Canadian Mortgage and Housing Commission’s Market Outlook is out and, to no one’s surprise, the booming condo market in the Greater Toronto Area is one of the focal points of the report.
As you might have heard by now, the competition bureau is pursuing legal action against Toronto Real Estate Board over the way they use MLS (Multiple Listing Service). Here are some interesting quotes from the parties invloved!
![Breaking: Video Of The $28 Million Unit Sold in Toronto (+ a $17 Million Unit) [Video]](http://www.theredpin.com/blog/wp-content/uploads/2011/05/fourseasons1-150x150.jpg)
Two Stunning Video Renderings of Aura’s $17 million Penthouse and Four Season’s $28 Million Penthouse. Quite amazing!
Cost-effective housing is about making costs as low as possible. Over the next three weeks, I’ll be exploring the pieces that make a housing development most cost-effective.
TheRedPin’s exclusive offer to Chaz on Charles is in full swing along with our exceptional $5,000 referral bonus. We have introduced you to the building’s unique amenities, their awards, as well as a featured floor plan in Mana-1128. Now Take a look at Xeric 1068.
![Condo Unit in Toronto Sold for $28 Million. A Canadian Record! [UPDATED]](http://www.theredpin.com/blog/wp-content/uploads/2011/05/fourseasons-150x150.jpg)
Four Seasons Hotel and Private Residences was always going to be a jewel of Toronto’s famous Yorkville neighbourhood. The Four seasons’ name, builders Menkes Development Inc., and of course the area itself all distinguished the condominium building which is currently under construction.
Those dreaming about living at Yonge and Eglinton now have a a great chance of doing so with the introduction of The Madison condos by Madison Homes.
“Some buildings are mere structures, while others tell an inspiring story”. Cinema Tower is indeed an inspiring buildings which, with an intimate connection with the Toronto Film Festival, gives residents the opportunity to live amongst the stars.
Mana-1128 is a large unit at, you guessed it, 1,128 sqft that represents a great opportunity for a small family to live in. Mana-1128 is a corner unit with 2 bedrooms and 2 bathrooms and the master bedroom has a walk in closet.
Overall, the Toronto Condo market continues to impress. So far over 8,675 condo suites have been sold this year which represents 23 percent ahead of the pace set in the same period last year. Six of every 10 new homes sold in the Greater Toronto Area is a condo suite, with one new condo being purchased ever 13 minutes.
Charlie K.
February 25th 2012
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