Women Condo Buyers

According to a recent survey 1 in 3 women who have never been married already own their own home. This first-time buyer segment of the Toronto Real Estate Market has increased from zero to 20 per cent in less than a decade. A Royal Lepage vice president estimates twice as many single women compared to single men are purchasing homes because they are established in their careers and also realize home ownership is a very good investment.

A few of my female clients have looked at condo rentals at first but they discovered that the difference between renting and owning was so small that owning was more affordable and they purchased their unit. The others for various reasons will rent for a year or two and then purchase a unit in the near future.

Perhaps the Toronto Condos sales advertising that target young women is working and various builders like Daniels are finding that these women are as much of the market as a young couple. Low interest rates and a great choice of affordable condos with a lot of amenities and most important, security, has made it much easier for them to buy.

My clients have purchased Condos in the Toronto downtown core and as far North as Lawrence Avenue and Bayview. There is still a good choice of new Condos to choose from and at a very competitive prices.

My Real Estate website has current listings of Downtown Toronto Condos for sale.

Toronto Condo/Home April Sales

The Toronto mid month April condo/ home sales are ahead of last years 2006 transactions. A good sign is that year to date sales are ahead of last years pace as well. According to the Toronto Real Estate president great economic fundamentals and strong activity are moving this market in the right direction.

The Beach (the Beaches?) area (E02) reported sales of all housing types, up 44 per cent compared to mid-April 2006 prices.

Mississauga’s condo boom (W15)  resulted in a sales increase of 41 per cent.

Forest Hill (C03) led by detached home sales,  gained 54 per cent from April, 2006.

Bayview Village (C15) was up 36 per cent in overall transactions from a year ago.

The Toronto Real Estate fundamentals are shaping up for another great year, with purchasers investing in a condo or home, showing steady returns and yet there is still many choices, to a large variety of home buyers.

Current condo/home listings can be viewed on my Toronto Real Estate website.

St. Lawrence Market Condominiums

This area served as an industrial port early in the 1900s for goods in and out of Toronto by boat or rail. With more industry moving outside the city most people did not visit the area until a refurbishment of the St. Lawrence Market in the late 70s. Today the unbeatable Market with its fresh food and a large variety of goods for sale is still the major draw for most of this areas residents living in expensive condominiums and lofts converted from many of the original factories.

View, Mozo, Rezen, and the new Spire Tower are just a few of the St Lawrence area Condominiums. The big draw here is that Bankers, Lawyers and Stock Brokers can easily walk to work from here, and walk there dogs at night.

Close by is the King East’s Design District with shops like EQ3, Harvest House and Montauk.

For dining again within a short walk is the Irish Embassy and Bier Markt for a great choice of beer, C’est for folk music, Foundation Room for a martini, Reservoir Lounge for swing dancing are just a few of the available locations to enjoy.

Other attractions in this area is great music at the Guvernment, the 5 star King Edward Hotel, the Hockey Hall of Fame, St. Lawrence Centre, Canstage and the Hummingbird Centre.

Another great Toronto Condominium area where you can walk to the city core and readily enjoy all that there is to offer (without a car!)

Here a few of the St. Lawrence Market Condominiums on my Toronto Real Estate Listings  website.

Positive Outlook for Toronto Condos

The strength in Canada’s Real Estate markets has resulted in increased  price gains. This has fuelled rising home values and helped boost household wealth in the past few years.

Is it still a good time to buy a Toronto Condo? Yes, the United States-style correction appears unlikely to happen here. The financing of homes in Canada is far above the minimum qualifications that were happening in the U.S. The strong economic housing fundamentals in Canada and especially Ontario are both supportative of home ownership.

Strong Toronto job growth, low interest rates and rising personal income have all helped to shape our current Real Estate Market. The majority of builders are now only beginning construction on new Condo projects after they pre-sell up to 70 percent of the building, which has  help limit the number of vacant condo units on the market.

With these solid economic fundamentals, the Market in Toronto Condos should remain high and affordable to both existing and new prospective condo buyers.

Current Toronto Condos are listed on my Toronto Real Estate website.

Toronto Waterfront Condos

 More and more Toronto waterfront condos are being built close to Lake Ontario and even more new developments are being constructed just back of the lake-shore. Recently I viewed a new Condo with just partial views of the lake, several other condos were blocking the view.

Toronto Harbourfront Condos and Waterfront Condominiums Downtown are becoming very popular as rentals. The location is great, even better in the summer and transportation is excellent.

The best waterfront cities of the world like Stockholm, Sweden and Sydney, Australia have promenades and esplanades to draw people down to the water.

What Toronto needs is a revitalization to study and implement changes to the waterfront from the Beach (Beaches) area, all the way to Mimico.

Perhaps we can emulate Vancouver’s Granville Island and learn how to put together a great world class waterfront that will welcome and encourage everyone down to the lake-shore.

Here are some listings of Toronto Waterfront Condos,some with unobstructed views.

Bloor-Yonge Condo

 

A new $450 million 80-storey condo/hotel tower has been  approved to begin construction at one of Toronto’s most important intersections, Yonge and Bloor.

Situated at the crossroads of Toronto’s two major subway lines and close to Bloor St. shopping and Yorkville entertainment, this condo project should be a great success.

The developer of One Bloor St. East, believes Toronto Real Estate is still undervalued and he is willing to spend his money to prove it.  This project will dramatically change the midtown skyline and define a new icon by height and location.

One Bloor St. E will be 223 metres or 80 storeys high but will be shorter than the 68 Storey Scotia Plaza or the 72 storey First Canadian Place because..residential storeys are about half a metre shorter than commercial buildings.

Plans include branded retail space on three levels, a 120-room hotel and 500 condos. Prices for the condos will be determined later in the year with the square footage ranging from 550 to 1,800 square feet. Completion is estimated for 2011.

Crystal Blu, another Toronto Condo project of this developer, is just a few blocks west of this location and I can say the quality and amenities that were in that model suite were very upscale.

Even this international developer believes Toronto Real Estate prices are undervalued compared to other major cities like New York, Tokyo, Los Angeles and others. One can buy property in Toronto for one-third of the price.

Now is a good time to invest in the Toronto Condo market.

Here is a link to the builders site..One Bloor East

Iris Li
Toronto Real Estate Web Page.

The Residences Of College Park|Luxury Toronto Condos

 

The Residences of College Park Condominiums are comprised of three luxury Condos,the North Tower Condo at 763 Bay St. and the South Tower Condo at 761 Bay St. Aura is the third one to be built.

Both Condos are at a very distinctive Toronto address and most of all, a great Bay and College Street location. The first phase is now registered and resale units are coming on to the Toronto Real Estate Market for sale and for rent.

Check my Toronto Real Estate listings website for further information.

This project The Residences of College Park, is generating a lot of interest.

Here is the builders link: The Residences of College Park

I would be glad to arrange a viewing of these great luxury Toronto College Park Condos.

Contact me by email or call my direct line 416-505-8023

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