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| November 2009 Edition |
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Toronto's New Downtown Commercial Real Estate |
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Toronto's New Downtown Commercial Real Estate |
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| Toronto, the fifth largest Metro area in North America will see three new commercial Real Estate towers completed by the end of this year.It seems the worldwide economic downturn did not affect Toronto Real Estate fundamentals as much as other cities and countries.The three new downtown financial district office towers were planned prior to the recession due to the fact that for 17 years there were no new addresses for modern office space. |
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Toronto Real Estate October Market |
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Toronto Real Estate October Market |
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| Toronto's Real Estate Market was stronger again in October with prices increasing from low-end homes right up to Luxury Toronto Condos. In Toronto and the Greater Toronto Area, the Real Estate market saw a distinct reverse from a year ago. |
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Toronto Real Estate October Sales |
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Toronto Real Estate October Sales |
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| Toronto Real Estate October sales were 8,476, up 64 per cent from a year ago.The average resale price in Toronto was $423,559, an increase of 20 per cent compared to October 2008. |
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Housing Market Turnaround |
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Housing Market Turnaround |
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| Toronto is experiencing both a residential and new home construction turnaround with a supply shortage increasing the demand for both Condos and Homes.Construction of new homes in October were 157,300 on a seasonally adjusted annualized basis, a 5.4 per cent increase from a month earlier according to the Canada Mortgage and Housing Corp. |
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Toronto's New Luxury Hotel-Condominiums Downtown |
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Toronto's New Luxury Hotel-Condominiums Downtown |
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| Three new luxury hotel-condominiums are now under construction in the downtown financial district of Toronto.70-storey Trump International Hotel And Tower $500-million53-storey Ritz Carlton and Residences Of Ritz Carlton $300-million65-storey Living Shangri-La Toronto $430-million... |
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Toronto Condo Market Rebounds |
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Toronto Condo Market Rebounds |
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| Toronto Condos experienced what some call "a miracle" in rebounding from just a year ago.New Real Estate data shows:Luxury home sales edging higherResale homes new recordsNew Condos in the Toronto Market increaseThe average price per square foot for new Toronto Condos was relatively flat at $475 but slid closer to $430 for new projects launched in the third quarter.Lower pricing, low interest rates and a pent-up demand has resulted in a heated Real Estate Market. |
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Toronto Real Estate Strengthens In October |
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Toronto Real Estate Strengthens In October |
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| New Toronto Condos were up 80.3 per cent to 2,064 units sold compared to October 2008 according to the Building Industry and Land Development Association.Total new Condo sales in Toronto and including the GTA were 2,450 units showing an increase... |
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Toronto Real Estate Market Continues To Surprise |
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Toronto Real Estate Market Continues To Surprise |
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| Toronto homebuyers are now over the doom and gloom of just a year ago when we all experienced the world financial crisis and a recession.Toronto Realtors reported a total of 3,666 , an increase of 84 per cent over the same period last year. |
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Real Estate Prices Increasing In Toronto |
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Real Estate Prices Increasing In Toronto |
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| A flagship investment company 100% owned by the government of Dubai is seeking to restructure debt payments on $59 billion (U.S.)The world financial crisis hit the government agency Dubai World, hard with Real Estate prices dropping as much as 50 per cent. |
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Toronto HST Rebate |
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Toronto HST Rebate |
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| The plot thickens on the new pending HST on new Condos and Homes.British Columbia is now proposing to increase the threshold of the BC rebate from homes priced at $400,000 to purchasers of homes up to $525,000.This threshold will provide the highest provincial rebate in Canada. |
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Greater Toronto Resale Home Prices 25 Year Return |
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Greater Toronto Resale Home Prices 25 Year Return |
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| Toronto Real Estate continues to improve from the lows of the last half of 2008. Conversations and Internet forums worry about the risks involved in investing in the stock market and even investing in Real Estate. |
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