Monthly Archives: November 2015

Month: November 2015 Downtown Toronto Financial District townhouse-like unit sells after relisting

  7 King St. E., No. 8, Toronto ASKING PRICE   $699,000 SELLING PRICE  $680,000 TAXES $4,440 (2014) DAYS ON THE MARKET  1 The Action: Next to the King Edward Hotel in the Financial District, this two-storey suite at the Metropole couldn’t find a buyer willing to meet an asking price in the mid-$700,000s. A second sales attempt this fall fared better once another agent had it professionally staged, widely promoted and priced under $700,000. Two open houses and nearly a dozen showings yielded a buyer who signed off at $680,000. What They Got: In the 1990s, an office tower was converted into

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Month: November 2015 Midtown Toronto Condo Sold With Spectacular Views

  83 Redpath Ave., No. 1905, Toronto ASKING PRICE  $439,000 SELLING PRICE  $430,000 PREVIOUS SELLING PRICE $366,758 (2011) TAXES $2,535 (2015) DAYS ON THE MARKET  31 The Action: Several suites at 83 Redpath came up for sale late this summer, including this one-bedroom-plus-den unit that attracted two dozen showings and scored an offer after a month on the market. What They Got: On the south-side of a four-year-old high-rise midtown, this 615-square-foot suite has a modern design with an open den, living and dining area with nine-foot ceilings, wood floors and a wide balcony with a second entrance from the

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Month: November 2015 522 St Clair Ave W, Toronto – SOLD – New Condo Investment Opportunity

  You Are Invited To A VIP Condo Event For: The Investor Suites at Forest Hill ONE NIGHT ONLY Own For $10,399* Incredible Deposit Match Program* Investors: Earn 18.7% Return Per Year* Suites Starting From The 300’s 7 PM Wednesday November 25th 2015 To RSVP, please complete “Contact Max” form below and send email with your name and cell phone number and please mention ” VIP Condo Event For The Investor Suites at Forest Hill on November 25th” or contact Max Seal, Broker at 647-294-1177 directly. Prior “Investment Presentation” can be arranged in our “Presentation Office”. I look forward to

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Month: November 2015 Bloor Yorkville home to highest land values in the GTA for condo construction in 2015 MCAP

Land for high-rise condo development in Toronto is priciest in Bloor Yorkville with a market value of $135 to $145 per square foot. According to MCAP’s spring market report for residential land values in the GTA, the mink mile is even costlier than the Downtown Core, where land is valued at $110 to $115 per square foot (values are based on gross buildable square foot) Both sub-markets saw an increase from last year. In spring 2014, Yorkville was valued at $125 to $135 per square foot and Downtown Toronto was valued at $100 to $105. Land in the North Toronto

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Month: November 2015 MCAP reveals important info on lot values and high-rise condo land values in Toronto in 2014

Independent mortgage financier MCAP hosted a seminar in Toronto that explored new development trends across the GTA in 2014. Those in attendance were treated to a huge dose of insightful data on every aspect of the market, from undervalued markets in the GTA to housing starts and completions info. If you’re kicking yourself for missing it, the charts we’ve included below detail the fresh data available on lot values in many large Southern Ontario regions and high-rise condominium land values through the GTA. MCAP revealed the data at this morning’s seminar. Here’s their table for lot values within regions in

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Month: November 2015 MCAP releases insightful report on high-rise condo land values in Toronto in 2012

MCAP releases insightful report on high-rise condo land values in Toronto in 2012.   We have some very interesting data that MCAP, one of Canada’s leading indie mortgage financing companies, released today. Above is a table detailing the value that land for high-rise condominiums is being purchased at in Toronto. As you can see, the data is broken down by sub-markets (Downtown East, North Toronto etc…). This is the first time they’ve released this report, so it almost goes without saying that this is super insightful and valuable. A few things to note: Data is for the period ending May 31, 2012. Values

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Month: November 2015 GTA sees record number of home sales in September 2015

Home sales in September in the Greater Toronto Area hit the highest level for the month on record, according to a Toronto Real Estate Board report released today. Across the GTA, 8,200 home sales were tracked last month through TREB’s MLS System, a 2.5 per cent increase over September 2014’s sales volume of 8,001. This number includes the four major home types: detached, semi-detached, townhouse and condo apartment. “We are on track for record home sales reported through TREB’s MLS System this year,” said Mark McLean, the board’s president, in a statement. McLean expects this number to surpass 100,000 by

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Month: November 2015 Condo apartment rentals in the GTA jump 20.3 per cent in the 2nd quarter, 2015 TREB

There were 8,821 condo apartments rented through the MLS system in the second quarter of 2015, a 20.3 per cent rise over 2014. According to the data the Toronto Real Estate Board (TREB) published Friday, the amount of condos listed for rent outpaced those rented out: there were 15,323 listings in a total, an annual increase of 23 per cent. Together, one-bedroom and two-bedroom apartments made up 94 per cent of all rental transactions. Both suite types saw an increase in rental prices. The average rent for a one-bedroom condo rose 1.5 per cent to $1,608. Two-bedroom condo apartments saw an increase of

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Month: November 2015 GTA condo sales surge 17 per cent in 2nd quarter, 2015 TREB

The GTA recorded 7,656 sales of existing condo apartments in the second quarter of the year, a 17 per cent jump over the amount of sales counted the same quarter last year. According to figures released Friday by the Toronto Real Estate Board (TREB), the City of Toronto accounted for 70 per cent of all condo sales in the region. It saw a sales increase of 15.9 per cent. Sales across the region outpaced growth for the amount of condos being put up on the market: new listings rose 7.3 per cent year-over-year and active listings were down by 1.3 per cent.  

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Month: November 2015 GTA condo rentals and listings both rise by roughly 20 per cent in 1st quarter, 2015

Photo: James Bombales   The 6,074 condo apartments rented out through the MLS in the first quarter of 2015 represented a 20.9 per cent surge over the same period last year. According to the Toronto Real Estate Board’s first quarter report, listings kept up with leases, reaching 13,409 units, a 20.2 per cent year-over-year increase. Most of the leases were for 1-bedroom and 2-bedroom units and both apartment types saw a modest increase in rental pricing. The average rent for a 1-bedroom unit in the GTA was $1,585, an 0.8 per cent increase from the same time last year. 2-bedrooms suites

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