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

Urbanation launches new UrbanRental Report

The level of investor activity in Toronto's condominium apartment market has skyrocketed! A need for condominium rental data has emerged and again we've got the answers. UrbanRental will track apartment rental rates and market trends throughout the Toronto CMA and publish results quarterly. UrbanRental is the definitive tool for developers, apartment owners, investors, builders, and lenders ... anyone in the rental apartment business. Find out more

Toronto Home Prices: Are We in a Real Estate Bubble?

Has the GTA condo market peaked?

March 20, 2011

Alfredo Romano steps up to a computer screen that looks like a giant iPad and starts tapping away. “Look at this” says the developer with a wide grin. The computer is showing a floor plan of a condominium. Another tap. A simulated walk through of the unit. He taps again. The actual view from the unit pops up. “This is really cool.” more

Living in the GTA: Ben Myers Interview

 
 
   


In this issue

Market Overview

The 6,070 new condominium apartment sales in Q1-2012 were the highest of any first quarter on record for the Toronto CMA, however the average of 18.0 sales per project was lower than Q1-2011 (18.3), Q1-2010 (20.4) and Q1-2002 (23.6). Another record was set in Q1-2012 for active projects (338) and total active universe (84,698 units).

New Condominium Market

A total of 29,059 new condominium units have sold over the past 12 months in the Toronto CMA. Trepidation among players in the industry has never been higher, but neither have sales, with the 6,070 new sales in Q1-2012 setting a new record for the first quarter.

The Resale Condominium Market

Although the resale condominium universe continues to grow each quarter, reaching 219,019 units in Q1-2012, quarterly volume has not grown exponentially with market size. A total 3,888 resale transactions occurred in the first quarter, a 2.5% drop from Q4-2011 (3,987 resales) and 1.6% lower than Q1-2011's 3,952 resales.

Future Condominium Projects

As many as 42 projects and 11,109 units could launch in Q1-2012, with 27 of those projects located in the '416' area. As many as 35,000 units could come to market in 2012, which would represent a high for the Toronto CMA (over last year's total of approximately 28,000).

Urbanation

New openings for April 24, 2012:

  • Sixty Colborne
  • PSV - Posh Style Vibe
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