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Old Posted Mar 6, 2014, 7:27 AM
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caltrane74 caltrane74 is online now
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Join Date: Aug 2002
Location: Toronto
Posts: 33,853
Apparently, the supply of single-family-detached housing has become constrained in Toronto, and there was sales growth of only 2.5% in Toronto for February. Meanwhile, in the condo market where there is no supply constraint, sales were up 12.5% in February year-over-year. The cost of a single family detached house in Toronto is now $935,000 dollars, second only to Vancouver in terms of average cost. (Vancouver - $1.395 million per single family detached house) Average cost of housing in Toronto (all types) is now at $500,000.

That may account for some of the brisk business we've been seeing for the Big Yonge Street Condo Projects.. 1 Yorkville, YC Condos, Core Condos, Yonge and Rich, (20 Lombard), etc, etc,
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