Toronto: The City that won’t stop Growing • This city is home to 2.5 million people, and is planning for another half-million residents by 2031 • The first results of the 2011 census show the downtown Toronto has seen explosive growth. • The census echoes what everyone’s been saying: • Toronto has gone vertical.
Toronto’s red-hot condo rental market is showing no signs of cooling down • A total of 3,919 condominium apartments were leased in Q1-2013 on the MLS system, up by 31% from a year ago. • Strong competition between renters for available units has prompted continued upward pressure in average rents. • People looking to rent new units in prime downtown locations have increasingly turned to investor-held rental condominium apartments.
Toronto’s red-hot condo rental market is showing no signs of cooling down • Over the past two years, rents have risen by more than 10%, equal to an additional $170 per month or 23 cents per square foot on average. • Demand for renting condos has heated up with less first-time buyers. Rental transactions have exceeded resale volumes in the condo market since mid-2012 • Investors are increasingly choosing to hold their units rather than flip them for sale. Press Release: 2013 by Urbanation Canada’s leading condominium market research company.
90 Broadview has a Walk Score of 97 out of 100. This address is Walker's Paradise which means daily errands do not require a car.
The 'Manhattanization' of Toronto • 83.4% of people in New York City live in Condos or Apartment Buildings. • In Toronto, prices for single detached homes and townhomes are projected to go up 30% to 50% in the next decade. • Condo living is sure to be the default housing option for those who want to remain in the Downtown Core
From Toronto Life Magazine Quoted: Condo mogul Brad Lamb thinks Toronto will soon be exactly like New York “If you want to live in central Toronto, you’re going to have to live in a condo. Families will be forced to buy into high-density living. It’s the natural evolution of a city.”
Toronto VS. The World Just how expensive—or not—is it to buy a condo in Toronto? The city sits at No. 15 out of 94 on the, based on average U.S.-Global Property Guide’s ranking of the World’s Most Expensive Cities dollar. Prices per square foot of centrally located condominiums (assuming a 550 square feet—one-bedroom unit): Price in Toronto: $385,000 CHEAP compared to… Monaco$3,056,270 London $1,194,000 Hong Kong $839,000 Tokyo $658,000 New York $615,000