70 Roehampton Ave, The Republic Condos, Yonge and Eglinton

The Republic of Yonge and Eglinton Condos
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  • 70 Roehampton Ave
  • The Republic Condos
  • Location: Mid-town Toronto, Yonge and Eglinton
  • 24 Storey high-rise condo apartment building
  • Completed in 2010
  • built by Tridel Corporation
  • TSCC/2103
  • M4P 1R1

Steven Campbell, Sales Representative
Forest Hill Real Estate Inc., Brokerage

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Mid-Town Toronto Lofts | 188 Eglinton Ave E, The Soho | Yonge and Eglinton

188 Eglinton Ave East, The Soho Lofts
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  • 188 Eglinton Ave E
  • The Soho Lofts
  • Location: Mid-town Toronto, Yonge and Eglinton
  • Convertion to Lofts completed in 1998
  • built by The Goldman Group
  • MTCC/1250
  • M4P 2X7

Steven Campbell, Sales Representative
Forest Hill Real Estate Inc., Brokerage

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North York Condos | 23 Hollywood Ave, Platinum | Yonge and Sheppard

23 Hollywood Ave, Platinum Condos, Yonge and Sheppard
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  • 23 Hollywood Ave
  • Platinum Condos
  • Location: North York, Yonge and Sheppard
  • Completed 2005
  • built by The Conservatory Group
  • TSCC/1738
  • M2N 7L8

Steven Campbell, Sales Representative
Forest Hill Real Estate Inc., Brokerage

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Toronto Real Estate Board Market Update, December 2010

TORONTO, January 6, 2011 — Greater Toronto REALTORS® reported 4,395 existing home sales for the month of December, bringing the 2010 total to 86,170 – down by one per cent compared to 2009.

“Market conditions were anything but uniform in 2010. We went from super-charged sales activity during the first four months of the year, to a marked drop-off in transactions in the summer and then in the fall saw sales climb back to levels that are sustainable over the longer term,” said TREB President Bill Johnston.

“New Federal Government-mandated mortgage lending guidelines, higher borrowing costs and misconceptions about the HST caused a pause in home buying in the summer. As it became clear that the HST was not applicable to the sale price of an existing home and buyers realized that home ownership remained affordable, market conditions improved,” continued Johnston.

The average home selling price in 2010 was $431,463 – up nine per cent in comparison to the 2009 average selling price of $395,460. In December, the average annual rate of price growth was five per cent.

“At the outset of 2010, we were experiencing annual rates of price growth at or near 20 per cent. This was the result of extremely tight market conditions coupled with the fact that we were comparing prices to the trough of the recession at the beginning of 2009,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

“Balanced market conditions in the second half of 2010 resulted in more moderate home price appreciation,” continued Mercer. “Expect the average selling price to grow at or below five per cent in 2011. With this type of growth, mortgage carrying costs for the average priced home in the GTA will remain affordable for a household earning an average income.”

Home sales in the GTA were spread across a number of different housing types in 2010. Detached homes accounted for 49 per cent of total sales. Condominium apartments accounted for an additional 25 per cent per cent of sales. Other housing types including townhomes and semi-detached houses accounted for the final 26 per cent. In some areas like TREB’s central districts the mix was quite different, with condominium apartments accounting for 61 per cent of total sales.

“Ownership housing is available in a diversity of types and price points across the GTA, allowing plenty of choice for first time buyers and experienced home buyers alike. This housing diversity is one factor that continues to make the GTA a popular choice for households and businesses,” concluded Johnston.

Source: TREB (Toronto Real Estate Board)

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Liberty Village Condos | 50 Lynn Williams St, Battery Park | Downtown Toronto

50 Lynn Williams St, Battery Park, Liberty Villiage Condos
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  • 50 Lynn Williams St.
  • Battery Park Condos
  • M6K 3R9
  • TSCC/1817
  • 24 Storey high rise condo building
  • Completed in 2006
  • Built by Monarch Group
  • Located at Strachan and King St. W, Liberty Village, Downtown Toronto

Steven Campbell, Sales Representative
Forest Hill Real Estate Inc., Brokerage

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Toronto Condos | 18 Harbour St. , Success Tower | Bay and Queens Quay

18 Harbour St, Success Tower
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  • 18 Harbour St.
  • Success Tower Condos
  • M5J 2Z7
  • TSCC/2030
  • 53 Storey high rise condo building
  • Completed in 2009
  • Built by Pinnacle International
  • Located at Bay and Queens Quay., Downtown Toronto

Steven Campbell, Sales Representative
Forest Hill Real Estate Inc., Brokerage

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