South Hill Residences at the Foot of Casa Loma

Toronto: The City that won’t stop Growing

This city is home to 2.5 million people, and is planning for another half-million residents by 2031

The first results of the 2011 census show the downtown Toronto has seen explosive growth.

The census echoes what everyone’s been saying:

Toronto has gone vertical.

Condo Rentals Toronto Q3 2013Due to ever increasing population growth it is said that "almost 0ne-third of GTA households rent the home in which they live."

Toronto’s red-hot condo rental market is showing no signs of cooling down

A total of 6,541 condominium apartments were leased in Q3-2013 on the MLS system, up by 25% in comparison to the third quarter of 2012.

Strong competition between renters for available units has prompted continued upward pressure in average rents, and bidding wars on prime rental units in Toronto are common place

People looking to rent new units in prime downtown locations have increasingly turned to investor-held rental condominium apartments.

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. demand remains so fierce for condo leasing that rents continue to escalate.

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.

Demand for Prime Downtown Condo Rentals Surges

South Hill Residences has a Walk Score of 92 out of 100.

This address is Walker's

Paradise which means daily

errands do not require a car.

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 those who want to remain in the Downtown Core

“If you want to live in central Toronto, you’re going to have to live in a condo. Families will be forced to buy into high-density living. It’s the

natural evolution of a city.”

From Toronto Life Magazine Quoted: Condo mogul Brad Lamb thinks Toronto will soon be exactly like New York

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, based on average U.S.-Global Property Guide’s ranking of the World’s Most Expensive Cities 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