Posted by: torontocondo | April 18, 2014

Toronto Condo Developers Launch Record Number Of Projects 2014

Record Number Of New Toronto Condo Projects.

Confident Toronto Condo developers have launched a record number of new Condominium units, more than 2,700 in January and February of 2014.

Seeing a surge in pent-up demand especially in Toronto’s downtown core even more Condo projects are planned.

The 2,721 new Condo units are in eight projects that exceed the record year for Condo sales in January and February of 2011.

Recent fears of a Toronto Condo crash never happened and now Condo sales and investor interest are increasing according to Toronto developers.

The February index price of a new Toronto Condo was $559 per square foot, up from $539 a year ago.

Toronto developers with Condo projects already under construction will try to clear a record 23,327 unsold Condo units.

Breakdown of new Toronto Condos Inventory:

  • Condos under construction-8,824 units
  • Condos unsold-13,212 units
  • Condos already built-1,291 units

Iris Li is a Remax Condos Toronto Realtor specializing in both new and resale Toronto Downtown Condominiums and Toronto Homes for sale.

 

 

Posted by: torontocondo | April 6, 2014

Bidding Wars Sweeping Tight Toronto Home And Condo Markets

Toronto Home buyers continue to face fewer Homes for sale and as a result of bidding wars even higher prices.

Before buyers bid on the many homes for sale in desirable areas of  Toronto, they better have credit, down payment and income to support the last sold price.

Mortgage brokers and appraisers closely watch buyers credit with a pre-approval process.

Problems can arise when a buyer wins a bidding war over the asking price bu the appraised value is short and the buyer has no extra money for the sales amount.

The seller would keep the deposit and move on to the second highest bidder if available and possibly sue the original buyer for the full agreed sales amount.

Iris Li is a Remax Condos Toronto Realtor specializing in both new and resale Toronto Downtown Condominiums and Toronto Homes for sale.

So far this year Toronto single family homes are in great demand and the average resale price shows the interest that Home buyers are finding and bidding on desirable properties.

The Toronto single-family listings for sale are dropping but the average price is increasing as buyers bid on these Homes and Condos as well.

Now with the new mortgage rate reduction, more buyers will be interested in buying before average resale prices continue to rise.

Even the many, new Toronto Condominiums coming on to the Toronto Real Estate Market, the average price also continues to rise from the same time last year.

Toronto Home And Condo Average Price Mid-March:

Toronto Detached Homes average price $902,425 down -0.5%

Toronto Semi-Detached Homes average price $691,279 up 10.6%

Toronto Townhouse average price $479,934 up 7.8%

Toronto Condos average price $399,207 up 8.3%

Iris Li is a Remax Condos Toronto Realtor specializing in both new and resale Toronto Downtown Condominiums and Toronto Homes for sale.

Posted by: torontocondo | March 19, 2014

Toronto Home And Condo Average Price/Sales Mid-March

Toronto Home And Condo Mid-March Sales,Average Price:

The City of Toronto (416 Area) reported 583 Condominiums sold mid-March with an average price of $399,207.

  • Toronto Detached Homes sales down -2.2% and average price down -0.5% to $902,425
  • Toronto Semi-Detached Homes sales down -8.8%, average price $691,279, up 10.6%
  • Toronto Townhomes sales down -7.9%  average price up 7.8 to $479,934
  • Toronto Condos apartments sales down -4.3% average price $399,207, up 8.3%

Toronto Home buyers are facing stiff competition in looking for single-family Homes to buy. The Toronto MLS listings are down but the average Toronto Home price for all Home types continues to increase.

Toronto Condos continue to increase in average price, up 8.3% in the City of Toronto.

In our Toronto Condos Blog we continue to offer you the reader, unique Toronto Condominium pictures and current information on the latest Toronto MLS listings for the Toronto Condo Market.

View the Most Viewed Condo Blog Posts for some interesting Toronto Blogs chosen by our visitors.

Iris Li is a Remax Condos Toronto Realtor specializing in both new and resale  Toronto Downtown Condominiums. and Toronto Homes for sale.

 

Related Toronto Condos Blog Posts:

Toronto Single-Family Home Prices Soar  (buyselltorontorealestate.com)

Toronto Home And Condo Average Price-February  (torontohomeandcondo.com)

Toronto Condos Boost Toronto Real Estate Sales  (torontorealestatehome.com)

Iris Li Remax Toronto Realtor

Iris Li Remax toronto Realtor

Posted by: torontocondo | March 9, 2014

Toronto Home And Condo Average Price,Sales- February

Toronto Home And Condo February Sales,Average Price:

The City of Toronto (416 Area) reported 1031 Condominiums sold during February with an average price of $372,628.

  • Toronto Detached Homes sales down -8.0% and average price up 15.7% to $955,314
  • Toronto Semi-Detached Homes sales down -11.8%, average price $668,298, up 8.0%
  • Toronto Townhomes sales down -8.8%  average price up 20.7% to $545,043
  • Toronto Condos apartments sales up 9.6% average price $372,628, up 6.0%

In our Toronto Condos Blog we continue to offer you the reader, unique Toronto Condominium pictures and current information on the latest Toronto MLS listings for the Toronto Condo Market.

View the Most Viewed Condo Blog Posts for some interesting Toronto Blogs chosen by our visitors.

Iris Li is a Remax Condos Toronto Realtor specializing in both new and resale  Toronto Downtown Condominiums. and Toronto Homes for sale.

 

Related Toronto Condos Blog Posts:

Cinema tower Condos For Sale/Rent Toronto  (buyselltorontorealestate.com)

Toronto Condos Rental Transactions Q4-2014  (torontohomeandcondo.com)

Toronto Condos Sales /Average Price Q4 2014  (torontorealestatehome.com)

Iris Li Remax Toronto Realtor

Iris Li Remax toronto Realtor

Posted by: torontocondo | February 27, 2014

Toronto Real Estate Homes Making Us Richer-StatsCan

Net worth continues to increase for Canadian families according to the recent Survey of Financial Security.

The biggest money-maker is homes even after the overall debt is deducted leaving an average net worth for Canadians of $243,800 in 2012.

Principal residences increased on average 52 per cent from 2005-2012 as home ownership increased as Canadians chose Real Estate over other investments.

The housing market continues to go forward and Real Estate is providing Canadian families positive returns on their homes.

Let us help you in your search for Toronto Homes and Condominiums for sale, we can offer the following Toronto MLS listings for your Home type search:

Contact me today, to schedule showings for any of these Toronto Home and Condo listings, or for a Free Market Analysis or to request any additional Toronto Real Estate information.

Related:

Toronto Homes,Condos Expected To Benefit From High Average Sales Prices

Posted by: torontocondo | February 18, 2014

Luxury Shangri La Condos Toronto Sale/Rent

Shangri La Condos in Toronto are now available for sale or rent at 180 University avenue.

Located in the heart of Toronto, Shangri La is home to many spectacular Condominium Residences with both city and lake views.

Condo residents will enjoy access to all this Five Star Hotel/Condo has to offer including security, restaurants,world-class Spa and Concierge service.

Floor to ceiling windows will offer breathtaking, panoramic views looking out over downtown Toronto.

Search here for  Toronto Shangri la Condos for sale/rent.

Thinking of selling or renting your Toronto Shangri La Condo, then contact me for more information.

If you would like to view other Toronto Financial District Condo Listings in this same downtown area, please call me to schedule showings.

Posted by: torontocondo | February 6, 2014

Toronto Downtown Condos Average Price Up 7.6% January 2014

Toronto Home And Condo January Sales,Average Price:

The City of Toronto (416 Area) reported 767 Condos sold during January with an average price of $366,020 for Toronto Condominium apartments.

  • Toronto Detached Homes sales down -4.3% and average price up 14.8% to $888,210
  • Toronto Semi-Detached Homes sales down -5.0%, average price $622,319, up 6.1%
  • Toronto Townhomes sales up 7.4%  average price up 4.6% to $439,401
  • Toronto Condos apartments sales up 7.4% average price $366,020, up 7.6%

In our Toronto Condos Blog we continue to offer you the reader, unique Toronto Condominium pictures and current information on the latest MLS listings for the Toronto Condo Market.

Take a look at the right side of this Condo Blog to view the Most Viewed Condo Blog Posts for some interesting Toronto Blogs viewed by our readers.

Iris Li is a Remax Condos Toronto Realtor specializing in both new and resale  Toronto Downtown Condominiums. and Toronto Homes for sale.

 

Related Toronto Condos Blog Posts:

Cinema tower Condos For Sale/Rent Toronto  (buyselltorontorealestate.com)

Toronto Condos Rental Transactions Q4-2014  (torontohomeandcondo.com)

Toronto Condos Sales /Average Price Q4 2014  (torontorealestatehome.com)

Iris Li Remax Toronto Realtor

Iris Li Remax toronto Realtor

Posted by: torontocondo | January 24, 2014

Toronto Condos Outlook 2014

More and more Toronto Home buyers will look towards buying Toronto Condos this year as sky-high Toronto Home prices and a major shortage of Toronto low-rise Homes leave them with no alternative.

In 2014 it is estimated that 19,000 Toronto Condominiums will be occupied this year with about 25 per cent to be rented out by investors as demand of Toronto Condo rentals remain high.

Toronto Condo rent increases have averaged 4 per cent over the last few years but in Q4-213, those increases dropped to 3.7 per cent according to Toronto Condo Marketing firms.

New Condos in Toronto registered an average price of $543 per square foot at the end of 2013, up just 1.3 per cent year-over-year.

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

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

Posted by: torontocondo | January 14, 2014

Toronto Home Prices Continue To Climb In Housing Market

The Toronto Real Estate Market finished with strong Home sales and prices in 2013.

Resale  Toronto Home sales increased 2 per cent over 2012 and the average Toronto Home price rose 5.2 per cent on the year.

The average resale Home price across the Greater Toronto Area was $523,936, even resale Toronto Condominiums ended the year up over last year.

Interest rates are always under consideration as any increase would affect the mortgage rates and home buyers ability to buy a Toronto Home in 2014.

The Toronto Real Estate Board is predicting continued Toronto Home price growth as demand for low-rise Homes outstrips supply.

Toronto Condos average price increased in December by 7.6 per cent to $367,378.

Toronto St. Lawrence Market Condo listings and Yonge/Eglinton Condo listings both continue to show strong interest for downtown buyers.

Iris Li is a Remax Condos Toronto Realtor specializing in both new and resaleToronto Downtown Condominiums. and Toronto Homes for sale.

Recent Toronto Condos Blog Posts:

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