Harbourfront and International Investors in the Toronto Market
Some people believe that the Toronto Condo Boom, is being fueled by foreign investors that are investing their money from overseas,
locales such as Hong Kong, Iran, Russia, Dubai, and Europe into Toronto as it
has been a rock, during the midst of the Financial Crisis. They for some
reason, do not believe that people want to make the transition to downtown
living. That is what is happening in Toronto, as people make the move to
downtown living, for all the convenience, and amenities that it will provide.
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
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
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