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2006.11.12. TORONTO CONDO SHOW @ Metro Convention Centre (Nov 10-12th)
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| cono_sur |
| Nice. Although - I may already have one by then. |
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| MarkT |
and for all you condo shoppers...PM me when you need a mortgage ;)
I'm not buying until next summer, most likely...but I will go check this out and bring a stack of business cards with me :D |
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| Fir3start3r |
Detached Single Family Homes FTW!
Jokin'....
I would have probably gone a year or so ago but now with the baby on the way...*sigh* |
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| Orko |
| Here comes the crash! |
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| dEsidEL |
| quote: | Originally posted by Orko
Here comes the crash! |
seriously i'm hoping .. then it'd be a buyer's market ..
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| MarkT |
^^^ me too, but I'll believe it when it happens...
October is going to be my best month ever here...by 20%.
"crash"? whatever...not going to happen.
correction? yes.
We should see slower appreication on condos and a healthy supply of resale condos in the not-to-distant future...supply is still being met my demand...go to most new developments and see how fast the units are being gobbled up...it's ridiculous!
Calgary and Edmonton seems to be worse, btw...people have lined up OVERNIGHT for grand openings, lol! |
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| magikb |
| quote: | Originally posted by MarkT
^^^ me too, but I'll believe it when it happens...
October is going to be my best month ever here...by 20%.
"crash"? whatever...not going to happen.
correction? yes.
We should see slower appreication on condos and a healthy supply of resale condos in the not-to-distant future...supply is still being met my demand...go to most new developments and see how fast the units are being gobbled up...it's ridiculous!
Calgary and Edmonton seems to be worse, btw...people have lined up OVERNIGHT for grand openings, lol! |
Exactly!
In Alberta and BC the values for properties are through the roof. I know a few employees with my company that have been promoted and have moved out there. It definitely is not cheap. You could bet it is even more expensive than Toronto atm.
I may seriously go check this out. I am still undecided as to what I want to do about my living situation. (stay in KW or move to TO that is) |
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| MarkT |
http://www.thestar.com/NASApp/cs/Co...l=1010666657183
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September condo sales increase
Oct. 21, 2006. 01:00 AM
THERESA BOYLE
REAL ESTATE REPORTER
Last month was the strongest September in the last five years for condo sales in the Greater Toronto Area, according to the association representing GTA builders.
There were 1,419 new condos sold last month, up 13 per cent from last year.
But low-rise sales are going in the opposite direction, with 1,623 homes sold last month, down 14 per cent from September last year.
"The low-rise home and highrise condo markets continue to trend quite differently," said Desi Auciello, president of the Greater Toronto Home Builders' Association — Urban Development Institute.
"As we've seen in previous months, people are choosing condominium apartment living outside the city of Toronto, particularly in Peel and York regions," Auciello added, noting the highrise sales spiked an astronomical 300 per cent in York Region.
Through the first nine months of the year, there have been more than 30,000 new homes and condos sold in the GTA, putting the industry on track for the seventh consecutive year of 40,000 or more new home sales.
For September, low-rise homes took 53 per cent of the market while highrise apartments accounted for a 47 per cent market share. So far this year, low-rise homes have accounted for 55 per cent of all new home sales, with highrise making up for the rest.
The low-rise new home price index sits at $392,893 while the highrise price index is at $317,896.
The index is essentially the average asking price of all the remaining new homes and condos available for sale. The new home price index is based on available new homes, weighted by remaining inventory, for projects of 15 or more units, excluding ultra-luxury homes, in the GTA. |
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| magikb |
Hey Mark,
Are you a mtg broker? Or do you work for a company as a specialist? |
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| MarkT |
I'm a specialist with PC Financial Mortgages (which is wholly owned by CIBC Mortgages)...have been there for 3.5 years now.
I'm debating going the broker route...it's the months of making little to no money while you build up a client base that is not terribly appealing though, lol. |
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| magikb |
I'm an Account Executive in the financial world myself which is why I asked :)
I thought about getting into the broker side myself once upon a time, but the fact that you pretty much need to have enough money saved for your first 6 months cuz you won't make much at all destroyed that thought for me.. lol |
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