Tag Archives: toronto condo boom

Expect strong start to 2010 to continue!

In January, 4,986 homes changed hands throughout the Greater Toronto Area. This figure far exceeds last January’s 2,670 sales, which took place in the depths of our short-lived recession. Most significantly, it is comparable to January 2008’s 5,075 transactions and the 5,173 sales that took place in January 2007, the latter of which was the strongest year on record. Breaking down the numbers, there were 1,973 sales in the 416 Area and 3,013 transactions in the 905 Region last month. Condominium apartments comprised 47 per cent of all sales in the 416 and nearly 13 per cent of all 905 … Read more

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JUST LISTED: 33 Mill St #1005 – $359,900!

‘Pure Spirit Condos’ One Bedroom + Den Parking + Locker Included! South Lave View! One Of The Best Layouts In Building 579 Sqft+ 105 Sqft Balcony! Located In The Heart Of The Historic Distillery District. Boutiques, Art Galleries, Cafes, Restaurants And The Theatre At Your Doorstep. 9′ Exposed Concrete Ceiling, Wide Living/Dining Area, Floor To Ceiling Windows, Sliding Glass Door…s In Bedroom. Full Amenities Including Outdoor Pool & Jacuzzi! Parking & Locker Included! A Must See! Fully Upgraded Kitchen! All Stainless Steel Appliances! Fridge,Stove,B/I Dishwasher,B/I Microwave W/ Exhaust Fan, Granite Counters, Back Splash, Extra High Cabinets, Center Island W/ Granite … Read more

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Canada’s Flaherty Says There Is No Housing Bubble ‘Right Now’

Finance Minister Jim Flaherty said record Canadian home prices partly reflect a stabilizing economy and don’t constitute a bubble “right now,” even though the government is prepared to act if gains become excessive. Flaherty, in an interview today, said recent price increases for homes in Canada are due to a “confluence” of factors including low interest rates, an improving economic outlook and a stabilizing job market. “We always watch the housing market to make sure that we do not see the development of an asset bubble,” Flaherty, 59, said during an interview in his office in Ottawa. “There would have … Read more

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Builder Spot Light: Menkes

Twenty-five years ago, it took a leap of faith to believe that the sleepy bedroom community north of Highway 401 would become a major urban centre. Read more

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