iris Li, Toronto Condos Realtor, specializes in Toronto Downtown Condo Listings for sale.

Call/Text Today!
 

Related:

Yonge Bloor Condos For Sale/Rent