Category: Toronto New Condo Investment Posts

Category: Toronto New Condo Investment Posts Toronto’s steaming 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 not begun construction.   It’

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Category: Toronto New Condo Investment Posts Analyzing condo investors of Toronto market, a new study finds

    What are the characteristics of the new pre-construction condo buyers in Toronto’s property market? These buyers buy out the most and best condo units in the condo building towers during the pre-sales period from the hundred of new condo builders across Toronto area.   Close to 50 per cent (50%) of the mortgages then rent their condo units to the existing large pool of available renters by leasing their units. An acute shortage of available apartment rental units is existing in the Toronto area for more than ten (10) years.  The vacancy rate of rental apartments in the

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Category: Toronto New Condo Investment Posts Toronto Condo owners had large capital gains and about half are in negative cash flow

  Toronto Condo owners had large capital gains. Close to 50 per cent of all investors who bought condominiums completed in the Toronto area in 2017 are not making enough rent to cover their carrying costs, despite finding exceptional gains on the value of their properties, a new study reports.   Close to 44 per cent of investors who took possession of new units in 2017 were in negative cash flow — that is their rental income was lower than the amount needed to cover their mortgage payments and condominium fees, according to the study by CIBC and Urbanation, a

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Category: Toronto New Condo Investment Posts Growth in more 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 of more 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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Category: Toronto New Condo Investment Posts Developer Urbancorp’s home buyers lost fight in court to complete their purchases

  In central toronto real estate, buyers in several insolvent Urbancorp projects have lost their bitter fight to convince a court to let them complete the purchase of their homes. On Thursday, an Ontario Superior Court judge approved the sale of six Urbancorp development sites in the Greater Toronto Area to five different buyers – including Mattamy Homes and Fernbrook Homes. The developments are among several Urbancorp companies that filed for bankruptcy protection earlier this year. Urbancorp’s court-appointed monitor, KSV Advisory, said it had received “hundreds of inquiries” and 76 formal bids from developers for the six sites, most of

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Category: Toronto New Condo Investment Posts 330 Richmond St West, Toronto – New Condo Investment

You are invited to a First Release VIP Condo Event on Saturday February 27th, 2016 for: City Suites By Greenpark.  One Day Only.  Suites starting from $287,900*.  A 5 Star Luxury Condo right in the heart of Downtown Toronto. * Representations and information contained herein do not form part of any Agreement of Purchase and Sale. Hersh Condos Inc. Brokerage, Petaluma Building Corp, do not warrant or represent any or all of the figures and statements above. No placement of mortgage is guaranteed and it is the responsibility of each purchaser to arrange suitable financing. You are advised to verify

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Category: Toronto New Condo Investment Posts 5 reasons Toronto house prices won’t crash in 2016

  After the Greater Toronto Area’s record year in 2015 for both the number of homes sold and the average price, the question is: when will it all come crashing down? The answer: not in 2016. Here are five reasons why this won’t be the year of Toronto’s housing collapse.   1. Supply and demand It’s the simplest rule of market economics and it applies to Toronto’s real-estate market. The population keeps growing, and people have to live somewhere. There’s little room to build more single-family houses to increase the supply. The demand from families who want to live in the city with a patch

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Category: Toronto New Condo Investment Posts 522 St Clair Ave W, Toronto – SOLD – New Condo Investment Opportunity

You Are Invited To A VIP Condo Event For: The Investor Suites at Forest Hill ONE NIGHT ONLY Own For $10,399* Incredible Deposit Match Program* Investors: Earn 18.7% Return Per Year* Suites Starting From The 300’s 7 PM Wednesday November 25th 2015 To RSVP, please complete “Contact Max” form below and send email with your name and cell phone number and please mention ” VIP Condo Event For The Investor Suites at Forest Hill on November 25th” or contact Max Seal, Broker at 647-294-1177 directly. Prior “Investment Presentation” can be arranged in our “Presentation Office”. I look forward to seeing

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