CondoMonde & Design Magazine

13/07/2024

Final release at 10 Prince Arthur by North Drive. Exclusive boutique condos where Yorkville meets the Annex. Starting from $5.6 million 416-966-9993

25/04/2024

26/03/2024

"Explore River & Fifth in Downtown East: Condos from $1.1M, Towns from $1.5M, Penthouses from $1.65M at River and Queen, Toronto. Own with just a 5% deposit!
Experience our luxurious condominium residences that blend outdoor beauty with indoor comfort. Register to Tour Our Model Suite and see the future of urban living. Contact us today!" 416-966-9993

22/02/2024

Following a weak second half of 2023, home sales over the last two months are showing signs of recovery, according to the latest data from the Canadian Real Estate Association (CREA).

Home sales activity recorded over Canadian MLS® Systems rose 3.7% between December 2023 and January 2024, building on the 7.9% month-over-month increase recorded the month prior. While activity is now back on par with 2023’s relatively stronger months recorded over the spring and summer, it begins 2024 about 9% below the 10-year average. (Chart A)

“Sales are up, market conditions have tightened quite a bit, and there has been anecdotal evidence of renewed competition among buyers; however, in areas where sales have shot up most over the last two months, prices are still trending lower. Taken together, these trends suggest a market that is starting to turn a corner but is still working through the weakness of the last two years,” said Shaun Cathcart, CREA’s Senior Economist.

Highlights:

National home sales were up 3.7% month-over-month in January.

Actual (not seasonally adjusted) monthly activity came in 22% above January 2023.

The number of newly listed properties edged up 1.5% month-over-month.

The MLS® Home Price Index (HPI) fell by 1.2% month-over-month but was still up 0.4% year-over-year.

The actual (not seasonally adjusted) national average sale price posted a 7.6% year-over-year increase in January. National gains were once again led by the Greater Toronto Area (GTA), along with Hamilton-Burlington, Montreal, Greater Vancouver and the Fraser Valley, Calgary, and most markets in Ontario’s Greater Golden Horseshoe and cottage country.

The actual (not seasonally adjusted) number of transactions came in 22% above January 2023, the largest year-over-year gain since May 2021. That said, with current activity still running at below-average levels, the double-digit gain was more reflective of the base effect from the comparison to January 2023, which was the worst start to almost any year in the past two decades.

The number of newly listed homes edged up 1.5% on a month-over-month basis in January, although it remains close to the lowest level since last June.

“The market has been showing some early signs of life over the last couple of months, probably no surprise given how much pent-up demand is out there,” said Larry Cerqua, Chair of CREA. “There’s a consensus that the market will probably look quite a bit different this year compared to 2022 and 2023, so if you’re hoping to buy or sell a property in 2024, contact a REALTOR® in your area and get your game plan ready today,” continued Cerqua.

With sales up by more than new listings in January, the national sales-to-new listings ratio tightened further to 58.8% compared to under 50% just three months earlier. The long-term average for the national sales-to-new listings ratio is 55%. A sales-to-new listings ratio between 45% and 65% is generally consistent with balanced housing market conditions, with readings above and below this range indicating sellers’ and buyers’ markets respectively.

There were 3.7 months of inventory on a national basis at the end of January 2024, down from 3.8 months at the end of December and 4.1 months at the end of November. The long-term average is about five months of inventory.

The Aggregate Composite MLS® Home Price Index (HPI) fell by 1.2% on a month-over-month basis in January 2024. This represented an acceleration from the 1.1% decline recorded in December.

Price declines of late have been predominantly located in Ontario markets, particularly the Greater Golden Horseshoe and, to a lesser extent, British Columbia. Elsewhere in Canada prices are mostly holding firm or in some cases (Alberta and Newfoundland and Labrador) continuing to climb.

The Aggregate Composite MLS® HPI was up 0.4% on a year-over-year basis in January 2024, little changed from readings over the last six months (0.4% - 1.1%). (Chart B) The actual (not seasonally adjusted) national average home price was $659,395 in January 2024, up 7.6% from January 2023.

10/02/2024

Yorkville Realty yorkvillerealty.com

04/12/2023

The Grand's newest release. Indulge in a selection of spacious suites, designed for any lifestyle. Don't miss out on competitive pricing for luxury living. Register Now for Exclusive Early Access! 416-966-9993

19/05/2023

Luxury Apartment Tour San Diego Real Estate The Merian

18/05/2023

Condominiums.com

18/05/2023

The Quay Quarter Tower is a skyscraper located at 50 Bridge Street, Sydney, Australia. Originally built as the AMP Centre in 1976, the structure underwent a redevelopment from 2018 to 2021 which increased its height, incorporated additional floorspace, and modernised the tower’s entire form and de...

09/05/2023

Toronto

27/10/2022

Exchange Signature Residences is the fourth and final tower at Exchange District and the last opportunity for elite living in downtown Mississauga. Enjoy sophisticated finishes in this best-in-class location, built by a trusted developer, while surrounded by a world of urban amenities at your door.

27/10/2022

Inquire Today

11/09/2022

, Boston's New Luxury Skyscraper

11/06/2022

Designed by Danish architects 3XN the unique silhouette of adds a fresh visual appeal to the waterfront skyline. A feat of art and engineering, the innovation seeps inward into every feature and amenity inside.

21/02/2022

Toronto REALTORS, we are hiring. YORKVILLE REALTY 416-966-9993 YorkvilleRealty.com

21/02/2022

YORKVILLEREALTY.COM is hiring residential and commercial sales representatives.

22/01/2022

https://condominiums.com/properties/275555-Apartment-1-St-Thomas-Street-Toronto-Ontario-M5S2B7-2-Bedrooms-3-Bathrooms-USD3-580-000/

Distinguished Address In The Heart Of Yorkville Neighbourhood, Designed By World Renowned Architect Robert Stern Of New York. A Beacon Of Timeless Grandeur. 2,020 Sf Immaculate Finishes & Details. Soaring Coffered Ceilings. Living Rm Gas F/P. Spacious Primary Bdrm W/ Full-Size Dressing Rm. Wealth Of...

07/12/2021

https://condominiums.com/toronto-condo-market-report-november-2021/

28/09/2021

14/07/2021

https://condominiums.com/properties/148084-Apartment-501-Adelaide-Street-Toronto-Ontario-M5V1T4-2-Bedrooms-2-Bathrooms-USD899-900/?fbclid=IwAR0lTlvcWDW8AGNIhKjlQAXqFNPoMmiD-WF7WzqmdZ7PMT0vGckVWVorwyg

In The Heart Of King West...This 2 Bedroom/2 Bathroom Split Plan Is Function At Its Finest. Large Living/Dining With Walkout To The Cute Balcony. Engineered Hardwood And Thoughtful Upgrades Throughout. Full Sized Kitchen With Island Storage And Bar Counter Gives Room To Move And Create. One Of The M...

02/05/2021

25/04/2021

https://condominiums.com/properties/55598-Apartment-15-McMurrich-St-Toronto-M5R3M6-2-Bedrooms-2-Bathrooms-USD1-199-000/

Luxury Living In Yorkville For An Unbelievable Price. Stupendous Space Over 1,500 Sqft Completely And Tastefully Renovated. Showpiece Design With Dazzling Gold Sprinkles In The Tiles, Hardware And Faucets. Open Concept Living And Dining Overlooking Alley Kitchen With Custom Built-In Applianc. Terrac...

23/04/2021

https://condominiums.com/the-weeknds-la-penthouse/

The Weeknd’s LA penthouse. 1200 Club View Dr, Los Angeles, CA 90024 The Weeknd buys a penthouse in Westwood’s Beverly West for $21 million. After recently selling his luxurious Hidden Hills mansion to Madonna, Grammy Award-winning singer and record producer The Weeknd now resides in a jaw-droppi...

07/09/2020

07/09/2020

B-Architecten Draws on Modernist Archetypes for Remodel of 1930's Belgian House.