Linked In YouTube Blog Facebook Twitter Google+

Can You Get 400% ROI From Investing In Toronto Condos?

Originally posted on: March 28, 2015
Last updated on: June 15, 2016
Filed under: condo investment investment financials toronto condos new condos real estate investment roi condo deals pre-construction condos

ART SHOPPE CONDOS RELEASED - BREATHTAKING RENDERINGS

Originally posted on: February 18, 2015
Last updated on: February 18, 2015
Filed under: art shoppe condos midtown condos midtown yonge and eglinton yonge and eglinton condos new condos toronto condos art shoppe art shoppe condo

Hold your breath Yonge and Eglinton buyers. Art Shoppe Condos is coming to midtown

Originally posted on: February 6, 2015
Last updated on: February 18, 2015
Filed under: art shoppe condos midtown condos midtown yonge and eglinton yonge and eglinton condos new condos toronto condos art shoppe art shoppe condo

Our 5 Favourite New Toronto Condo Developments Of 2014

Originally posted on: January 29, 2015
Last updated on: January 29, 2015
Filed under: monde condos new condos toronto condos condos toronto condo yc condos 50 wellesley alter condos code condos forest hill yonge college yonge wellesley east bayfront waterfront condos toronto waterfront

Seasons Greetings | Merry Christmas & Happy New Year

Originally posted on: December 25, 2014
Last updated on: December 31, 2014
Filed under: 2015 new year 2015 year christmas merry christmas love joy gift giving seasons greetings thank you holiday holiday season grateful best wishes

A record quarter for the Toronto condo market as sales hit 6,070

May 13, 2012 - Updated: June 5, 2012

 

massey tower exterior rendering

Massey Tower was one of the big sellers of Q1 2012.

Stats from the Urbanation Q1-2012 market overview were released today and there are a few juicy ones that really caught our eye.

According to an Urbanation press release, there were 6,070 sales in Q1-2012 in the Toronto condo market, the highest of any first quarter on record.

“Despite the record sales in Q1-2012, Toronto CMA brokers and developers still report anxiety about the future health of the condo market,” said Ben Myers, Urbanation Executive Vice President and Editor, in the press release.

“The probability of a market crash or major price correction is very small, but the prevalence of media coverage for this outcome remains high.”

Here are a few more statistical highlights from the Urbanation report:

  • There were 338 active projects in Q1 2012 and 84,698 active units, both are record highs
  • 30 per cent of the overall sales came from just four (of 338 active) projects — INDXMassey Tower Condos and Casa II in Toronto and PSV in Mississauga.
  • The average of 18.0 sales per project was lower than in Q1 2011 (18.3) and Q1 2010 (20.4)
  • The average sold price index in the Toronto CMA rose to $519 psf, an increase of 2 per cent quarterly and 8.1 per cent annually
  • Urbanation notes that the unsold supply is a factor that could potentially derail the condo market; there were 15,554 unsold units at the end of Q1 2012, an increase of 4 per cent quarterly and 27 per cent annually
  • As financial institutions, especially Canadian-based institutions, move to tighten lending, resulting project cancellations may mitigate the level of unsold inventory

Another incredibly insightful report from our friends at Urbanation & Buzz Buzz Home.


Tagged with: new condos q1 report toronto condos urbanation pre-construction condo market
| | Share

Leave a comment...

Please enter the numbers found on the right.

6 LOCATIONS TO SERVE YOU

Toronto North

Toronto Thornhill

Toronto High Park

Toronto Annex

Highland Creek

Caledon / Bolton

96 Rexdale Blvd. 1118 Centre St. 1678 Bloor St., W. 570 Bloor St., W. 6074 Kingston Rd. 1 Queensgate Blvd.

 


 

Home  |  Top  |  Printer Friendly  |  +Bookmark  |  Privacy Policy
Powered by Lone Wolf Real Estate Technologies (CMS6)