Vu Condos from Adelaide

Vu Condos from Adelaide



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Toronto Condo Market Remains Steady into 2013

• This photo from Adelaide and Jarvis 

Toronto’s population growth supports Condo Construction:

Toronto’s population growth is supporting further construction growth, as Toronto receives some 100,000 new people and residents a year.  So while Toronto’s Growth in percentage terms is less than Calgary’s or Edmonton’s Growth, we are growing into a huge city in absolute numbers. Where as Montreal in the 1960’s had to watch and ensure Toronto did not pass it in population, Toronto now has no such concern. Toronto is so far ahead of the second city (Montreal) and we are growing so much faster than Montreal, we likely will never be overtaken in population by any city in Canada for at least 100 and even then its only getting interesting.  Toronto can support huge condo projects right now, and in the future, the money is flowing in, the talk of a condo bubble increases, however nothing occurs. 

Condo Sales Down 7% from Historic Average for November 2012


RealNet.ca stated that condo sales in the GTA were down just 7% in November, from their historic average compared to the long term sales of condos in the GTA. However compared to last year, which was a record year for condos, sales were down 59%. Although last year one must remember that there were a record 28,0000 condo sales in the Toronto area for the year. Condo Sales in the GTA were raised by the almost sellout performance of Tridel's Ten York development which has rocked the condo community back into action with it's sales performance. They sold 85% of the 694 units they made available to the public upon release of the development