Monthly Archives: August 2019

Month: August 2019 GTA Property Sales Down 42% in Q1 2019

    GTA Property Sales Down 42% in Q1 2019   Urbanation released the results of our Q1-2019 Commercial Property Market research, with highlights presented in the following summary.   Highlights of the release include:   – The first quarter of 2019 was quiet as the total value of property sales in the GTA fell 42% from a year ago to $3.8 billion, with the number of transactions in Q1-2019 declining 18% to 287 sales. – Annual declines were experienced by all regions, including Toronto (-$1.7 billion, -43%), Peel (-$517 million, -46%), York (-$201 million, -26%), Halton (-$88 million, -24%) & Durham

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Month: August 2019 Record High Condo Sales in 905 as GTA Condo Prices Reach $1,000 PSF

  Record High Condo Sales in 905 as GTA Condo Prices Reach $1,000 PSF   Urbanation Inc., the leading source of information and analysis on the GTA condominium market since 1981, released its Q2-2019 condominium market results.   New condominium apartment sales in the GTA totaled 8,902 units in Q2-2019, surging 77% year-over-year as 10,848 units were launched for pre-sale during the quarter. Sales reached their second highest Q2 level on record behind the market peak in Q2-2017 (11,413 sales), which followed a muted first quarter of activity and brought total first half sales of 11,967 units in 2019 above

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Month: August 2019 GTA Condo Construction Reaches Record High in Q1

  GTA Condo Construction Reaches Record High in Q1   Urbanation Inc., the leading source of information and analysis on the GTA condominium market since 1981, released its Q1-2019 condominium market results.   Pre-Sale Launch Activity Drops to 10-Year Low as Construction Surpasses 70,000 Units   New condominium apartment sales were suppressed during the first quarter of 2019 due to a decade low volume of new projects launched for pre-sale, which occurred as construction levels reached a record high. In Q1-2019, a total of 3,073 new condominium apartments were sold across the Greater Toronto Area, declining 26% year-over-year and falling

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Month: August 2019 Toronto Buyers Are Buying Up Condos In All GTA Areas But Not In The 416 Area

© Jorge Vasconez Toronto Buyers Are Buying Up Condos In All GTA Areas But Not In The 416 Area   There’s a new report about Toronto Condo sales and it looks like business is booming — for some of us. Rent in Toronto is already expensive as it is, but condo sales outside downtown Toronto went up a whopping 77 percent this year. As of now, a 1-bedroom rental in Toronto goes for about $2,290 which is about 2.7 percent more than it was back in January, 2019. Condos in downtown Toronto go for about $1,291 per square foot, $894

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Month: August 2019 A Toronto Condo Is A Sound Long Term Investment

      A Toronto Condo Is A Sound Long Term Investment   Did you know 98% of homeowners continue to say that their most recent home purchase was for them to live in rather than as an investment to rent out? A home is the only investment you can live in while it grows in value.   Please check out this handy infograph below to discover more key statistics surrounding home ownership.     TREB created this infograph as a resource to give you a better understanding of how a home is a sound, long-term investment, not only for

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