Gehry, the man Vanity Fair once described as “the most important architect of our age,” has unveiled plans for a gargantuan condominium project in downtown Toronto.
The old real estate adage used to be “location, location, location,” but Canadian homebuyers appear to be narrowing their focus. Now, the refrain sounds more like “Toronto, Toronto, Toronto.”
Mortgage brokers in Toronto have been busier than their colleagues in the rest of Canada lately, as the city’s housing market continues to outpace the nation in sales and price increases.
Although some signs are pointing to the housing market in Toronto cooling down, Ross McCredie, CEO of Sotheby’s International Realty Canada, is preparing for an increase in demand.
The Greater Toronto Realtors recently reported there were 4,567 sales listed through the TorontoMLS system in January, which was an 8.8 percent increase compared with the 4,199 sales reported in January last year.
The Toronto Real Estate Board Commercial Division Members recently reported there was a total of 464,008 square feet of total leased commercial space in January 2012.