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
Early Indicators of Affordability Crunch Materialize
September 8, 2007
Following the 9th consecutive quarter of index price increases, the erosion of affordability for the average consumer has been called into question. In order to determine ‘affordability’ from a consumer perspective, Urbanation has been tracking changes in the required income to purchase a typical 700 sf condominium unit in the Toronto CMA based on overall average index prices...more
In this issue
Market Overview
Bad weather or a market slowdown – how many times have you read that already? With the results in for the first quarter of 2008, this question appears to be more relevant for the low rise market than the high rise market.
New Condominium Market
The new condominium apartment market was still on pace with record-setting 2007 in Q1-2008, as sales were virtually unchanged from Q1-2007.
The Resale Condominium Market
There was a slight cooling in the resale market as 2,969 resale condominium apartments sold, the lowest quarterly sales total in the past two years.
Future Condominium Projects
Urbanation expects Q2-2008 to perform better than Q1-2008 (3,433 sales) given that there will likely be twice as many new openings in the quarter (Q1-2008 - 10 openings).
New openings for May 6, 2008:
- The Mansions at Jarvis & Bloor
- Portrait Condominiums