The median price of a downtown condo for the month of July was the highest it's ever been at $405,000.
Also very significant is the number of condos sold in July was the second highest we've ever seen as you can see in the graph below. (C01 district).
The supply/demand ratio has pushed higher, getting a little closer to favour a Seller's Market.
The most interesting condo news is that they've finally decided what to do with the old warehouse at the corner of Lakeshore and Bathurst:
Because the warehouse is considered a heritage building, they're going to dismantle all 100,000 bricks and stones and re-use them in the new structure. The mixed-use site will include seven storeys of retail and office space totaling 245,000 square feet, including a 50,000 square foot Loblaws store, as well as two condominium towers: one at 37 storeys and another at 41 storeys.
I hope that all the owners in the neighbourhood welcome the news and will benefit from the improvement.
Also very significant is the number of condos sold in July was the second highest we've ever seen as you can see in the graph below. (C01 district).
The supply/demand ratio has pushed higher, getting a little closer to favour a Seller's Market.
The most interesting condo news is that they've finally decided what to do with the old warehouse at the corner of Lakeshore and Bathurst:
Because the warehouse is considered a heritage building, they're going to dismantle all 100,000 bricks and stones and re-use them in the new structure. The mixed-use site will include seven storeys of retail and office space totaling 245,000 square feet, including a 50,000 square foot Loblaws store, as well as two condominium towers: one at 37 storeys and another at 41 storeys.
I hope that all the owners in the neighbourhood welcome the news and will benefit from the improvement.