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Blog: CONDO CORNER: Why Costs are Still Climbing The Toronto real estate market is very healthy. The cost of Toronto area re-sale homes has risen consistently for the past 10 years.
Much of this growth occurred building up to the real estate crisis beginning in mid-2007. However, in 2013, that price surpassed the July 2005 pre-recession peak of $501,556 and has been climbing higher since. The median home sale price in the nvar region reached $535,000 in June – the highest month on record.
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What’s Still Wrong With CA Real Estate? The California real estate market has been acting crazy for over a year now. See why prices are way up and inventory is way down.
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At the end of 24 hours this blog had 1000 viewing and Facebook had racked up 3000 viewings! People responded nationwide. What is happening to so many old houses touched a nerve. The count on this blog has exceeded 1200 viewings at this point and still climbing.
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Toronto condo prices are still climbing at the same pace as last year, despite a huge drop in sales, and inventory climbing back to historic levels.
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Condos Coming to NYC’s Long Island City After Rental Boom Dec. 22, 2014 – Bloomberg Business Week After nine years of working on apartment developments in New York’s red-hot Brooklyn, Sam Charney has moved on to a new mission, in a different borough.
More Expensive Developments Condo projects continue to grow in height. Condo towers are now 50+ floors. Those construction projects are not cheap. There is also more demand for the luxury market for downsizing retirees who want the opulent features. All those features come at a cost.