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.
It was a honour to be invited to Daniels Platinum Producers Club preview of PAINTBOX. When I shared the news of this exciting project only a couple of blocks east of Eaton Centre, some of the older colleagues said with a frown: "Regent Park?!"
YES! Paintbox is phase 2 of an award winning Regent Revitalization Project (the city plan). During the preview (photos from the event here), the developer unveiled the depth and breath of this 6-phase undertaking. Check out the master scheme below.
The new Regent Park community will feature Regent Park Arts and Cultural Centre (currently being built along with Paintbox), Regional Aquatic Centre and a 6-acre Community Park (Toronto 's Central Park?). The new Recent Park community will take centre stage of a new vibrant and colorful Downtown East.
Project: PaintboxLocation: Dundas St & Parliament StDeveloper: Daniels Corp.Architect: Diamond + Schmitt ArchitectsStoreys & Units: 284 units in 26 storeysStatus: Under ConstructionTarget Occupancy: Commencing May 2012
Features & Finishes (here & here)
Preview Price: $5,000 discount from Public Preview price - Studio from $201,900 - One bedroom from $269,900 - One bedroom + Den from $316,900 - Two bedroom from $355,900 - Two bedroom + Den from $417,900 Floor Plans & Inquiry (email)
Remember, Paintbox is ONLY PHASE 2 of a massive 6-phase complete area transformation. The potential is enormous.
Concord Pacific, #1 Developer in Canada for Sales Volume, is a household name for many. For many who share similar background, we knows that the company has close tie with Hong Kong 's Li Ka-Shing. Concord Pacific is also renowned for Concord Pacific Place in Vancouver, Concord Adex here in Toronto, Concord Gateway in Richmond, Eau Claire in Calgary and Concord Park Place in North York.
Spectra will be a new addition to Concord CityPlace. The "VVIP Select" will take place by private appointment on Sep. 11 and Sep. 12 where potential buyers will get:- a) exclusive preview pricing; and b) up to $10,000 cashback.
New Condos Project: SPECTRA
Tower bachelor and 1-bedroom unit 's preview price is set at around $515-$530 psf, starting $234,300. For the VVIP-Select, the 2-3 bedroom suites are attractively priced at around $480-495 psf.
If you wish to own a condo in downtown within a well developed urban community meticulously planned by a reputable developer; and yet pay at ONLY ABOUT $500 psf, Spectra may be your last call.
Why wait, book a VVIP-Select appointment for coming Sunday and Monday before the VIP sale.
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.
