Toronto Real Estate & Condos Blog

TORONTO, February 3, 2010 — Greater Toronto REALTORS® reported 4,986 transactions through the Multiple Listing Service (MLS®) in January 2010. This result represented a large increase over the 2,670 sales in January 2009 when the home sales were in a recessionary trough. Last month’s sales were slightly higher than the January average in the five years preceding 2009. 

“The GTA housing market has rebounded well from the lows in sales experienced at the beginning of 2009. Sales climbed back to healthy levels across the GTA because the cost of home ownership remained affordable in the Toronto area,” said TREB President Tom Lebour. “Increasingly confident consumers moved to take advantage of affordable home ownership.”

The average home selling price in January 2010 climbed 19 per cent to $409,058, compared to 343,632 in the same month last year.

 “Expect strong annual growth rates for existing home sales and average price through the first quarter as we continue to make comparisons to the weak market conditions at the beginning of 2009,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “The rate of sales and price growth will be lower in the second half of 2010.”

Source: TREB (Toronto Real Estate Board)

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8 Hillcrest Ave

• The Pinnacle @ Empress Walk
• M2N 3N5
• MTCC/1362
• Completed 1999
• 32 Storey Highrise Condominium
• Built by Menkes
• Building Amenities:  Exercise Room, Gym, Recreation Room, Sauna, Guest Suites, Concierge

18 Hillcrest Ave.

• Empress Plaza 2
• M2N 6T5
• MTCC/1125
• Complete in 1996
• 23 Storey Condo apartment building
• Building Amenities:  Exercise Room, Gym, Guest Suites, Party Room, Meeting Room, Suana

 21 Hillcrest Ave.

• M2N 3N4
• TSCC/1582
• Complete 2003
• 33 Storey Condominium Apartment Building
• Built by Monarch
• Building Amenities:  24-Hour Concierge, Guest Suites, Pool, Spa, Gym, Cyber Lounge, Theatre & Party Room

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TORONTO, January 18, 2010 – Greater Toronto REALTORS®  reported 1,749 existing home sales on the Multiple Listing Service (MLS®) during the first two weeks of January.  This result was almost double the 888 sales reported for the same period in 2009, when sales had dipped to a recessionary low.

“We have had a strong start to 2010,” said Toronto Real Estate Board President Tom Lebour. “Widespread sales growth in terms of geography and housing type indicates that many households remain confident in their ability to purchase and pay for a home over the long-term.”

The average price for transactions in the first two weeks of January was $395,307, compared to an average of $332,495 for the same period in 2009.

“Double-digit average annual price growth will continue through the first quarter of 2010 as sales remain high relative to listings and we continue to make comparisons to last year’s winter downturn,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Source: TREB (Toronto Real Estate Board)

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Quantum @Minto Midtown is a fabulous Toronto Condo located just south of Eglinton on Yonge St.  Area Amenities include shopping at Yonge Eglinton centre.  Movie Theatre, lots of great pubs, restuarants and other entertainment.  TTC is right across the St.

2181, 2191 Yonge St.

• Quantum @ Minto Midtown
• TSCC/1890 (south)
• TSCC/1965 (north)
• M4S 2B1
• 2181 – 39 Storey skyscraper
• 2191 – 54 Storey skyscraper
• Built by MintoUrban Communities
• Completed: 2007 (south), 2009 (north)
• Building Amenities Include:  24 Hrs Concierge/Security, Fitness Centre, Pool, Steam Room, Sauna, Business Center, Party Room, Theatre, Tv Rooms, Game Room, Out door Barbeques, Fireplace lougne, Guest Suites

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Omni Dr is located on the West side of Scarborough Town Centre near Brimley Rd and Ellesmere.  Local Amenities include the mall, Civic Centre, Shopping, Groceries, Movie’s, Resturants.  The TTC is accessable by Bus on Brimley Rd and very close to Scarborough RT.  Easy access to highway 401.

115 Omni Dr.

• The Omni.
• M1P 5B4
• MTCC/1133
• 26 Storey high rise condominium
• Completed in 1996
• Tridel Built
• Location:  Brimley Rd and Ellesmere Ave.
• Building Amenities include:   24 Hr Gatehouse, Security, Exercise Room, Indoor Pool, Sauna, Recreation Room,

123, 125 Omni Dr.

• Forest Mansion 1 & 2
• MTCC/1393 (123)
• MTCC/1363 (125)
• M1P 5B1 (123)
• M1P 5A9 (125)
• 12 Storey mid rise condominium (123)
• 22 Storey highrise condo building (125)
• completed 2000 (125) & 2002 (123)
• Tridel Built
• Building Amenities:  Gate House Security, Indoor Pool, Virtual Golf, Theatre, Gym, Sauna, Party Room & Billard Room

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