GREATER TORONTO REALTORS® REPORT Q1 CONDOMINIUM MARKET STATISTICS

TORONTO, April 15, 2014 – Toronto Real Estate Board President Dianne Usher announced that “home buyers remained confident in purchasing condominium apartments during the first three months of 2014. This included first-time buyers and seasoned home owners looking to change their housing situation. Despite the condo market segment being well-supplied, strong sales growth translated into a robust increase in the average selling price.”

Greater Toronto Area REALTORS® reported 4,454 condominium apartments sold through the TorontoMLS system in Q1 2014 – up nine per cent compared to 4,085 sales reported in Q1 2013. The average selling price for Q1 2014 transactions was up by 5.6 per cent year-over-year to $351,213.  The City of Toronto accounted for 70 per cent of all condo apartment transactions, with 3,121 sales reported. The average selling price in the City was $376,226.

The supply of condo apartments listed for sale also edged up in the first three months of 2014. New listings reported during the quarter were up by 3.1 per cent year-over-year. Active listings at the end of the quarter were up by 1.8 per cent.

“The number of new condominium apartment completions was up substantially in 2014. Because of this, we could see stronger growth in listings in the second half of 2014 as some investors choose to list their units for sale. If this occurs, buyers would benefit from more choice in the marketplace and thus could have more negotiating power with regard to price,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

First-Quarter-Condo-Stats-2014-TREB

 

Source: Toronto Real Estate Board (TREB)

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Toronto Condos: 99 Hayden St, Yonge and Bloor

99-Hayden-St-Yonge-Bloor-Condos

  • 99 Hayden St
  • Condo amenities include  gym, party room, rooftop deck, concierge.
  • MTCC/1257
  • Location:  Bloor and Church/Yonge
  • 9 Story Condo Tower
  • Completed 1998
  • M4Y 2P2
  • MLS District C08 – Church – Yonge Corridor

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

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Toronto Condos: 530 St Clair Ave West, The FIVETHIRTY Condos

530-St-Clair-Ave-West-The-FIVETHIRTY-Condos

  • 530 St Clair Ave West
  • The FIVETHIRTY Condos
  • Condo amenities include  gym, whirl pool, party room, media room,  games room, cyber lounge, rooftop deck, concierge.
  • TSCC/2334
  • Location:  Bathurst and St Clair
  • 19 Story Condo Tower
  • Completed 2013
  • Built by Goldman Group
  • M6C 1A2
  • MLS District C03 – Humewood – Cedarvale

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Forest Hill Real Estate Inc., Brokerage

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Etobicoke Condos: 225 Sherway Gardens Rd, One Sherway Condominiums

225-Sherway-Gardens-Rd-One-Sherway-Condominiums

  • 225 Sherway Gardens Rd.
  • One Sherway Condominiums
  • Condo amenities include state of the art fitness and recreation centre, indoor pool, whirlpool, sauna, virtual golf, media room, 24 hour concierge.  Walk to Sherway Gardens Mall and restuarants.  Public transit next to the building.
  • TSCC/1980
  • Location: Etobicoke, West Mall and The Queensway.
  • 27 Story Condo Tower
  • Completed 2008
  • Built by Menkes Developments and Great Gulf Homes
  • M9C 0A3
  • MLS District W08 – Islington-City Centre West

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Forest Hill Real Estate Inc., Brokerage

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North York Condo Townhouses: 4005 Don Mills Rd

4005-Don-Mills-Rd-North-York-Condo-townhouses

  • 4005 Don Mills Rd.
  • Amenities include exercise room, indoor pool, sauna, recreation room.
  • YCC/332
  • Location:  North York, Don Mills and Steeles.
  • 6 Story  Stacked Condo Townhouses
  • Completed around 1977
  • M2H 3J9
  • MLS District C15 – Hillcrest Village

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Forest Hill Real Estate Inc., Brokerage

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Toronto Waterfront Condos: 215 Fort York Blvd, Neptune Condos

215-Fort-York-Blvd-Neptune-Condos

  • 215 Fort York Blvd.
  • Neptune Condos at Water Park City
  • Condo amenities include a party room, boardroom, whirlpool, indoor pool, fitness centre, rooftop terrace, 24 hour concierge.  Street Car at your door steps.  Walk to the Waterfront, Martin Goodman Trail, and CNE. Minutes to King West, Liberty Village, Financial & Entertainment Districts.
  • TSCC/2181
  • Location:  Toronto Waterfront, Lake Shore and Bathurst
  • Walk Score 75, Transit Score 100
  • Complete 2010
  • 38 Story Condo Tower
  • Built by H & R Developments, Lifetime Developments, and Lanterra Developments.
  • M5V 4A2
  • MLS District C01 – Niagara

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Forest Hill Real Estate Inc., Brokerage

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King St West Condos: 19 Brant St, Quad Lofts

19-Brant-St-Quad-Lofts

  • 19 Brant St.
  • Quad Lofts
  • Walking distance to all the restaurants, shopping, Entertainment District, Fashion District.  Building features include polished concrete ceilings, fitness centre, party room, games room, gym, concierge and more.
  • Walk Score 98, Transit Score 100
  • TSCC/1796
  • Location:  Downtown Toronto Fashion District, King St West and Spadina.
  • 9 Story Condo Tower
  • Completed 2005
  • Built by Cresford Development
  • M5V 2L2
  • MLS District C01 – Waterfront Communities – C1

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Forest Hill Real Estate Inc., Brokerage

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Etobicoke Condos: 3 Michael Power Pl, Palais at Port Royal Place Condos

3-Michael-Power-Pl-Palais-at-Port-Royal-Place-Condos

  • 3 Michael Power Pl.
  • Palais at Port Royal Place Condos
  • Condo amenities include 24 hour concierge, swimming pool, sauna, party room, gym, billiards room, theatre room, walk to Trendy Islington Village .
  • TSCC/2226
  • Location: Etobicoke, Islington and Bloor.
  • 30 Story Condo Tower
  • Completed 2009
  • Built by Pemberton Group
  • M9A 0A2
  • MLS District W08 – Islington-City Centre West

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

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Yorkville Condos: 55 Prince Arthur Ave, The Address Condominiums

55-Prince-Arthur-Ave-The-Address-Condominiums

  • 55 Prince Arthur Ave
  • The Address Condominiums
  • Walk to Yonge and Bloor TTC,  Luxury Shopping and Restaurants in Yorkville, Starbucks, Galleries and the Museum.  Amenities include concierge, rooftop deck and garden, indoor pool, exercise room and party/meeting room
  • Walk Score 98, Transit Score 100
  • MTCC/717
  • Location:  Yorkville, Bedford and Bloor.
  • 12 Story Condo Tower
  • Completed 1985
  • M5R 1B3
  • MLS District C02 – Annex

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GREATER TORONTO REALTORS® REPORT LATEST MONTHLY RESALE MARKET FIGURES

TORONTO, April 3, 2014 – Toronto Real Estate Board President Dianne Usher announced that Greater Toronto Area REALTORS® reported strong year-over-year increases in TorontoMLS home sales and the average selling price in March 2014. Home ownership affordability, backstopped by low borrowing costs, continued to be a key factor underlying this growth.

A total of 8,081 sales were reported in March 2014 – up by 7.2 per cent in comparison to March 2013.  Sales growth was much stronger in March compared to the first two months of the first quarter. Sales for Q1 as a whole were up by three per cent compared to the first three months of 2013.

“Sales activity in the GTA accelerated last month. Compared to last year, a greater number of buyers  found affordable home ownership options, as evidenced by sales growth for all major home types.  Against this backdrop, however, overall inventory at the end of March remained lower than last year. This means competition between buyers increased, which is why the average selling price continued to climb,” said Ms. Usher.

The average selling price for March 2014 sales was $557,684 – an increase of almost eight per cent compared to the average reported for March 2013. The average price for the first quarter of 2014 was up by 8.5 per cent year-over-year.

“With borrowing costs remaining low, and in fact declining, strong home ownership demand will continue to butt up against a constrained supply of listings. Strong price growth will be the result for the remainder of 2014. If the pace of price growth experienced in the first quarter is sustained, TREB may revise its outlook for the average selling price,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Toronto-Real-Estate-Market-April-2014-Update

Source: Toronto Real Estate Board (TREB)

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