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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

More Supply Equals Moderate Price Growth in Q1

April 18, 2012 -- Greater Toronto REALTORS reported 5,027 condominium apartment transactions in the first quarter of 2012.  This result was up by two per cent in comparison to the first quarter of 2011.  Over the dame period, the number of new listings of condominium apartments was up by 14 per cent.

"Wiith slaes increasing moderately year-over-year and listings growing strongly, the condo apartment market became better supplied in the first quarter.  With more choice for buyers in the condo market segment compared to the low-rise segment, the average selling price for codnos grew at a slower pace in comparison to some low-rise types including detached homes," said Toronto Real Estate Board President Richard Silver.

The average selling price for condominium apartments in the first quarter of 2012 was $334,952 - up by 3.7 per cent from $322,857 in teh first quarter of 2011.

"Condominium apartment completions were at the highest level ever in 2011.  As projects completed, some units held by investors were listed for sale.  As a result, it is not suprising that we saw more moderate rates of price growth in the first quarter.  However, teh fact that anuual price growth ramined above the rate of inflation is testament to the fact that demand remains strong for this home type, " said Jason Mercer, TREB's Senior Manager of Market Analysis.

Tight Market Drives Strong Q1 Rent Increases

April 18, 2012 -- Greater Toronto REALTORD reported 3,804 leased condominium apartment transactions in the first quarter of 2012, up 11 per cent from the 3,422 units rented during the first three months of 2011.  The number of condominium apartments listed for rent on the TorontoMLS system during the first quarter was also up, but by a lesser four per cent to 7,096 units.

"There have been very few purpose-built rental buildings completed in the GTA over the past few years.  This means that households looking to rent an apartment with modern finishes and amenities have been focusing on condominium apartments rented out by investor owners," said Toronto Real Estate Board President Richard Silver.

"Condominium apartment vacancy rates, as reported by CMHC, were down in 2011 and it looks as if this trend is continuing with growth in lease transactions outstripping growth in listings," continued Silver.

Average one-bedroom and two-bedroom condominium apartment rents increased at annual rates above inflation, at four and seven per cent respectively.

"Tighter rental market conditions played a key role in the strong annual average rent increases.  However, a lot of condominium apartment projects were completed over the last year.  Some owners chose to list their units for rent.  Newly completed untis benefiting from the latest trends in finishes and amenities could have arguably commanded higher rents compared to older units.  This factor likely played a role in strong year-over0year average rent increased as well," said Jason Mercer,  TREB's Senior Manager of Market Analysis.