Category: Toronto Business Posts

Category: Toronto Business Posts 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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Category: Toronto Business Posts 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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Category: Toronto Business Posts 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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Category: Toronto Business Posts 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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Category: Toronto Business Posts 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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Category: Toronto Business Posts 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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Category: Toronto Business Posts 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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Category: Toronto Business Posts Yonge and Bloor Joins Larger Mink Mile Strip To Reshape Canada’s Hottest Retail Corner

  TORONTO — Yonge and Bloor has been called the busiest intersection in the country. The traffic alone is relentless — in a 24-hour span 401,250 subway riders, 51, 392 pedestrians and 31,600 vehicles pass through where Toronto’s Yonge and Bloor streets connect. Now developers have plans to add even more to the mix at the intersection, the cross-section of the city’s two subway lines and a growing destination point for tourists from around the world visiting the city. Three of its four corners are in the process of either changing hands or introducing major new tenants into the retail

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Category: Toronto Business Posts TSX, Dow Continue Steep Losses On Jobs Data – CBC

  September 4, 2015 Stocks in Toronto and New York extended their losses on Friday, after jobs reports issued by both Canada and the U.S. failed to provide a definitive picture of the economy. At the end of the day, the TSX was down 118 points at 13,478. The main Toronto index is down 5.7 per cent in the past month, though it’s climbed back from the low of 12,705 it hit on Aug. 24. Similarly, the Dow composite index plunged 272 to 16,102, compounding a month of losses that have taken the index down 7.3 per cent in the

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