The Toronto Real Estate Board announced that average rents for one-bedroom and two-bedroom condo and loft rental units were up well above the rate of inflation on a year-over-year basis in the first quarter of 2018. The average rent for one-bedroom Toronto condo or loft was up 11.4% on an annual basis to $1,995. The average two-bedroom Toronto condo or loft rent was up by 9.1% over the same time period to $2,653. Toronto continues to be one of the most desirable locations to live in the world and will remain so over the long term. As people have moved to Toronto to take advantage of quality employment opportunities ...
Above-Inflation Rent Increases Continue in Q1 2018
April 25, 2018Investing in Real Estate Market Reports Toronto Condo Information Toronto Condo Market News Toronto Condo News Toronto Real Estate News Toronto Rental Market
VIP Broker Sales Underway for Prestige Condos - Pinnacle One Yonge
February 16, 2018Downtown Toronto Condos Investing in Real Estate Luxury Condos New Construction Projects New Toronto Condos Toronto Condo Buyers Toronto Condo Listings Toronto Condo News VIP Broker Events
A legendary address encounters a vision that launches Toronto's most desirable lakeside location in the world. Holistically designed, visionary in its scope, Pinnacle One Yonge will reflect its prestigious nature through its sophisticated and diverse community that lies at the heart of this work-play-shop and enjoy life neighbourhood. The Prestige Condos at Pinnacle One Yonge is a new condo development by Pinnacle International located at 1 Yonge Street, Toronto. This development is scheduled for completion May in 2022. VIP Broker pricing for available units range from $619,900 to over $2,899,900. Available units at the Prestige Condos at Pinnacle One Yonge range in size from 518 to 1,873 ...
Strong Average Rent Growth Continued in Q4 2017
January 25, 2018Investing in Real Estate Market Reports Toronto Condo Information Toronto Condo Market News Toronto Condo News Toronto Lofts Toronto Real Estate News Toronto Rental Market
The Toronto Real Estate Board reported that average rents for one-bedroom and two-bedroom condos and lofts were up very strongly on a year-over-year basis in the fourth quarter of 2017. The average rent for a one-bedroom condo or loft was up by 10.9% on an annual basis to $1,970 in Q4 2017. The average two-bedroom condo or loft rent was up by 8.8% over the same period to $2,627. As the population in the GTA continues to grow, so too does the demand for rental accommodation. The problem is that rental supply has not kept up with the increase in demand in recent years. The result has ...
Strong Growth in Average Rents in Q2
July 28, 2017Investing in Real Estate Market Reports Toronto Condo Information Toronto Condo Market News Toronto Condo News Toronto Real Estate News
The Toronto Real Estate Board announced the continuation of very tight conditions in the condominium apartment rental market in the second quarter of 2017. The number of rental transactions reported remained in line with Q2 2016, levels while the number of units listed at some point during the quarter declined year-over-year. Average annual rates of rent growth for one and two bedroom condos were over 8%. The Greater Toronto Area continues to be a very attractive place to live for many people, some of whom choose to rent. While rental demand remained very strong from a historic perspective in the second quarter, the supply of ...
VIP Broker Sales Underway at Time and Space Condos
June 25, 2017Downtown Toronto Condos Investing in Real Estate New Construction Projects New Toronto Condos Toronto Condo Buyers Toronto Condo Listings VIP Broker Events
Time and Space Condos is a great new condo project located at Front and Sherbourne, situated between Toronto’s historic St. Lawrence Market and The Distillery District. Pemberton Group presents downtown’s most-anticipated new condo project – Time and Space Condos. Encompassing an entire city block, Time and Space will transform this landmark location and offer residents a vibrant future. Exclusive amenities include a fitness centre, theatre, party room, games room, outdoor dining, outdoor games, pool with cabanas and a landscaped courtyard. VIP sales are underway for Phase 2. Phase 1 has already sold out, and this is a fantastic opportunity for ...
Q2 Rental Market Figures Released
August 14, 2016Investing in Real Estate Market Reports Toronto Condo Information Toronto Condo News Toronto Real Estate News Toronto Rental Market
The Toronto Real Estate Board announced that despite a decline in the number of condominium apartments listed for rent in the second quarter of 2016, the number of condo apartments rented remained similar on a year-over-year basis – down by only 2.7% compared to the second quarter of 2015. Investor-held condo apartments remained an important component of the overall rental supply in the GTA. The average one-bedroom condominium apartment rent was $1,710 per month in the second quarter – up by 6.4% compared to the same period in 2015. The average two-bedroom rent was up by 4.1% year-over-year to $2,330. Year-to-date, total condominium apartment completions ...
Pre-Construction Condos: Should You Use a Realtor?
August 1, 2016First-Time Buyers Investing in Real Estate New Construction Projects New Toronto Condos New Toronto Lofts Real Estate Tips Toronto Condo Buyers Toronto Condo Information
Should you use a realtor when buying a new pre-construction condo? The answer for this is a definite YES. I specialize in helping buyers navigate through the complicated process of buying new condos. There are many pitfalls and disadvantages of buyers going it alone when dealing with the builders’ sales staff. Above all else, realize that the builder’s sales team works for the builder and only the builder. That is where their loyalties lie. They simply have zero interest in protecting you or your rights, or in getting you the best deal or best location within the building. By using a pre-construction condo ...
Distinction Condos - VIP Broker Sales
May 30, 2016First-Time Buyers Investing in Real Estate Midtown Toronto Condos New Construction Projects New Toronto Condos Toronto Condo Buyers Toronto Condo Listings VIP Broker Events
The Distinction Condos is a great new project located at Yonge and Eglinton. Lash Group of Companies is developing this brand new project in Midtown Toronto. Sitting a few blocks west of Mount Pleasant Road and just one block south of Eglinton, this is the place a discerning few will soon call home. Distinction Condos looks out over quiet residential streets and is just a five-minute walk from the thriving corners of Yonge and Eglinton. A short stroll from Distinction Condos takes you to all the stores, restaurants and convenient transit options this neighbourhood offers. The Distinction Condos is 19 storeys, with ...
Rental Prices a Casualty of the Hot Housing Market
April 29, 2016Investing in Real Estate Market Reports Toronto Condo Information Toronto Condo News Toronto News Toronto Real Estate News Toronto Rental Market
The effect of a red-hot housing market is having a wide-reaching effect in Toronto, where more millennials are delaying homeownership as prices continue to rise. A Bank of Montreal report released Tuesday shows while 60% of millennials surveyed are tired of paying rent, about 70% are willing to delay homeownership until they can afford what they really want. In the meantime, the rental market in Toronto is becoming increasingly competitive. According to the Toronto Real Estate Board, the average condo rentals in Toronto for the first quarter of 2016 were: Bachelor, $1,376 – a 3.8% year-over-year increase One-bedroom, $1,662 – a 4.8% year-over-year increase Two-bedroom, $2, 375 – a ...
Robust Average Rent Increases in Q1
April 26, 2016Investing in Real Estate Market Reports Toronto Condo News Toronto Real Estate News Toronto Rental Market
The Toronto Real Estate Board reported 6,458 condominium apartment rental transactions for the first quarter of 2016. This result represented a year-over-year increase of 6.5% compared to the first quarter of 2015. “It’s not just the home ownership market that is tight in the Greater Toronto Area. Demand for condominium apartment rentals remained very strong relative to available listings. As a result, strong competition between renters prompted very strong growth in average rents, particularly for the popular one bedroom and two-bedroom apartment categories,” said TREB President Mark McLean. The average one-bedroom apartment rent was $1,662 in the first quarter – up 4.8% compared to ...