The Furnished Suites of Humber River Valley
The Diamond Grand Suites of New Woodbine
Growing up By the numbers
$15 billion: Expected cost of gridlock per year by 2031 (Board of Trade) 9.2 million: Projected GTA population in 2036 (Ministry of Finance) 25: Number of urban growth centres in Greater Golden Horseshoe Region 70% + : Number of people living in
buildings of at least 13 storeys in Toronto and other intensified areas within the GTA
Average price for 2013$523,036 up 5.21% from 2012
6.1% annual increase since 1973
Positive Trends For 2014
• Recovering Economy
• Low Interest Rates
• Toronto Still #1 Destination for Immigrants and International Investors
2006 Government of Canada study of real estate prices for the
next 30 years.
Assumptions
1. Canadian real estate prices will continue to increase faster than inflation.
2. Inflation over the next 30 years would be no more than 2%.
Conclusion
1. Prices would increase by an average of 4% for Canada.
2. Toronto and Vancouver prices will increase by 5%.
0
500000
1000000
1500000
2000000
2500000
1,141,484
1,521,068
351,941
2,021,370
Projected Prices to 2036
Average price for 2013$523,036 up 5.21% from 2012
6.1% annual increase since 1973
Toronto VS. The WorldJust how expensive—or not—is it to buy a condo in Toronto? The city sits at No. 15 out of 94 on the Global Property Guide’s ranking of the World’s Most Expensive Cities, based on average U.S.-dollar prices per square foot of centrally located condominiums (assuming a 550 square feet—one-bedroom unit):
Price in Toronto: $385,000
CHEAP compared to…
Monaco $3,056,270London $1,194,000
Hong Kong $839,000Tokyo $658,000
New York $615,000
Toronto’s red-hot condo rental market is showing no signs of cooling
down
Over the past two years, rents have risen by more than 10%, equal to an additional $170 per month or 23 cents per square foot on average.
Demand for renting condos has heated up with less first-time buyers. Rental transactions have exceeded resale volumes in the condo market since mid-2012
Investors are increasingly choosing to hold their units rather than flip them for sale.
Press Release: 2013 by Urbanation Canada’s leading condominium market research company.
The 'Manhattanization' of Toronto
In Toronto, prices for single detached homes and townhomes are projected to go up 30% to 50% in the next decade.
83.4% of people in New York City live in Condos or Apartment Buildings.
Condo living is sure to be the default housing option for both renters and buyers alike.