Category: Toronto New Condo Investment Posts

Category: Toronto New Condo Investment Posts 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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Category: Toronto New Condo Investment Posts 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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Category: Toronto New Condo Investment Posts GTA Condo Construction Reaches Record High in Q1

Toronto 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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Category: Toronto New Condo Investment Posts Toronto condo market price growth expected to slow down in 2019

          In the real estate obsessed Toronto region, 2018 was the year of the condo — again. Condo prices have been rising for the past three (3) years. The conditions that made it tougher to buy a house this year — tighter mortgage qualification rules, higher interest rates — contributed to strong demand for condos, which have emerged as the default first home choice and the obvious housing for the workforce that has flocked into  and some of the 905-area municipalities.   New construction condo prices (the category also includes stacked town homes) were up 12

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Category: Toronto New Condo Investment Posts Toronto Condo buyer needs $100,000 in income to buy a Condo in 2019

            Toronto Condo buyer needs $100,000 in income to buy a Condo in 2019 Condo rents up 10.7 per cent as fewer buy homes One-third of would-be buyers have exited the market Some relief ahead for homebuyers, Urbanation predicts   The income needed to qualify for a mortgage (mortgage qualifying) on an average Greater Toronto Area condo has soared by nearly a third over 2017, according to a new report, and it’s due to both rising prices and tougher new mortgage rules. Homebuyers needed an income of at least $100,000 to qualify for a mortgage

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Category: Toronto New Condo Investment Posts Toronto condo rent hikes may slow in 2019 with more condo units available for rent in 2019

              The average rent for a one-bedroom condo in the Toronto region has surpassed $2,000 for the first time, hitting $2,056 in the third quarter of 2018, according to market research firm Urbanation.   Mr. Hildebrand, President, said he expects rents to moderate going into 2019 as more apartments and condos become available. But in the short-term the demand from a growing population and consumers shut out of the home ownership market continue to outstrip the supply for rentals and push up the cost of leasing. “It isn’t a coincidence that rents and (home)

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Category: Toronto New Condo Investment Posts Toronto Condo market set to level off in 2019

            The Toronto condo market is set to level off in the first quarter of 2018, but not before the average downtown price per square foot crosses the $1,000 threshold for pre-construction units, says Shaun Hildebrand, senior vice-president of real estate market research firm Urbanation.   Unsold condo inventory has already reached an average of $991 per sq. ft. and the average selling price for all new projects that were launched in the City of Toronto in the third quarter was $951 per sq. ft., he said. “I don’t think it will be long before

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Category: Toronto New Condo Investment Posts Toronto’s sizzling condo market slows down in 1st quarter, 2018

            Toronto’s heated condo market looses some steam due to the growing development costs and some of the condo project cancellations. They have produced some caution into Toronto’s hot condo market, and with more project terminations likely yet to come, comments Urbanation, the development research company. Urbanation found that new Toronto condo launch prices went up 23 per cent year over year at the end of the 1st quarter, 2018. Even with a really large number of condo development projects that were launched in 2017, about 53 condo developments projects with nearly 14,000 units that still had

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Category: Toronto New Condo Investment Posts Growth to New Condos in 2016 and 2017 in Bloor-Yorkville

  Once a refuge of hippies, artists, and folk singers, Yorkvillle has transformed over the last forty years to become one of the city’s toniest neighbourhoods, home to the country’s most expensive commercial real estate, along with some of the city’s best restaurants and hotels, and at its northern periphery, to some of the most well-kept Victorian row-homes in Toronto. Eminently walkable, and well served by transit, this beloved Toronto neighbourhood has become a nexus of wealth and style, with condo and home prices that very much reflect its ever-increasing exclusivity. This edition of our Growth to Watch For series

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Category: Toronto New Condo Investment Posts Growth to New Condos in 2016 and 2017 in Downtown Toronto North

  In this edition of our Growth to Watch For series, we will take a tour of Downtown North, a relatively small, yet rapidly intensifying area of Toronto defined by the University, Bay, and Yonge Street corridors from Charles to Gerrard. Neither as jam-packed with tourists and day-trippers as the Downtown Financial Core to the south, nor as glitzy as Bloor-Yorkville’s Mink Mile to the north, Downtown North has long served a mixture of more staid urban usages. To the west, Hospital Row, the University of Toronto, the Ontario Legislature, and several government ministry buildings of Queen’s Park have defined University Ave,

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