Posted by: torontocondo | September 16, 2014

Toronto Land Transfer Tax Reduction/Elimination

A recent poll of Toronto residents showed a majority of respondents supported a reduction or even an elimination of the Toronto Land Transfer Tax and they would be likely to vote for candidates in the municipal election that supported this.

This Toronto Home Buying Tax amounts to an average $8,000 for Toronto Home purchasers and many of the retirees and growing families want relief when they move to accommodate their changing lifestyles.

Results of this recent poll May15-May29

  • 51% would vote for candidates who support reducing this tax
  • 58% of Torontonians support reduction of the tax
  • 52% support increasing the rebate amount for first-time buyers
  • 67% of Toronto residents are considering moving outside Toronto for a home in the next two years
  • 56% of first-time Home buyers had to pay some of this tax as the average price of Homes has  increased with inflation

Other studies have found there is a loss of economic activity, a reduction of jobs, a loss of wages and salaries and a loss of resale Home transactions.

Iris Li, a Re/Max Condos Toronto Realtor specializes in both Toronto Downtown Condos and Toronto Luxury Homes for sale.

Call Today to view any of these fine Toronto Real Estate Properties!

 

Posted by: torontocondo | September 10, 2014

Vancouver Luxury Real Estate Market Detached Homes In Demand

Sales volume for Vancouver Luxury Homes sold over $3-million is set to break the record of 691 homes sold in 2011.

In Vancouver home sales of $3-million is the new $1-million as 55 per cent of Vancouver detached homes in the City of Vancouver are assessed at $1-million or more as of July 1, 2013.

Confidence in the Vancouver Real Estate Market continues as expectations were rich immigrants would avoid buying in Vancouver due to the recent scrapping of the Federal Immigration investor program however home transactions selling at $3-million or more are heading towards a new record.

The Real Estate Board of Greater Vancouver said total sales for Vancouver detached homes, Condos and Townhouses climbed to 2,771 in August up 10.2 per cent from the same time last year.

Vancouver continues to see higher transaction prices compared to Toronto, perhaps because there are fewer Luxury detached homes for sale and perhaps more valuable locations and views in beautiful Vancouver.

Iris Li, a Re/Max Condos Toronto Realtor specializes in both Toronto Downtown Condos and Toronto Luxury Homes for sale.

Call Today to view any of these fine Toronto Real Estate Properties!

Posted by: torontocondo | August 9, 2014

July Toronto Real Estate Market Update: Average Home Prices Up

The  Toronto Real Estate market posted stronger Home sales in the month of July, up 10 per cent year-over-year to 9,198 sales, the second best July results on record.

The Toronto Real Estate Board reported the second half of 2014 is starting off strong with demand for all types of Toronto Homes that are still affordable to many.

The average selling price for all types of Toronto Homes is $550,700, an increase of 7.5 per cent from July 2013.

Toronto Detached Homes were up by 11 per cent to an average price of $880,433 in the City of Toronto.

Toronto Condos that were well supplied gained 4.7 per cent climbing to an average price of $372,002.

The Toronto Real Estate Board is expecting “strong demand for ownership Housing” and strong average price increases for the remainder of 2014

Toronto Detached Homes and Toronto Townhouses showed the strongest rate of  average price growth in July.

Iris Li, a Re/Max Condos Toronto Realtor specializes in both Toronto Downtown Condos and Toronto Luxury Homes for sale.

Call Today to view any of these fine Toronto Real Estate Properties!

 

Posted by: torontocondo | July 24, 2014

Toronto Home And Condo Sales Surge Defying Summer Slowdown

Toronto Condos have seen a surge in buying activity this Spring as first-time buyers show their strength as sales jump 15.4 per cent.

The average price for a Toronto detached Home was $865,635, up by 8.8 per cent on a year-over basis and the average Toronto Condo price was $396,078 during the same time, mid-July.

That huge price difference is making many Home buyers consider Condos in Toronto as an alternative life-style.

Even the average price for a Toronto Townhouse was $498,907, up 12.3 per cent. That is almost $100,000 more than the average Toronto Condo!

Toronto semi-detached Homes and Toronto Townhouses showed the strongest rate of  average price growth mid-July.

Iris Li, a Re/Max Condos Toronto Realtor specializes in both Toronto Downtown Condos and Toronto Luxury Homes for sale.

Call Today to view any of these fine Toronto Real Estate Properties!

Posted by: torontocondo | July 15, 2014

Toronto Luxury Home Sales Increasing First Half 2014

Sales of Toronto Luxury Homes were up 34 per cent in the first half of 2014 according to a recent Real Estate report.

Homes that cost at least $1 million are booming in Canada’s four largest cities, Toronto, Vancouver, Calgary and Montreal.

In the first half of 2014 Luxury Home sales in the million-dollar-plus category increased more than 30 per cent in Toronto and Vancouver compared to the same time last year.

Many of these same Luxury Homes sold above the listed price showing the demand for these Homes.

The most expensive Luxury Home sold in Canada was in Vancouver listed at $15 million.

Increased consumer confidence, low mortgage lending rates and strong economic results are expected to increase all Real Estate Markets towards the end of 2014.

Toronto Home And Condo Average Price Mid-June:

Toronto Detached Homes average price $941,813 Up 7.5%

Toronto Semi-Detached Homes average price $702,782 Up 10.3%

Toronto Townhouse average price $485,394 up 7.2%

Toronto Condos average price $397,942  Up 5.7%

Iris Li, a Re/Max Condos Toronto Realtor specializes in both Toronto Downtown Condos and Toronto Luxury Homes for sale.

 

Posted by: torontocondo | June 29, 2014

Clear Spirit Condos For Sale/Rent Toronto Distillery District

Clear Spirit Condominiums

Clear Spirit Condominiums

 

Clear Spirit Condos in the historic Toronto Distillery District are part of a new neighbourhood just East of downtown Toronto.

This modern designed 40 storey Condo Tower has 347 units with a wide choice of Condominium sizes to choose from.

The Clear Spirit Condominiums offer:

  • Concierge 24-Hours
  • Movie Screen Room
  • Outdoor Pool
  • Movie Screen room
  • Board Meeting Room
  • Guest Suites
  • Outdoor Jacuzzi
  • Fitness/Workout Centre
  • Games Room
  • Outdoor Terrace

Search here for the latest listings for Clear Spirit Condos For Sale/Rent

Thinking of renting or selling your Clear Spirit Condo, then contact me for more listings information.

View other St Lawrence Market and Area Condos and contact Iris Li for any scheduled showing.

Iris Li, a Re/Max Condos Toronto Realtor specializes in both Toronto Downtown Condos and Toronto Luxury Homes for sale.

Call today!

Posted by: torontocondo | June 23, 2014

Toronto Condo Average Prices Mid-June 2014

Toronto Condo and Toronto Home Prices Increase Mid- June 2014.

Toronto single family homes continue to be in great demand and the average resale price shows the interest that Home buyers are finding and bidding on desirable Toronto properties.

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

The average selling price for all Toronto Home types was $582,100, up 8.6 per cent year-over-year.

Toronto Condominium sales increased by 10.9 per cent with the average Toronto Condo average price increasing by 5.7 per cent to $397,942.

Toronto Home And Condo Average Price Mid-June:

Toronto Detached Homes average price $941,813 Up 7.5%

Toronto Semi-Detached Homes average price $702,782 Up 10.3%

Toronto Townhouse average price $485,394 up 7.2%

Toronto Condos average price $397,942  Up 5.7%

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

 

Toronto Waterfront Condos For Sale Along The Toronto Waterfront.

Toronto’s Waterfront grew in popularity as Condominiums began to appear on the Waterfront.

One of the biggest attractions? Buyers can walk to the Toronto downtown core!

Can you imagine living and working within walking distance, No More Commute!

Smart Toronto Waterfront buyers and renters but now we have so many newer Condos. That’s not to say the view over the Water on the Harbourfront is always interesting and beautiful especially at sunrise and sunset!

Toronto Islands are just a short ferry-boat ride away, the Toronto Harbourfront summer schedule is steps away as well.

You can even fly to several destinations right out of the Toronto Island Airport!

The Toronto Waterfront rocks and you as a Toronto Waterfront Condo buyer are right in the middle of all the exciting downtown action!

Toronto Harbourfront Condos. It’s where you want to be living on the Waterfront!

View the latest,listings for Toronto Harbourfront Condos For Sale/Rent.

We continue to communicate to our readers the latest facts and figures available through our Toronto Condos Blog as well as the latest updated Toronto MLS listings available.

Iris Li, a Re/Max Condos Toronto Realtor specializes in both Toronto Downtown Condos and Toronto Luxury Homes for sale.

Posted by: torontocondo | June 5, 2014

Toronto Home And Condo May Sales,Average Resale Price

The City of Toronto (416 Area) reported the sale of 1,006 Condominiums sold during May with an average resale price of $460,931.

Toronto downtown Condos in the (C08 Area) increased by $40,733 year-over-year resulting in a 9.6 per cent increase.

  • Toronto Detached Homes sales up 7.4% and average price up 9.2% to $943,055
  • Toronto Semi-Detached sales up 10.8%, average price up 7.9% to $684,980
  • Toronto TownHomes sales up 18.8%, average price up 10.1% to $503,737
  • Toronto Condos sales up5.4%, average resale price up 7.6% to $401,809
  • All sales/prices above in the City of Toronto (416 Area)

We continue to communicate to our readers the latest facts and figures available through our Toronto Condos Blog as well as the latest updated Toronto MLS listings available.

Iris Li, a Re/Max Condos Toronto Realtor specializes in both Toronto Downtown Condos and Toronto Luxury Homes for sale.

 

Posted by: torontocondo | May 31, 2014

Toronto Detached Homes Becoming More Unaffordable

Single-detached Homes in Toronto are fast becoming unaffordable to buyers sending them to plan “B”, Toronto Condos.

Strong average price increases for Toronto single-detached Homes is increasing the amount of household income buyers have to spend.

Toronto Condos on the other hand are much less, even though they are also much smaller they still offer buyers good locations and good amenities not found in the average Toronto Home.

The average price for a Toronto detached Home in the City of Toronto was $966,867 for the Mid-May period.

The average price of a Toronto Condo was $398,823 for the same period.

View Toronto MLS Condo listings:

Bay College Condos Sale,Rent

Bay Bloor Condos Sale,Rent

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

 

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