Posted by: torontocondo | December 18, 2014

Foreign Condo Owners And Global Investors Absent In Toronto

According to a recent survey from the Canadian Mortgage and Housing Corp. there is little risk of a Housing market crash triggered by foreign investors.

A new survey of Condo property managers showed global investors owned 2.4 per cent of Toronto Condos and 2.3 per cent of Vancouver Condos with a lower percentage in all other cities in Canada that were surveyed.

International Condo buyers focused further on Toronto, Vancouver and Montreal downtown Condos.

  • Toronto Downtown Condos foreign ownership:4.3%
  • Montreal Downtown Condos foreign ownership:6.9%
  • Vancouver Downtown Condos foreign ownership:5.8%

The Bank of Canada said recently that Housing values in Canada were overvalued by as much as 30 per cent, thus representing a risk to Canada;s financial system, however this foreign investor report can put to rest many if not all the concerns that the risk of foreign investors selling at the same time is not here.

During December, Toronto Financial District Condo Listings and Yonge Eglinton Condos For Sale/Rent Condo listings continued to be most 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 Li Today!

 

Posted by: torontocondo | December 12, 2014

Toronto Real Estate November Average Home Price/Sales 2014

Toronto Real Estate Market Home Sales/Prices For November 2014

The Toronto Real Estate Board announced Toronto Home sales were up 2.6 per cent in November compared to the same time last year.

Active Toronto MLS listings were down compared to last year putting upward pressure on average Home prices.

The average price for all Toronto and Area Home types was $577,936, rising 7.4 per cent.

Summary of Toronto MLS Sales and Average Price November 1 – 30
2014 2013
Sales Average Price New Listings Sales Average Price New Listings
City of Toronto (“416″) 2,661 $616,130 3,823 2,518 $590,267 3,826
Rest of GTA (“905″) 3,858 $551,592 4,966 3,836 $504,266 5,455
GTA 6,519 $577,936 8,789 6,354 $538,347 9,281

 

Toronto MLS Sales & Average Price By Home Type November 1 – 30, 2014
Sales Average Price
416 905 Total 416 905 Total
Detached 904 2,164 3,068 935,122 672,825 750,112
Yr./Yr. % Change -0.3% -0.8% -0.6% 9.4% 10.6% 10.2%
Semi-Detached 261 389 650 667,178 449,429 536,864
Yr./Yr. % Change -2.2% -6.3% -4.7% 4.2% 7.1% 6.1%
Townhouse 271 740 1,011 503,349 410,897 435,679
Yr./Yr. % Change 9.3% 4.5% 5.8% 6.3% 8.6% 8.1%
Condo Apartment 1,199 468 1,667 394,225 310,220 370,641
Yr./Yr. % Change 11.2% 8.1% 10.3% 2.0% 11.8% 4.3%

Toronto Condos

During November, Toronto Financial District Condo Listings and Yonge Eglinton Condos For Sale/Rent Condo listings continued to be most 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 Li Today!

Posted by: torontocondo | December 5, 2014

Toronto Detached Home Average Price Increases In November

Toronto Detached Home Average Prices Continue To Rise.

The average price of a Home in Toronto increased by 7.4 per cent to $577,936 in the Greater Toronto Area for the month of November 2014.

In Toronto the average price for a single-detached Home was $935,122, increasing 9.4 per cent from a the same time last year.

Active Toronto MLS listings were down compared to last year by -8.5%  but Toronto Home and Condo sales increased, resulting in even more competition for Toronto Home buyers.

During November, Toronto Financial District Condo Listings and Yonge Eglinton Condos For Sale/Rent Condo listings continued to be most 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 Li Today!

Posted by: torontocondo | November 21, 2014

Toronto Condos Account For 53.9% Of New Housing Construction 2013

Canadian Housing starts in 2013 were well represented by Condos under construction accounting for more than one-third of all Canadian Housing starts.

Vancouver Condos accounted for 62.6% of all Housing starts there, Montreal Condos accounted for 56.3% and Toronto Condos accounted for 53.9%.

The Canadian Mortgage and Housing Corp. said Condos in 1990 accounted for 20% of Canadian Housing starts but now in 2013, they account for 33% of Housing starts,

Lower priced Condominium in Urban centres like Toronto, Vancouver and Montreal are much more affordable than single-family dwellings like Detached Homes, Semi-Detached Homes and Town-homes resulting in higher numbers of new construction.

The Canadian Housing Observer report showed Canadian Home prices remained higher than those in the United States.

During this November, 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 | November 7, 2014

Toronto Detached Home Average Price Increases In October

The average price for a detached Home in Toronto during the month of October increased to $951,746, an increase of 8.7per cent year-over-year.

The Fall Toronto Real Estate Market is continuing strong, with stories of Toronto Homes selling over asking prices as a result of bidding wars right across the city, due to the lack of listings.

According to the Toronto Real Estate Board increased year-over-year average prices will continue to the end of the year.

Average Home prices in the Greater Toronto Area increased by 8.9 per cent in the first ten  months of 2014 to $587,505.

Sales growth in all segments of the Toronto area increased year over year.

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 | 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.

View Distillery District Condominiums For Sale/Rent:

The Pure Spirit Condos at The Distillery District

The Clear Spirit Condos at The Distillery District

The Gooderham Condos at The Distillery District

Search here for Distillery District Condos For sale/rent.

Thinking of renting or selling your Distillery District Condo, then contact me for the latest information.

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!

 

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