Latest condo report found that a total of 21,605 new condos were sold across the GTA last year, representing the third best year for the market, behind 2011 and 2007.
After taking a break in 2013, new condo buyers were enticed back into the market as pricing and incentives became more competitive across a greater selection of available units.
The strengthening resale market and tight rental conditions, combined with lowered expectations for interest rates, should keep the new condo market humming in 2015.
The report also found:
- Inventory levels in active development projects were reduced by 10 per cent during the year to a total of 17,972 unsold units.
- A record 20,809 condos were completed in 2014, bringing down the under construction count to 52,446 units from a high of close to 59,000 units a year ago.
- The index for average selling prices reached $560 per square feet in the fourth quarter, up 3.6% year-over-year, the strongest rate of growth in two years
- On the resale front, sales of conds grew by 14% in 2014 to reach a record high of 17,819 units.
Source: Canadian Real Estate Wealth
Apartment for rent in Marbella, Spain.
ReplyDeleteStunning apartment with superb panoramic sea views and enormous terrace with private pool within this Mediterranean-style complex. This south-facing property enjoys lots of natural light, and comprises: entrance hall with cloak room and guest toilet; living/dining room with access to the terrace; kitchen with access to a patio and storage room; 2 bedrooms (one is currently used as a dressing room) with separate bathroom and en-suite master bedroom. All bedrooms have access to the terrace. Enormous terrace of 215 m2 enjoying breathtaking sea views, with several seating and dining areas; private pool. Private garage space. The complex is fully gated and has night time security. Only a 7 minutes' drive to Puerto Banús and Marbella centre!
Apartments for sale in Marbella, Spain.
Luxury APARTMENTS FOR SALE IN MARBELLA