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Monday , 24 November 2014
  • Strong new home sales in October, prices at record high

    Strong new home sales in October, prices at record high

    The headline on the new home sales press release talks about record-high prices, but the October sales numbers are high as well. The price of a new low-rise home in the GTA hit $694,629 in October, “eclipsing” the previous record, set in September. The number of new low-rise homes sold in October was 1,886, an increase of 27 per cent compared to last year. That number, which includes detached, semi-detached and townhomes across the GTA, is 19 per cent above the ten-year average (1,586). The strong October sales bring the year-to-date total for new low-rise homes to 15,579, an even more impressive increase of 52 per cent over 2013. The numbers are from RealNet Canada, which is the official source of market intelligence for the Building Industry and Land Development Association (BILD). In the high-rise sector, 2,158 sales of new condos represented a “moderate” decrease of 8 per cent compared ... Read More »
  • New Aquavista waterfront condos from Tridel

    New Aquavista waterfront condos from Tridel

    In June of 2013, Toronto condominium developer Tridel Corp. and real estate developer Hines International officially revealed plans for the first residences to be built at the new Bayside community on Toronto’s waterfront. Aqualina at Bayside, a condominium community designed by architectural firm Arquitectonica, will rise on the waterfront location bounded by Sherbourne Common, a new Waterfront Promenade, a new road called Merchants’ Wharf, and Queen’s Quay Boulevard. The new neighbourhood of East Bayfront will contain 3 million square feet of residential and commercial space, all on the water’s edge. As Tridel vice president of sales and marketing, Jim Ritchie, commented at the time, “There are few condominium locations which offer this intimate a connection with Lake Ontario, and fewer still that are as fully integrated into the development of the surrounding area as Aqualina at Bayside Toronto.” Now there is another. Tridel and Hines have just announced the second ... Read More »

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