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TorontoUrbanRealty.com is your connection to the Downtown Toronto Condos and Lofts.  As one of Toronto's most comprehensive real estate guides, created to meet the needs of hip, downtown dwellers, TorontoUrbanRealty.com  strives to make the process easy and enjoyable.  The content of this site has been diligently gathered and carefully customized from variety of sources to present things you really need to know to make an informed decision. 

• Canadian Condos Still The Best Buy for the Future

Most experts and economists continue to forecast a market correction with condos being the most vulnerable. But when you weigh the factors, condos keep coming out on top!

People have less money to spend with rising gas prices taking even money out of consumers’ pockets. So where will people live? Closer commutes and ...read more

• How To Forecast a Drop or Price Correction in Real Estate Prices

Before we get to the ‘how’, we are always surprised at ‘why’ so many people keep calling for a price correction for the real estate market. Most forecasters know that calling for more of the same – stable to rising markets does not sell newspapers, books, and speaking engagements. All the press goes to those who forecast the end of the world. And if a forecaster is ever right then they can get elevated to even greater status. And if they are wrong? They can bring out their dire forecast the next year and the next, until...read more

Strong Condo Sales Growth in Q3 2011

Toronto, October 24, 2011 — Greater Toronto REALTORS® reported 5,770

condominium apartment transactions through the TorontoMLS system in the third quarter of 2011, representing a 24 per cent increase over the same period in 2010.  The average selling price increased by almost nine per cent to $333,352.

“Condominium apartments have accounted for about one‐quarter of total existing home sales in GTA this year.  This share is expected to increase moving forward, as new home sales and construction has become increasingly driven by high-rise construction," said Toronto Real Estate Board President Richard Silver.

In line with new home sales and construction trends over the last few years, condominium apartment completions have been high so far in 2011.  When condo projects reach the completion stage, investors and end users whose housing needs have changed often list their units for sale or rent.  

"The average annual rate price growth remained strong in the third quarter, despite the upward trend in completions and active listings.  This is because the pace of sales remained brisk, keeping sellers' market conditions in place," said Jason Mercer, the Toronto Real Estate Board's Senior Manager of Market Analysis.

Rental Market Summary

Following the trend for condominium apartment completions in the GTA over the past year, the number of rental condominium apartments listed on the TorontoMLS  system increased year-over-year in the May through August reporting period.

While the number of rental units listed increased, the number of rental transactions increased at an even greater rate compared to the same period in 2010.

Average one-bedroom and two-bedroom rents were up by four and five percent respectively compared to last year.  These rent increases are reflective of tighter market conditions relative to 2010.