Highrise sales slipped by 10% in July to 1,222 over last year’s 1,358. But prices for an average condo remained up by 10% to $430,782, compared with $391,673 last July.
Posts Tagged ‘condos’
Move to suburbs can’t offset condo sales slump
Posted: 28th August 2010 by Laurin Jeffrey in Buying Real Estate, New Condos & Lofts, Other Real Estate Markets, Pickering Ajax Real Estate, Toronto Condos, Toronto Real Estate, York Region Real EstateTags: affordability, bedroom communities, City of Toronto, condo builders, condominium, condos, densification, downtown toronto, low rise, new condominiums, new toronto condos, pickering, toronto condo, toronto condo sales, toronto condos, toronto condos for sale, walking distance
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Buying A Condo
Posted: 19th August 2010 by Laurin Jeffrey in Buying Real Estate, First Time Buyers, General Real Estate, New Condos & Lofts, North York Condos, Toronto CondosTags: apartment, buying a condo, common property, condominium buyers, condos, home ownership, property values, real estate agent, single family dwelling, toronto condos, toronto condos for sale, urban settings
When you’re looking to buy a home, there are plenty of choices available. One of them is the condominium. As you may already know, a condominium is a large property complex that is divided and sold in individual units.
Toronto condo market hits down button
Posted: 17th August 2010 by Laurin Jeffrey in Buying Real Estate, First Time Buyers, New Condos & Lofts, North York Condos, Planning & Development, Real Estate Investment, Selling Real Estate, Toronto Condos, Toronto Real EstateTags: condo market, condos, large numbers, lull, new toronto condos, record sales, sales volume, second quarter, slowdown, Toronto condo market, toronto condos, toronto condos for sale, toronto real estate, Toronto Real Estate Board
So far, prices are holding firm: In the second quarter, the average selling price in Toronto gained 1% to $331,000. And despite slowing sales, developers are asking more for less. The average asking price for the 23 projects launched in the last three months was $565 a square foot, a 12% increase from the same time last year.
Does Condo Life Suit You?
Posted: 15th August 2010 by Laurin Jeffrey in Buying Real Estate, First Time Buyers, General Real Estate, New Condos & Lofts, North York Condos, Toronto CondosTags: condo life, condo owner, condominiums, condos, financial commitment, insurance, insurance policy, monthly budget, mortgage, parking garage, social aspect, social commitment, toronto condos, toronto condos for sale, upkeep
There are a many benefits to owning your own condo – chief among them the fact that you actually own your own condo! However, along with the benefits, there can be unforeseen hassles.
New condo sales start to slow
Posted: 9th August 2010 by Laurin Jeffrey in Buying Real Estate, First Time Buyers, New Condos & Lofts, North York Condos, Toronto Condos, Toronto Real EstateTags: completions, condo market, condo projects, condo sales, condos, first quarter, gta, metropolitan area, new projects, quick profit, second quarter sales, speculation, speculators, toronto condo, toronto market
Despite the dip in the new condo market, sales in the second quarter were still the seventh best on record, up 68% over a recession impacted quarter of a year ago.