Downtown Toronto Luxury Condos

• 65 Harbour Sq.
• Harbour Square Condos
• M5J 2L4
• YCC/510
• 38 Storey high rise condo building
• Completed in 1979
• Located at Bay and Queens Quay W., Downtown Toronto

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• 736 Bay St.
• Conservatory Tower Condos
• M5G 2M4
• MTCC/1085
• 30 Storey high rise condo building
• Completed in 1993
• Located at Bay and College, Downtown Toronto

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• 33 Lombard St.
• Spire Condos
• M5C 3H8
• TSCC/1864
• 45 Storey high rise condo building
• Built by Context Development.
• Completed in 2007
• Located at Adelaide and Church, Downtown Toronto

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Front Entrance to 1 Shaw St, DNA Condos located in the King St W area.

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TORONTO, October 5, 2010 — Greater Toronto REALTORS® reported 6,310 sales through the Multiple Listing Service® (MLS®) in September 2010.

This represented a 23 per cent decrease compared to the 8,196 sales recorded during the same period in 2009. Through the first nine months of the year, sales amounted to 69,069 – up four per cent compared to the first three quarters of 2009.

“The level of sales in the second half of 2010 has been lower, representing a balancing out period following record levels of sales in the latter half of 2009 and first few months of 2010. We remain on track for one of the best years in history for existing home transactions in the GTA,” said Toronto Real Estate Board President Bill Johnston.

The average price for September transactions was $427,329– up five per cent compared to the average of $406,877 reported in September 2009. The average selling price through the first nine months of the year was $429,657. “Resale homes in the GTA remain affordable,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

“It is important to consider the positive impact of declining mortgage rates over the past two decades. Simply considering home prices relative to incomes does not allow for an accurate analysis of affordability,” continued Mercer. “The share of average household income going toward a mortgage payment on the average priced home in the GTA remains within accepted lending guidelines. This is why the average home selling price has continued to grow.”

Source: TREB (Toronto Real Estate Board)

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