Posted by: torontocondo | February 20, 2015

Toronto Detached Home Average Price $1,056,238 Mid-February

Toronto Detached Home Average Prices Continue Increase.

The average price of a Toronto Home increased by 10.3 per cent to $602,110 in the Greater Toronto Area for the month of February 2015.

In the City of Toronto the average price for a single-detached Home was $1,056,238, increasing 10.9 per cent year-over-year.

Active Toronto MLS listings increased 3.5 per cent compared to last year but Home sales increased by 14.9 per cent resulting in more competition for Toronto Home buyers.

The average resale price for Toronto downtown Condos was $373,934, down of 0.1 per cent.

During this month, Bay Bloor Condos For Sale and St Lawrence Market Condos For Sale, continue to be very popular with our downtown Toronto Condominium buyers.

Iris Li, RE/Max Condos Toronto Realtor, specializes in Toronto Yorkville 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 | February 7, 2015

Average Toronto Detached Home Price $948,713 January 2015

Toronto Detached Home Average Prices Continue To Rise.

The average price of a Toronto Home increased by 4.9 per cent to $552,575 in the Greater Toronto Area for the month of January 2015.

In the City of Toronto the average price for a single-detached Home was $948,713, increasing 7.0 per cent year-over-year.

Active Toronto MLS listings were down compared to last year by -2.5%  but sales increased by 6.1 per cent resulting in even more competition for Toronto Home buyers.

The average resale price for Toronto downtown Condos was $382,458, an increase of 4.5 per cent.

During this month, Bay Bloor Condos For Sale and St Lawrence Market Condos For Sale, continue to be very popular with our downtown Toronto Condominium buyers.

Iris Li, RE/Max Condos Toronto Realtor, specializes in Toronto Yorkville 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 | January 26, 2015

Toronto Condos Average Price Rise 5.2% To $361,836

Annual Condo sales in Toronto rose 10.2% in 2014 according to the latest Re/Max Housing Market Outlook Report.

Calgary reported the strongest growth in Condo sales up 21.7 % year-over-year.

Vancouver annual sales also grew by 14.1% with the average Vancouver Condo price up 3.8% to $458,462, the highest price for a Condo in Canada.

Demand for Toronto Condos is predicted to continue into 2015 with more buyers happy to move into downtown Condos offering the Condo lifestyle, close to work and all that major cities like Toronto, Vancouver and Calgary have to offer.

With a much lower average price, than single-family detached Homes, Toronto Condos are expected to continue to show an increase in both sales and average price.

During November, Toronto Yonge And Eglinton Condo Listings and Entertainment District Condos For Sale/Rent 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 | January 10, 2015

Toronto Detached Homes Continue To Show Strength

Toronto Detached Home Average Prices Continue To Rise.

The average price of a Home in Toronto increased by 8.4 per cent to $566,726 in the Greater Toronto Area for the month of December 2014.

In the City of Toronto the average price for a single-detached Home was $934,039, increasing 8.0 per cent year-over-year.

Active Toronto MLS listings were down compared to last year by -10.4%  but sales increased by 9.6 per cent resulting in more competition for Toronto Home buyers.

The average resale price for Homes in Toronto and Area increased 7.0 per cent during the month of December to $556,602.

During this month, Toronto Yonge And Bloor Condos and Toronto Financial District Condo listings continue to be very popular with our downtown Toronto Condominium buyers.

Iris Li, RE/Max Condos Toronto Realtor, specializes in Toronto Yorkville 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 | January 1, 2015

Toronto Home Price Gains Lead Rest Of Canada

The average price of a Toronto Home  is leading most Canadian cities except Vancouver and Calgary this year.

Most regions in Canada posted modest gains in average Home price despite increased inventory. Toronto and Vancouver recorded inventory of single-family Homes remain at record lows but demand continued to climb.

Prices in the Greater Vancouver Real Estate Market are expected to continue to increase by 3 per cent in 2015 and by 4 per cent in the Greater Toronto Real Estate Market in 2015.

Residential Real Estate in Canada should be affected positively by immigration, projected GDP growth and increases in employment across the country according to a recent Re/Max Housing Market Outlook report.

During November, Toronto Yonge And Eglinton Condo Listings and Entertainment District Condos For Sale/Rent 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 26, 2014

Downtown Toronto Condo Market Shows Gains-Toronto Condos

It is great time to be a Condo owner in downtown Toronto.

With new Condos the average price continues to grow, especially in the centre of Toronto.

In November, the average resale Condo price in Toronto’s downtown area (C08) increased by 5.01 per cent year-over-year to $413,419.

Meanwhile the number of new Toronto Condos constructed in 2014 is approaching record levels and more new Toronto Condo developments are already planned for 2015.

During November, Toronto Yonge And Eglinton Condo Listings and Entertainment District Condos For Sale/Rent 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 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!

 

Older Posts »

Categories