Posted by: torontocondo | October 30, 2014

Toronto Housing Market Leads Canada Third Quarter-LePage

Toronto Home sales and average Home prices led the nation in the 3rd quarter according to a recent survey.

The average price of a Toronto Detached Home increased by 7.2 per cent helping to lead the country statistics according to Royal LePage.

Low levels of Home inventory of all Toronto Home types resulted in significant average price increases.

Toronto Home Increases Third Quarter:

  • Detached two-storey Homes $733,317, up 7.6%
  • Detached bungalows $618,088, up 7.2%
  • Toronto Condos $383,039, up 8.0%

Royal LePage’s House Price Survey shows the annual change of average Home prices in select National Markets.

Search here for Distillery District Condos For sale/rent.

Iris Li, RE/Max Condos Toronto Realtor, specializes in Toronto Harbourfront Condos For Sale/Rent, both new and resale.

Let us help you find that new luxury Toronto Condominium,or Toronto dream Home.

Call Iris Today!

Posted by: torontocondo | October 23, 2014

Distillery District Condos For Sale Toronto

Gooderham Condos Toronto Distillery District

Gooderham Condos Toronto Distillery District

Welcome to the most updated list of Distillery District Condos for sale/rent in Toronto.

View many Distillery District Condominiums for sale in several Condo towers surrounding the World Famous Distillery District.

The Distillery District is located minutes from Toronto’s Financial core and many commute by walking or taking a short TTC ride.

Restaurants, Bars, Cafes and Entertainment are just a few of the ongoing activities that one can visit in the pedestrian-only Historic Distillery District  location.

Search here for Distillery District Condos For sale/rent.

Iris Li, RE/Max Condos Toronto Realtor, specializes in Toronto Harbourfront Condos For Sale/Rent, both new and resale.

Let us help you find that new luxury Toronto Condominium,or Toronto dream Home.

Call Iris Today!

Toronto Detached Home Average Prices Continue To Rise.

The average price of a Home in Toronto increased by 7.7 per cent to $573,676 in the Greater Toronto Area for the month of September 2014.

In the city of Toronto the average price for a single-detached Home was $951,792, up 11.5 per cent from a the same time last year.

Active Toronto MLS listings were down compared to last year by 5.1%  but sales increased resulting in even more competition for Toronto Home buyers.

The average resale price for Homes in Toronto and Area increased 7.7 per cent during the month of September to $573,676.

During this August, Toronto Bay Bloor Condos and Toronto Bay College Condo listings continue to be very popular with our downtown Toronto Condominium buyers.

Iris Li, RE/Max Condos Toronto Realtor, specializes in Toronto Harbourfront Condos For Sale/Rent, both new and resale.

Let us help you find that new luxury Toronto Condominium,or Toronto dream Home.

Call Iris Today!

Posted by: torontocondo | September 26, 2014

Toronto Detached Homes Average Price Increases In August

The average price for a detached Home in Toronto increased to $902,428, an increase of 14.7 per cent year-over-year.

It appears the hot Toronto Real Estate Market is continuing into the Fall with stories of Toronto Homes selling over asking prices as a result of bidding wars right across the city.

With the number of Toronto MLS Home listings down this August and the  number of Home sales increasing the Toronto Real Estate Market remains in a seller’s Market.

According to the Toronto Real Estate Board  Home sales growth is expected to continue  to outpace Home listing growth that will increase year-over-year prices going forward.

Average Home prices in the Greater Toronto Area increased by 8.5 per cent in the first eight months of 2014 to $562,504.

Sales growth in all segments of the Toronto area also increased year over year showing all lot of Home buyers are actively in the Market for a Home.

Iris Li, Remax Condos Toronto Realtor specializes in  Toronto Forest Hill Homes For Sale and Toronto Harbourfront Condo Listings.

Let us help you find that new Luxury new or resale Toronto Condominium or Toronto Luxury Detached Home!

Call/Text Today!
416-505-8023

Posted by: torontocondo | September 17, 2014

The Average Price Of A Toronto Home Continues To Rise

Toronto Home and Condo Average Prices Continue To Rise.

The average price of a Home in Toronto increased by 8/9 per cent to $546,303 in the Greater Toronto Area for August.

In the city of Toronto the average price for a single-detached Home was $902,428, up 14.7 per cent from a the same time last year.

This August the number of Toronto MLS listings were down compared to last year but sales increased resulting in more competition for Toronto Home buyers.

The average resale price for Homes in Toronto and Area increased 8.3 per cent in the first eight months of this year to $562,504.

During this August, Toronto Bay Bloor Condos and Toronto Bay College Condo listings continue to be very popular with our downtown Toronto Condominium buyers.

Iris Li, RE/Max Condos Toronto Realtor, specializes in Toronto Harbourfront Condos For Sale/Rent, both new and resale.

Let us help you find that new luxury Toronto Condominium,or Toronto dream Home.

Call Iris Today!

 

Posted by: torontocondo | September 11, 2014

Toronto Condos Overbuilding Risk To Housing Market

If investors suddenly sold this Toronto Condos investments now estimated to be 10 per cent overvalued, a potential impact of oversupply and lower prices could affect all Toronto Real Estate, homes included.

A lack of  Condo data showing the number of foreign investors in the Toronto Condo Market is also having analysts worry about the downsize risk of lower prices if these Condo investors  suddenly decide to sell at a loss.

The Toronto-Dominion Bank is worried about the Toronto Condo Markets oversupply and how this could affect the rest of the Toronto Real Estate Market when home prices are forced down.

Iris Li, RE/Max Condos Toronto Realtor, specializes in Toronto Harbourfront Condos For Sale/Rent, both new and resale.

Let us help you find that new luxury Toronto Condominium, or Toronto dream Home.

Posted by: torontocondo | August 9, 2014

Investors Own 17% of Toronto,Vancouver Condos-CMHC

A recent CMHC survey reveals 17% of Condos in Toronto and Vancouver are investor owned.

This survey stated 58% on these investors plan on keeping their Condos more than 5 years with 18% planning on holding these units 2-5 years and 7.6% plan on keeping their Condos less than two years.

CMHC also found that 12% of Condo investors planned on reselling their unit for profit within 1 year of purchase.

Over 42% of Condo investors had no mortgage on their last purchased Condominium.

The survey also found that 82.9% of Toronto and Vancouver Condo buyers were homeowners.

Iris Li, RE/Max Condos Toronto Realtor, specializes in Toronto Harbourfront Condos For Sale/Rent, both new and resale.

Let us help you find that new luxury Toronto Condominium, or Toronto dream Home.

Call Iris Today!

Posted by: torontocondo | July 26, 2014

Toronto Condominium Sales Jump In Second Quarter On Rentals

New Toronto Condo Sales took a huge jump partly due to rental demand.

A huge demand for rentals absorbed a huge supply of new projects satisfying both Toronto renters and  Condo investors.

Condo sales rose 10 per cent to 6,553 in the three months ending in June from the same time last year.

The average Toronto Condo price was $367,010, up 5.5 per cent in the first quarter.

According to the Toronto Real Estate Board about a quarter of new Condos are purchased by investors who rent out their units to residents in Toronto where the supply of rental apartments are limited.

Last year there were 58,659 Condos under construction with about 19,000 scheduled for completion in 2014.

The Toronto Condo market consists of young professionals, baby boomers and families who find Condominiums a more affordable option to housing in Toronto.

Iris Li, RE/Max Condos Toronto Realtor, specializes in Toronto Harbourfront Condos For Sale/Rent, both new and resale.

Let us help you find that new luxury Toronto Condominium,or Toronto dream Home.

Call Iris Today!

Posted by: torontocondo | July 15, 2014

Canadian’s Predicting Higher Home Prices Next Six Months

A recent survey shows Canadians are very optimistic about Real Estate in the next six months.

Over 47 per cent of Canadians are brushing off forecasts (they are everywhere) of a slowdown or bubble in a Real Estate Market that has been deemed “unsustainable”.

This has been the highest level of optimism since the survey began in 2008.

Toronto Real Estate sales were up 15.4 per cent year-over-year in June showing Toronto Home Buyers are still very interested in Homes and Condos.

Low rise Toronto Homes are still very popular and in the month of June all Home types(even Toronto Condos) increased in average price.

Iris Li, RE/Max Condos Toronto Realtor, specializes in Toronto Harbourfront Condos For Sale/Rent, both new and resale.

Let us help you find that new luxury Toronto Condominium,or Toronto dream Home.

Call Iris Today!

E Condos Toronto

E Condos Yonge Eglinton

Toronto Homes are becoming more expensive in the first half of 2014 due to lack of supply and more buyers than Home listings.

According to a recent report from the Royal Bank the cost of owning a two-storey Toronto House amounts to 65 per cent of household pretax income for the average Toronto family.

Toronto Condos on the other hand require just 34.2 per cent of pre-tax income, a much more affordable option.

The average price of a new Toronto Condominium is now $437,663 according to a leading Condo marketing firm.

In May the average price of a resale Toronto Condo in the C08 area was $425,322, very close to the average price of a new Condo.

The average Toronto Condominium price for all GTA Condos in May increased by 6.4% to $373,509.

Again,Toronto Bay Bloor Condos and Toronto Bay College Condo listings continue to be very popular with our downtown Toronto Condominium buyers.

Iris Li, RE/Max Condos Toronto Realtor, specializes in Toronto Harbourfront Condos For Sale/Rent, both new and resale.

Let us help you find that new luxury Toronto Condominium,or Toronto dream Home.

Call Iris Today!

 

 

 

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