• 50 Lynn Williams St.
• Battery Park Condos
• M6K 3R9
• TSCC/1817
• 24 Storey high rise condo building
• Completed in 2006
• Built by Monarch Group
• Located at Strachan and King St. W, Liberty Village, Downtown Toronto

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“Market conditions were anything but uniform in 2010. We went from super-charged sales activity during the first four months of the year, to a marked drop-off in transactions in the summer and then in the fall saw sales climb back to levels that are sustainable over the longer term,” said TREB President Bill Johnston.

“New Federal Government-mandated mortgage lending guidelines, higher borrowing costs and misconceptions about the HST caused a pause in home buying in the summer. As it became clear that the HST was not applicable to the sale price of an existing home and buyers realized that home ownership remained affordable, market conditions improved,” continued Johnston.

The average home selling price in 2010 was $431,463 – up nine per cent in comparison to the 2009 average selling price of $395,460. In December, the average annual rate of price growth was five per cent.

“At the outset of 2010, we were experiencing annual rates of price growth at or near 20 per cent. This was the result of extremely tight market conditions coupled with the fact that we were comparing prices to the trough of the recession at the beginning of 2009,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

“Balanced market conditions in the second half of 2010 resulted in more moderate home price appreciation,” continued Mercer. “Expect the average selling price to grow at or below five per cent in 2011. With this type of growth, mortgage carrying costs for the average priced home in the GTA will remain affordable for a household earning an average income.”

Home sales in the GTA were spread across a number of different housing types in 2010. Detached homes accounted for 49 per cent of total sales. Condominium apartments accounted for an additional 25 per cent per cent of sales. Other housing types including townhomes and semi-detached houses accounted for the final 26 per cent. In some areas like TREB’s central districts the mix was quite different, with condominium apartments accounting for 61 per cent of total sales.

“Ownership housing is available in a diversity of types and price points across the GTA, allowing plenty of choice for first time buyers and experienced home buyers alike. This housing diversity is one factor that continues to make the GTA a popular choice for households and businesses,” concluded Johnston.

Source: TREB (Toronto Real Estate Board)

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• 18 Harbour St.
• Success Tower Condos
• M5J 2Z7
• TSCC/2030
• 53 Storey high rise condo building
• Completed in 2009
• Built by Pinnacle International
• Located at Bay and Queens Quay., Downtown Toronto

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TORONTO, December 16, 2010 — Greater Toronto REALTORS® reported 2,509 sales through the Multiple Listing Service® (MLS®) during the first two weeks of December 2010.

This represented a 19 per cent decrease compared to the 3,079 sales recorded during the same period in December 2009. Year-to-date sales amounted to 84,316 – down one per cent from the 2009 total of 84,888.

“While off the 2009 record, the level of December transactions remains strong from a historic perspective. The number of transactions in 2010 will be the third highest on record,” said Toronto Real Estate Board President Bill Johnston.

The average price for December mid-month transactions was $435,225 – up three per cent compared to the average of $423,103 recorded during the first 14 days of December 2009.

“Market conditions remain tight enough to support moderate growth in the average selling price. Expect the three per cent annual rate of growth reported for the first two weeks of December to be the norm in 2011,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Source: TREB (Toronto Real Estate Board)

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• 140 Simcoe St.
• University Plaza Condos
• M4H 4E9
• TSCC/1667
• 17 Storey high rise condo building
• Completed in 2004
• Built by Plazacorp
• Located at Richmond and University., Downtown Toronto

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• 1 King St W.
• One King West Hotel and Residences
• M5H 1A2
• TSCC/1703
• 51 Storey high rise condo building
• Completed in 2006
• Built by Stinson Properties
• Located at King and Yonge., Downtown Toronto

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On a month-over-month basis, the seasonally adjusted annual rate of sales increased for the fourth straight month to 88,100. This rate was substantially higher than the July low of 67,900.

“The GTA resale market has tightened since the summer. Healthy market conditions continued to support growth in the average selling price,” said Toronto Real Estate Board President Bill Johnston.

“Sales through the first 11 months of the year were down only marginally compared to the same period in 2009. We remain on track for one of the best years on record under the current TREB market area,” continued Johnston.

The average selling price for November transactions was $438,030 – up five per cent compared to November 2009.

“The average selling price in the GTA is affordable. A household earning the average income can comfortably cover the mortgage payments on an average priced home. Expect the average selling price to grow at a moderate pace over the next year,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Source: TREB (Toronto Real Estate Board)

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http://www.youtube.com/watch?v=c2u44F773iE

• 55, 65 Bremner Blvd.
• Maple Leaf Square Condos
• 50 and 54 Storey high rise condo buildings
• Completed in 2010
• M5J 0A1, M5J 0A6
• Built by Lanterra Developments, Maple Leafs Sports and Entertainment and Cadillac Fairview.
• Located at York St. and Lakeshore Blvd., Downtown Toronto

Amenities at Maple Leaf Square include: Indoor pool, whirlpool, sundeck, exercise room,  Gym, Concierge and guest suites.

Maple Leaf Square is located close to Air Canada Centre, Rogers Centre, Sony Centre, Union Station, Go Train and Bus, Finnancial District, Real Sports Bar, Longo’s in the building, CN Tower, Leon’s, the Path network and other great local amenities.

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• 30 Grand Trunks Cres.
• Infinity Condos – East Tower
• M5J 3A4
• TSCC/1855
• 35 Storey high rise condo building
• Completed in 2007
• Built by The Conservatory Group
• Located at York St and Bremner Blvd., Downtown Toronto

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• 628 Fleet St.
• West Harbour City Condos
• M5V 1A9
• TSCC/2095
• 36 Storey high rise condo building
• Completed in 2010
• Built by Plazacorp
• Located at Bathurst and Lake Shore Blvd W., Downtown Toronto

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