Urbanation. The authoritative source on the Toronto condominium market.
Since 1981, Urbanation Inc. has been actively tracking Toronto’s highrise condominium market. From projects in the planning stages, to new projects in the sales and construction phases, to completed projects trading in the resale market – Urbanation monitors the market’s performance, continuously collecting data and providing economic and statistical analysis to its clients with consummate accuracy.
In the News
In the east end, a hot pocket
June 29, 2009
If you are one of those people always on the lookout for the next big thing, then as far as new condos go it will likely be that area of the city bound by Jarvis to Parliament Streets and from Queen Street south of the Esplanade, give or take a couple of blocks.
Once characterized by its proliferating used furniture and book stores, rooming houses and small pockets of light industry, there were also a handful of mews streets of wonderful turn-of-the-century row houses but not much else to recommend the area to home buyers. more
In this issue
Market Overview
The Toronto Condominium Market has experienced two consecutive quarters of negative growth – a recession by definition. But how long will this slowdown in sales activity last?
New Condominium Market
For the first time in over 10 years, the Toronto CMA new condominium apartment market failed to surpass 1,000 quarterly sales.
The Resale Condominium Market
In Q1-2009 the Toronto CMA resale market shrunk to 2001/2002 sales levels, but unlike the new sale market, resales increased quarter over quarter.
Future Condominium Projects
Given the current economic conditions, the low quarterly sales and the lack of construction financing, Urbanation is expecting just two new project launches in Q2-2009. However, should the market improve, openings could resume in the fall as many sites are ‘ready to go’.
New openings for June, 2009:
- One Cole
- Bellavista Condominiums