Google+ FANNY LEE & THE TEAM :Own Homes. Grow Wealth. Pass It On.: August 2011

Tuesday, August 23, 2011

New Condos - ESSENTIAL, Markham

Soon in the Williamstown, Bur Oak Ave. & McCowan Rd., the contemporary and sleekly designed ESSENTIAL Condos will stand out in this residential neighbourhood of single homes.

In addition to a full range of indoor as well as outdoor amenities, ESSENTIAL Condos tap into parks, outstanding schools, Williamstown Mall and net of golf courses (Angus Glen, Meadowbrook, Mandarin).

Tuesday, August 9, 2011

Urbanation Reports New Condo Records

Urbanation released their Q2-2011 Toronto CMA condominium market overview.  The market has gained new ground with some very impressive records.

- Q2-2011 sets the new quarterly record in new condo sales: 9,455 new condos sold.  The previous record high is 6,997 units set in Q2-2007. (+35%)

- 24,731 new condos were sold over the past 12 months.  This beats Q4-2007 record of  22,654 units. (+9%)

- 39,196 condos,153 projects, are under construction in Toronto CMA in Q2-2011.

- Only 16% of 78,142 units of 306 active condo projects were unsold at the end of Q2.  It is a record low.

- In Q2-2011. there were 44 new project launches introducing 9,182 units to the market.

- The new condo index price in Toronto CMA went from $529 psf in Q2-2010 to $552 psf in Q2.  (+4.3%)

- The condo resale index price of Q2-2011 is $391 psf as opposed to $370 a year ago.  (+5.7%)

- Rental index saw +5.5% improvement in the past 12 months.

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