The Thompson Residences

A total of 3,919 condominium apartments were leased in Q on the MLS system, up by 31% from a year ago. A total of 3,919 condominium apartments were leased in Q on the MLS system, up by 31% from a year ago. Strong competition between renters for available units has prompted continued upward pressure in average rents. Strong competition between renters for available units has prompted continued upward pressure in average rents.

Toronto’s red-hot condo rental market is showing no signs of cooling down  Over the past two years, rents have risen by more than 10%, equal to an additional $170 per month or 23 cents per square foot on average.  Demand for renting condos has heated up with less first- time buyers. Rental transactions have exceeded resale volumes in the condo market since mid-2012  Investors are increasingly choosing to hold their units rather than flip them for sale. Press Release: 2013 by Urbanation Canada’s leading condominium market research company.

The 'Manhattanization' of Toronto In Toronto, prices for single detached homes and townhomes are projected to go up 30% to 50% in the next decade. 83.4% of people in New York City live in Condos or Apartment Buildings. Condo living is sure to be the default housing option for those who want to remain in the Downtown Core

“If you want to live in central Toronto, you’re going to have to live in a condo. Families will be forced to buy into high-density living. It’s the natural evolution of a city.” From Toronto Life Magazine Quoted: Condo mogul Brad Lamb thinks Toronto will soon be exactly like New York

Toronto VS. The World Just how expensive—or not—is it to buy a condo in Toronto? The city sits at No. 15 out of 94 on the, based on average U.S.-Global Property Guide’s ranking of the World’s Most Expensive Cities dollar. Prices per square foot of centrally located condominiums (assuming a 550 square feet—one-bedroom unit): Price in Toronto: $385,000 CHEAP compared to… Monaco $3,056,270 London $1,194,000 Hong Kong $839,000 Tokyo $658,000 New York $615,000