New Condos Market - Aug. 2011

If you are a friend of my Facebook, it is not news that we share new condo sales data periodically.  RealNet is the data source.  The August 2011 statistic has become available.

This Aug. is the best Aug. in the last 12 years (the whole Chinese zodiac cycle).  2,011 new GTA high rises were sold.  That is +105% of last August.  We see 18,055 condos sales in the first 8 months.  It is the best performing Jan.-Aug. in the record.  If the trend goes on, 2011 could make new milestone.


Based on the chart above, you can see the remaining inventory (supplies) is at the lowest since 2007.  You also know that 1 Bedroom + Den condo is the configuration with the most sales.

The average GTA new condo price was $580 per sq.ft., +8% from Aug. 2010.  Among 20 GTA submarkets, Bloor - Yonge new condos fetch the highest price, followed by Downtown Core, Yonge - St Clair, Central Waterfront and North Toronto ... etc.  (refer to the chart on the right)


We will make an effort to keep you abreast of the GTA new condo market here.  Should be interested in getting the latest new condo news, write us with your email address, we will include you in the notification list.


GTA is going urban.

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New Condos - YORKVILLE PLAZA, Toronto

As Toronto Star reported, Yorkville is Canada 's most prestigious shopping area.  It is the 20th most expensive retail area in the world.


Imagine... a life set in the midst of all the glamours and vibrance - the centre of a prime cosmopolitan city centre.


Now it is possible.  The New Residences of Yorkville Plaza, Avenue Rd and Bloor St, is the place.  The iconic Four Seasons Yorkville Hotel reincarnated with a contemporary 2-storey glass podium of premium retails; and the tower redressed with iconic precast and glass clad that will alter the building appearance from day to night.

New Condos Project: Yorkville Plaza
Location: 21 Avenue Rd.
Developer: Camrost-Felcorp
Architect: WZMH Architects
Interior Design: The Design Agency
Storeys: 31
Target Occupancy: Sep. 2014



Here are the Features & Finishes. There are various configurations of 1 bedroom unit and a 2 bedrooms type.  The price starts at $333,900 including HST, locker and 6 appliances.

This is the most sought-after location.  All eyes are on the project. If you wish to become an owner of this ultimately cosmopolitan address, CONTACT US for our brokerage has some exclusive suites.

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