toronto condos

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

The New King West

Over the past few years, King Street West has undergone a remarkable transformation. The previously stark landscape has become redefined by a number of entertainment venues, infamous theatres, stylish shops and eclectic restaurants. Already in 1999, the King West neighbourhood was classified as one of Torontos most up-and-coming locations to live, based on pricing and real estate sales.

The rapid development of lofts and condominiums in the vibrant area brought an immense amount of interest and homebuyers to the area. From young urban professionals to retired couples, King Street West offers a lifestyle desired by all. Within the heart of downtown Toronto, the modern residential community provides an abundance of supermarkets, public transit and services for convenience. As one of the hottest locations in Toronto, King West is dedicated to preserving its lively and unique feel. Modern amenities and historical roots combine together to create a true sense of metropolitan community.

Theatre Park, situated at 224 King Street West, is the prestigious areas most exciting new project to be complete in 2013. At 47-storeys, the expansive glass tower is not only a future landmark of Toronto but houses 240 luxury condominium suites. Starting at $379,900, Theatre Park offers affordable living in one of the most trendy locations in the city.

For more information or to register for a consultation, click HERE

The New King West

Over the past few years, King Street West has undergone a remarkable transformation. The previously stark landscape has become redefined by a number of entertainment venues, infamous theatres, stylish shops and eclectic restaurants. Already in 1999, the King West neighbourhood was classified as one of Torontos most up-and-coming locations to live, based on pricing and real estate sales.

The rapid development of lofts and condominiums in the vibrant area brought an immense amount of interest and homebuyers to the area. From young urban professionals to retired couples, King Street West offers a lifestyle desired by all. Within the heart of downtown Toronto, the modern residential community provides an abundance of supermarkets, public transit and services for convenience. As one of the hottest locations in Toronto, King West is dedicated to preserving its lively and unique feel. Modern amenities and historical roots combine together to create a true sense of metropolitan community.

Theatre Park, situated at 224 King Street West, is the prestigious areas most exciting new project to be complete in 2013. At 47-storeys, the expansive glass tower is not only a future landmark of Toronto but houses 240 luxury condominium suites. Starting at $379,900, Theatre Park offers affordable living in one of the most trendy locations in the city.

For more information or to register for a consulation, click HERE

Watch Condo Show TV tonight at Midnight- Rogers Channel 21

Dont forget to tune in to tonight's powerpacked episode.

We answer questions that have been on your mind and give you the inside on various resources you can use to empower yourself about the fast growing Toronto Condo Market.

Shop TV - Rogers Channel 21 at midnight on Tuesday and Thursday nights at midnight.


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.

All-Time High For Canadian Home Prices

In April, Canadian housing prices rose 1.1 percent from the previous month. The increase was the largest Canada has seen in the past 5 months and the survey encompassed the top six Canadian markets. Vancouver proved to be the most expensive real estate market with a 1.8 per cent increase this year. Behind Vancouver is Toronto with a 0.7 per cent increase.

The survey completed by The Teranet-National Bank House Price Index operates through tracking observed or registered home prices over time using data collected from public land registries. All dwellings that have been sold at least twice are considered in the calculation of the index.

The greater Toronto Areas is Canadas most populated and metropolitan location. With a population in the high five millions, the yearly market increase is approximately 4.09 per cent. However, currently, during a period of low interest rates, Canadians can afford to buy a more expensive home for the same payment. It is crucial for Canadian homeowners to ensure their budget will be able to handle higher payments once interest rates increase.

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

City of mass construction: Toronto's unstoppable condos show no signs of slowing down

Brad Lamb believes Torontos downtown condominium market is out of this world.

Theres no other place on the planet where all this [activity] is happening, says the president of Brad J. Lamb Realty, who specializes in downtown condo sales. We have a large immigration of people coming to Toronto every year. We have a diverse economy that can support a reasonably affluent lifestyle. And we have a very stable Canadian economy. Everyone is recognizing how great Canada is, and Toronto is the centre of Canada.

Mr. Lambs enthusiasm is echoed by those who analyze the downtown condo market and those who build it up. According to Urbanation, numbers cruncher to the development industry, 16,000 new condo units are expected to come to the Toronto CMA area this year (5,500 will be in the downtown core), down slightly from last year but still a healthy level. RealNet Canada reports that in the first 11 months of 2010, 36% of new condo units sold in the Greater Toronto Area were situated in the downtown core between Bloor Street and the waterfront. Twenty-two per cent of GTAs new condo sales took place in what RealNet calls Downtown West, between University Avenue and Dufferin Street, which RealNet president George Carras says totalled more than all of Calgarys new condo sales in the same time period. With interest rates low and close to 100,000 new immigrants arriving on Torontos doorstep every year, 2011 is expected to continue drawing in the masses.

More and more people are choosing downtown as a place to live, says Mark Cohen, founding partner at The Condo Store Marketing Systems. You even have people with families looking at living in condos. Downtown remains one of the safest if notthesafest place to live in the city, which makes this a very un-American kind of place.

Given the size of starter condos, one would think first-time buyers are fuelling the market. Not so, say the pundits. Sure, 400- to 500-sq.-ft. suites are common, and they will always have an allure for younger buyers, who rarely spend time at home yet want to live where the action is, says Ben Myers, Urbanations executive vice-president. But todays imaginative architects and interior designers are whipping up wee spaces that are much more functional and feel quite spacious.

Over the course of time, suites wont get any smaller theyll be configured a little differently, explains Sam Crignano, president of Cityzen Development Group, which is building up the area around St. Lawrence Market with London on the Esplanade and the upcoming Pier 27 and Backstage. Youre going to have rooms that are multi-use, like a den/dining room that converts into a bedroom with a Murphy bed. Europeans have been doing this for a long time and the same holds true in a lot of Asia. The flexibility of a space is going to be key, going forward.

Mr. Lamb concurs. A decade ago, he says, a new breed of developers began building hip cool projects with hip cool architects. Today, those same developers have upped the ante considerably, with 500-sq.-ft. units that will blow your socks off and countertops, finishings, floor-to-ceiling windows, amenities and even lobbies that are more beautiful and thoughtful than ever. Among those he praises are Freed Developments, Context, Streetcar, Lanterra and his own Lamb Development, all of whom build downtown, and starchitects and interior designers including Yabu Pushelberg, Cecconi Simone, Michael Niven and II by IV Design.

Also getting attention in 2011 are empty nesters and second-time condo buyers. Riz Dhanji, vice-president of sales and marketing at Canderel Stoneridge, which is building 75-floor Aura at College Park and DNA3 in King West, says many empty nesters are downsizing from large family homes and choosing a downtown condo as their weekend escape. And as the price of single-family homes escalates, first-time condo dwellers with kids in tow are choosing to upgrade to larger units rather than buy a house. Mr. Dhanji expects the trend to continue through 2011.

But perhaps the biggest demographic that will continue to drive sales this year is the investor market, both local and international. Mr. Lamb says there are few developers building rental towers any longer, in part due to the citys rent control laws, so investors hold the key to rental accommodation. He says its not uncommon for 40% of a building to be owned by investors, with most rentals situated below the fifteenth floor because they are less expensive than those with a brighter view. Mr. Myers estimates 50% to 60% of downtown condo units are owned by investors who rent them out.

If no one is building new apartment buildings, [people] cant live in tent cities, says Mr. Lamb. Theyve got to live somewhere. The only place thats providing new affordable housing is the condo market.

As for prices, Mr. Cohen say they are likely to hold steady this year at anywhere from $500 to $600 per square foot, though upscale neighbourhoods such as Yorkville will still command sums of $800-plus. Mr. Myers puts the average price at $370 per square foot, adding that there will be fewer new projects completed this year in the GTA, so well see what that does to the price.

Looking a bit farther out, Mr. Carras expects the next couple of years to produce alternatives to the popular towers, particularly six-storey wood-framed buildings and four-storey walk-ups on main streets such as Bloor Street West. Mr. Crignano thinks people will begin to put neighbourhood first, searching for their preferred schools, parks and shops and then finding a suitable building nearby much like house buyers already do. And with Waterfront Toronto building up the West Don Lands and East Bayfront as part of a 25-year mandate to transform 2,000 acres of brownfield lands into sustainable mixed-use communities and dynamic public spaces, Mr. Cohen believes the areas will have a magic of their own and attract attention.

Yet what will certainly put Toronto in the global spotlight is the bevy of luxurious hotel residences set to open this year and next. All are five-star hotels, known the world over, that cater to a sophisticated buyer who travels the world in style.

It will make us a more cosmopolitan city when we have these large brands like Ritz-Carlton, Shangri-La, Four Seasons and Trump, Mr. Dhanji says. Its going to have a great impact and make us more of an international city. Its going to shape the downtown core even more. The next few years are going to be great on the skyline of Toronto, once all of these projects are completed.

Read more:http://www.nationalpost.com/homes/City+mass+construction/4145560/story.html#ixzz1C3DMi6ft

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