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September put in another excellent performance, with
6,866 single family units changing hands through the
TorontoMLS system, Toronto Real Estate Board (TREB)
announced today. This figure was up four per cent from
last year (6,622 sales), and off only six per cent from
the record 7,326 sales recorded during September of
2005. Year-to-date sales, at 73,827, were up 12 per cent
over 2006. They are also up 11 per cent over the first
nine months of 2005, which turned out to be the best
year ever recorded in the history of TREB. Prices
rebounded in September, rising five per cent over August
to $380,132. On a year-over-year basis they were up also
up five per cent, to $371,848 from the $352,318 recorded
during the first nine months of 2006. Breaking down the
total, 2,613 sales were reported in TREB’s 28 West
districts and averaged $351,328; 1,298 sales were
reported in the 14 Central districts and averaged
$501,419; 1,380 sales were reported in the 23 North
districts and averaged $404,663; and 1,575 sales were
reported in TREB’s 21 East districts and averaged
$306,467.
In its first
foray into the Toronto market, Westbank will arrive in
the grandest of style with a 700 foot tower featuring a
5-Star Shangri-la Hotel and luxury residential condos.
The 870,000 sf development will be located on Toronto's
most celebrated street - University Avenue. Bordering
between the entertainment and financial districts, these
homes will offer the convenience and vibrancy of urban
living with legendary services of a 5-Star Shangri-La
Hotel.
The two-storey glass atrium and podium will be a focal
point on University Avenue across the street from the
new Opera House. With this new development, Westbank
will make its mark on the Toronto market and its
skyline.
Developer Westbank
Projects Corp. & Peterson Investment Group Inc.Architect
James KM Cheng
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TORONTO,
Oct. 12 /PRNewswire/ - It's official: construction
of Toronto's $500-million, five-star, 57-storey,
Trump International Hotel & Tower is underway,
with a 2010 completion date. Located at 325 Bay
Street, in the heart of the city's financial and
business district, the landmark will set a new
standard for luxury and elegance in Toronto. Donald
Trump participated in a "gold shovel" sod-turning
ceremony with building developers Alex Shnaider,
Chairman of Talon International Development Inc.,
and Val Levitan, President and CEO of Talon and
Toronto City Councilor Pam McConnell. Upon
completion, Trump International Hotel & Tower will
be the tallest and most luxurious residential
building in Canada. The first Trump property to be
situated in Canada will feature 118 luxury
residences and 261 hotel guest rooms and suites.
Although pre-construction inventory is entirely sold
out, a limited release of suites will be available
later this fall and are expected to be priced from
the $900,000s for hotel condominiums and
$1.6-million for residential condominiums.
(All figures CAD).
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