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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

INVITATION: $480/sqft Downtown Toronto Waterfront Webinar | Best Deal of 2014

Originally posted on: October 24, 2014
Last updated on: October 24, 2014
Filed under: monde condos new condos condo deal exclusive deal toronto condos

Can it be true? Brad Lamb says condominium vacancy rates below 1 per cent in central Toronto

January 17, 2012 - Updated: January 17, 2012

Brad J. LambBrad J. Lamb made some pretty bold statements on his blog over the weekend, claiming that the condominium vacancy rate in the central area of Toronto was below 1 per cent.

 

The celebrity real estate agent and developer explained that on MLS there are 600 properties for rent (condos freehold) in the areas of Toronto bordered by the 401, the DVP, Dufferin and Lake Ontario. According to his calculations, that’s a less than 1 per cent vacancy rate.

 

In his blog post, Lamb also takes a jab at West Coast real estate investment expert, Don Campbell. He disagrees with Campbell’s prediction that the Toronto condo market will be oversupplied by late 2012, early 2013 and cautions his readers to “be very careful who, and what, you believe.”

 

He then lays down some facts of his own that support his belief that the Toronto market is on steady footing. Here’s a summary of his points:

 

  • Growing cities need new rental apartment housing and rental apartment construction is virtually non-existent in the area of Toronto he analyzed.
  • The condo market has replaced the rental apartment market. Lamb says that over half of the 15,000-20,000 condos delivered in 2010, 2011 and 2012 will be owned by apartment investors renting to tenants. He says this is a necessary development for any modern, growing city.
  • The existing rental apartment stock is dated, falling apart and needs to be upgraded.

 

He ends his post by stating “There is no evidence that we will have a rental problem in the condo market. If anything, more young people will take themselves out of the buying market because of affordability issues. They will have to enter the rental market instead.”

 

Point well taken Mr. Lamb! We’d love to hear how the skeptics will respond to this argument, especially REIN‘s Don Campbell. How can this be settled? We’re thinking a best three-out-of-five deathmatch in Call of Duty healthy, constructive discussion and exchange of ideas.

 


Tagged with: mls vacancy in toronto toronto rental new condos
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Comments (1)

Posted by: Louis Tam of http://www.viproperties.com
February 4, 2013 @ 6:54 pm
Hi, My name is Louis Tam, I work for a real estate investment firm located in Vancouver BC. We are interested in having a link reciprocal relationship with your website. We recently launched our new website http://www.viproperties.com and are interested in having our link on your website. In return, we are also opened in having your website url on our website. We pride ourselves in having only high quality content on our website and are completely against spam. If you are interested, please give me an email! I look forward to your reply! Thanks, Louis

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