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Toronto Real Estate

Condo Sales in Toronto Up by 28% from Same Period July Last Year

Its official! Toronto has hit the big time. We are now playing in the big leagues against giants like London, Miami and New York. As a matter of fact the Toronto market is the fastest growing in North America right now and 60% of new home sales in 2011 were from condiminimums according to the building industry and land development association (BILDA).

Figures from the Canadian Real Estate Association show that there has been an increase of 28% on the number of condos purchased in July in Toronto from last year. This is an exciting time to be involved in the real esate market in Toronto and with 40,000 additional condominimum units still under construction it's clear the excitement is not anywhere near bubbling point yet!

For potential buyers the news gets even better - prices of condos are down 2% from June in July and the Canadian Real Estate Group has increased its sales forecast for the remainder of the year in this bustling Canadian city.

The most surprising news is that 60% of these condo-buyers bought their properties straight off plans - before construction even began as investment properites.

Bottom Line? Toronto is the place to be, interest rates are low enough to be attractive to any type of buyer no matter your budget. The condo market in Toronto is crowded so dip that toe in the water and have a look!

Source of Figures: Wall Street Journal August 24, 2011

Planning on purchasing a condo in Toronto? Download our Condo Buyer's Survival Guide HERE!

CondoOulet.com the TV Show In a New Time Slot This Saturday and Sunday!

In a new time slot at 11:30PM on ShopTV (Channel 21), CondoShow.com the TV show will be airing a brand new episode this Saturday and Sunday. A number of exciting new projects including, Theatre Park, Rain Condominiums, The King Charlotte and The Residence at Muskoka Wharf will be featured.

Host Simon Gianinni along with infamous developers, Brad Lamb from Lamb Development Corp. and Paul Golinin Jr. from Empire Communities discuss exciting new upcoming condominium projects. All architecturally intriguing, affordable and located in desirable neighbourhoods, each project has something to offer every type of resident.

Ieden Wall, the rental expert, explains Toronto's vibrant condo market, how CondoShow enhances your experience and how as an investor, you have great potential and can benefit accordingly. Through polling residents of Toronto, viewers can gain an indepth and personal perspective of the real estate business and what to look for when choosing a rental agent.

Tune in this weekend to discover the perks of Theatre Park, Rain condominiums, King Charlotte and the Residence at Muskoka Wharf, and view a sneak peak of the exceptional residences!

To learn more, click HERE

Lamb Development Corp. Strikes Alliance with N5R for Marketing King Charlotte Condominiums!

N5R an award winning marketing and advertising consulting firm is proud to announce a new client, King Charlotte. King Charlotte is a new condominium project set to be complete in winter of 2014, at 11 Charlotte Street, in the vibrant core of downtown Toronto.

Created by Lamb Development Corp. and Niche Development, King Charlotte features a 32-story architecture based on a series of designed boxes, all of different types and sizes. Designed by Architects Alliance, King Charlotte Condominium is currently in preconstruction at 11 Charlotte Street in Toronto and will have 230 units that range from 452 sq.ft. to 962 sq.ft.

For the upcoming condominium, location is a key attraction only minutes from Spadina, Chinatown and Kensington Market. Restaurants, nightclubs and shops surround the area for residents enjoyment.

For more information about King Charlotte Condominiums or to register for a consultation, click HERE

Lamb Development Corp. Strikes Alliance with N5R for Marketing King Charlotte Condominiums!

N5R an award winning marketing and advertising consulting firm is proud to announce a new client, King Charlotte. King Charlotte is a new condominium project set to be complete in winter of 2014, at 11 Charlotte Street, in the vibrant core of downtown Toronto.

Created by Lamb Development Corp. and Niche Development, King Charlotte features a 32-story architecture based on a series of designed boxes, all of different types and sizes. Designed by Architects Alliance, King Charlotte Condominium is currently in preconstruction at 11 Charlotte Street in Toronto and will have 230 units that range from 452 sq.ft. to 962 sq.ft.

For the upcoming condominium, location is a key attraction only minutes from Spadina, Chinatown and Kensington Market. Restaurants, nightclubs and shops surround the area for residents enjoyment.

For more information about King Charlotte Condominiums or to register for a consultation, click HERE

Prices Up 0.3 Percent For New Canadian Homes

It has recently been revealed by Statistics Canada that following the 0.4 rise of home prices in May, this past June has seen an additional increase of 0.3 percent. Canadians acknowledged an advance in 8 metropolitan regions. Statistics Canada stated, Prices were unchanged in 10 of the 21 regions, and they fell in three St. Johns, Montreal and Calgary, which had the biggest decline at 0.3 per cent.

Toronto and Oshawa in particular were key contributors to the noticeable increase in Junes key index. Good market conditions from great demand and greater costs for materials, brought about the notable changes that are visible today. The Canadian Real Estate Association claims the increase to be a result of a balanced supply and demand. Canadian Real Estate Association president Gary Morse has stated, "Canadian housing demand remains resilient, thanks to low interest rates, job growth, and home buyer confidence in the economy."

This past June indicates the eighteenth consecutive rise in the cost of Toronto housing. Canadian real estate is currently on solid footing and stronger in contrast to the United States.

For more up to date condo information from one of Canada;s leaders in condominium marketing, click HERE

Urbanation Reports a Record-Breaking Quarter for Condo Sales

A major influx of more than 9,000 units from 44 new projects helps
smash multiple records

The 9,455 new condominium apartment sales in the second quarter topped the previous record high of 6,997 in Q2-2007 by 35%. There were also records set in Q2-2011 for the number of active projects, active units, sold index price, unsold index price, new condominium launches (units and projects), units and projects under construction, and quarterly unit registrations. In addition, only 16% of the active units in the market are unsold, a record low, quarters supply is at its lowest level since 1989, unsold units per project is at its lowest level since 1996, sales per project is at its highest level since 1988.

Over the past 12 months there were24,731 new condominium sales, topping the previous record high of 22,654 from Q4-2007 by 9%. These results are a far cry from Q2-2009 when less than 10,000 sales were realized over the previous 12 months.

These results for Q2 are remarkable, but they will likely bring about more talk of thesustainability of the condominium market, says Ben Myers, Urbanation Executive VicePresident and Editor. But its clear that the market is not experiencing rapid increases in pricing,which is the hallmark of a real estate bubble. The market is very healthy, as condominium resale
activity remains strong, and results from our new UrbanRental report show that condominiumrents have improved over the first quarter.

Read More...

To learn valuable Real Estate basics download the Condo Buyers Survival Guide


Toronto Condo Sales at Record High!

In Toronto last month, the Building Industry & Land Development Association revealed in their monthly report that condo sales rose 62%. Additionally, the sale of low rise homes increased significantly as well, creating a 53% total increase in sales.

Almost 65% of all new home sales in the Greater Toronto Area in June, and 61% from January to June were in high rise condominium spaces. To put the statistics into perspective, the past June is the second best June ever, for sales, the fourth best month ever for sales andThe second best first half since 2000 for total new home sales.

With a 62% rise in sales, the Toronto high-rise real estate market has never been hotter. Now is the time to invest in an urban home. CondoShow is known as the leader in condominium marketing. With a database of hundreds of Toronto condos and lofts for sale, you too may be part of the action and purchase a home today.

For more information, click HERE.

Free Condo Buyer's Survival Guide Now Available for Download

Today the Toronto condo market is the largest in North America. it is estimated a condo is sold every 14 minutes.

The biggest challenge people have in investing in the right condo is the overflow of information available on the internet which is why we have developed a Survival Guide that will help you answer most of the questions you have if you are a first time buyer. This way you do not have to do endless searches on Google and read numerous articles.

Questions such as How will i find the right place? How do I know the right unit or how do i know im getting the best value are amply discussed

Written by Simon Giannini THE expert in all things real estate (also a real estate broker with Royal LePage Signature in Toronto) The Condo Buyer survival guide tells you everything about the market, where it started, where its heading and how you can take advantage of the Toronto market.

The guide also gives you information on other resources available to you such as Condo geniuses, local agents and lawyers that will anwer your every question and check every document before you sign so you are confident in your decision.

DOWNLOAD THE CONDO BUYER'S SURVIVAL GUIDE NOW

CLICK HERE to download your free copy

Luxury has New Price in Toronto Real Estate- Four Season Penthouse Sells for $28Million

An international buyer has reportedly purchased the West Penthouse at the newFour Seasons Hotel and Private Residencesfor $28 million (CAD), making it the most expensive condominium residence ever sold in Canada.

The West Penthouse will soon occupy the top floor of the 55-storey West Residence building. It will encompass a head-spinning 9,038 square feet of living spaceand will apparently offer panoramic views of Toronto, 12 foot ceilings, a floor-to-ceiling glass galleria and four corner terraces.

The previous national sales record was held by Vancouvers Three Harbour Green, which sold for $22-million last year,

For the same price as that penthouse, someone could buy an eight-storey office building in the city, said George Carras, president of RealNet Canada, which tracks the condo market in several Canadian cities. Or a 14-storey apartment building. Or, 63 average-priced condos.

The sale isnt likely to wreak havoc in the broader market, because the new owner is essentially buying an entire floor of a Four Seasons hotel. The owner, and all other residents, can use all of the hotels amenities, including room service and housekeeping. It all comes at a price: Condo fees are close to $7,000 a month.

Currently under construction at the northeast corner of Bay Street and Yorkville Avenue in Toronto,Four Seasons Hotel and Private Residenceswill undoubtedly be a landmark mixed-use development. The final product will be a luxury hotel and 210 private residences in two sleek 55- and 26-storey towers.Initial occupancies for theMenkes Development Ltd.andLifetime Developmentsproject are slated for next summer.

Read More

Roman Bodnarchuk Speaks about N5R.com and CondoShow.com and Social Media

Roman Bodnarchuk talks about how his companies have been embracing the internet and social media, and why you should too!

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