The Toronto Real Estate Board reported 8,4766 resales, up a huge 64 per cent from October 2008.

Prices for Toronto Condos in the Central districts of  Toronto we follow, were again showing  positive gains, from, a year ago October.

Condos in the Central Toronto Real Estate Districts( C01, C14 ) increased 15.0 and 16.0 per cent in average price, from one year ago. The Central Condo districts below , all showed positive results .

Luxury Toronto Condos in ( C02 ) Central district averaged $594,814- up 37.1 per cent from September, 2008

The average price for all Toronto Real Estate October transactions, including the GTA , was $423,559- up by 20 per cent, from the same month, a year ago. Year to date re-sales of 77,721  have an average price of $392,264  up  3  per cent. 

The average price statistics of Toronto Condos in several Toronto Downtown and Central Real Estate districts for October, 2009 were as follows:

District	October 2008	October 2009	Change %
C01	346,344	398,788	+15
C07	281,362	319,063	+13
C08	339,100	365,577	+8
C14	292,581	338,703	+16
C15	254,083	285,172	+12

 

 

 

 

 

 

 

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

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Toronto Realtors MLS

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Toronto Realtors use the MLS (Multiple Listing Service) , a central system for Real Estate listings.

The Canadian Real Estate Association owns the rights to member MLS across Canada.

Realtor.ca is an internet site that has uploaded listings that has public data for the consumers benefit.

The private MLS system used by all the Realtors has some differences from the public site.

• Agents-only site has historical data for assessing value of a home
• It provides commission rates
• Names the seller
• Superior search options

The Toronto MLS has 28,000 Realtors promoting homes and marketing them to sell. Most of these Real Estate Agents have their own potential buyers and to list any other way a vendor may miss out on these buyers.

Several other options are available to sell a home through the Internet and For Sale By Owner Sites however the MLS continues to bring successful sold signs to many, many homes.

In order to maintain their status as licensed professionals, Toronto Realtors must abide by a strict code of ethics and meet continuing education requirements.

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Burano Condos

Work continues on Bay Street for the new Burano Condominiums in Toronto.Construction fencing is up and the bottom has been reached by excavation and the lower floors will soon start to make their appearance at street level.

The Burano Condominiums will be 48 storeys with 466 suites,  incorporating some of the original heritage building into this ArchitectsAlliance design.

Occupancy for the Burano Condos is scheduled for Spring, 2011.

Across Bay Street, in the above picture are the popular Murano Condos just completed with residents now in the process of moving in.

Current luxury Condos on Bay Street can be found on our Toronto Real Estate web site that includes the latest Toronto Mls listings.

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Crystal Blu Toronto

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Crystal Blue Condos

Glass walls are starting to cover the sides of the Crystal Blu Condos project in the Bloor-Yorkville area of Toronto. Completion has been scheduled for 2010.

Crystal Blu is 34 storeys and The Uptown, its neighbouring Condominium, will be 48 storeys.

This contemporary designed Condo has approximately 138 suites with the following features:

• European-inspired Kitchens
• Stainless Steel appliances
• Granite or CeasarStone quartz countertops
• 10 Foot ceilings (all suites)
• Wired for high-speed internet

The location at 21 Balmuto St. is one of the cities best with easy access to the Manulife Centre, Holt Renfrew and to both the Bloor and Yonge subways.

If you would like more information on the Crystal Blu Condos or to find out what else is available in the Bloor-Yorkville area, please contact us.

Click here for Luxury Yorkville Condos for sale.

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The Toronto Real Estate Market was up in sales and the average price for the mid October period was up as well. The year over year comparisons are somewhat difficult to compare as the Real estate prices in the fall of 2008 were in a decline.

Year to date re- sales are up 6 per cent to 69,964 compared to 2008 and the average price is up by 2 per cent.

Re-sales in the City of Toronto were up 21 per cent in average price to $455,001 from $375,804 in 2008.

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Toronto High-Rise and Low-Rise Real Estate Markets are moving well.

Overnight lineups and sell outs of various Toronto projects reflect the demand from first time buyers and also move-up buyers.

Confidence plays a big part in this real Estate turnaround with lower interest rates also helping along with more buyers than inventory.

New Bay Street Condos were increasing at $7.000 per week for several weeks in September at a popular Bay Bloor project.

Figures released by the Toronto Real Estate Board for september showed resales moving forward in resale price and sales.

Projecting ahead, the Toronto average resale price is expected to climb this year by 1% to 2% when prior indications were it was to drop substantially.

The City of Toronto saw sales of 3,341 for September 2009, with the average resale price of $437,182 up almost 11 per cent from September 2008.

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The Toronto Real Estate Board reported 8,196 resales, up 28 per cent from September 2008.

Prices for Toronto Condos in the Central districts of  Toronto we follow, were all  showing  positive gains, from September, a year ago.

Condos in the Central Toronto Real Estate Districts( C01, C14 ) increased 10.7 and 9.5 per cent in average price, from one year ago. The Central Condo districts below , all showed positive results .

Luxury Toronto Condos in ( C02 ) Central district averaged $752,806, up 45 per cent from September, 2008

The average price for all Toronto Real Estate September transactions, including the GTA , was $406,877  up by 10 per cent, from the same month, a year ago. Year to date re-sales of 66,437  have an average price of $388,417  up  1.5 per cent. 

The average price statistics of Toronto Condos in several Toronto Downtown and Central Real Estate districts for September, 2009 were as follows:

District	September 2008	September 2009	Change %
C01	339,625	380,308	+10.7
C07	290,333	310,876	+7.1
C08	328,217	347,651	+6.0
C14	297,296	325,481	+9.5
C15	310,199	319,928	+3.1

 

 

 

 

 

 

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

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Toronto Real Estate posted the third straight month with annual sales increases over 27 per cent. Even the average Toronto home price continued in an upward trend, growing 6 per cent from August 2008.

More exciting after such a rough winter, the GTA resale market has improved in both sales and average price for the first eight months of 2009, above the levels during the same period in 2008.

Some of the factors contributing to this Toronto Real Estate turnaround:

• Lower borrowing costs
• Monetary stimulus from The Bank Of Canada
• Trade-up home buyers
• First time buyers
• Pent up demand from buyers waiting on the sidelines
• People more confident in their employment outlook
• More buyers reacting to strong summer Toronto Real Estate Sales figures
• Consumers continuing to view Real Estate in Toronto as a positive long term investment

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Toronto developer Great Gulf Group has acquired the One Bloor East property and plans to build a shorter Luxury Condo Tower than was previously planned by the former developer.

The new developer has confirmed the new high-rise tower will be a mix of high-end retail space and of course… Luxury Condos.

This  Toronto Yonge and Bloor location. is sure to create a buying hype similar to the release of the original project.

The bulldozed lot at one of Toronto’s best known intersection remains empty as final design and pricing is worked out by the new developer.

Originally, back in 2007 these Hi-Rise Condo suites were sold for $400,000 to over millions of dollars.

The Toronto Real Estate market has been gaining strength in sales and average prices since the beginning of 2009 with several Real Estate reporters and financial analysts all increasing the year end numbers upwards.

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A National Real Estate survey by Royal LePage shows that 61 per cent of more than 1,100 Royal LePage Real Estate agents believe the current Real Estate Market is sustainable.

Canada’s resale market saw record sales numbers in July so much so that the Canadian Real Estate Association ( CREA ) revised their housing forecast upwards for the remainder of 2009.

The survey found the following factors contributed to the recent increase in housing records:

• Low interest rates
• Believe the economy is strengthening
• Release of pent up demand
• Not wanting to miss the rally in home prices
• Perception of long term job stability
• Positive media coverage
• Government incentives

Asked why sellers are choosing to sell now:

• Upgrading
• Downsizing
• Relocating
• Realize a return on their investment
• Retiring

Lower interest rates (over 66 per cent of responses) and upgrading ( 33 per cent of sellers motivation ) were the main drivers of this record market.

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