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The Furnished Suites of Humber River Valley The Diamond Grand Suites of New Woodbine

The Furnished Suites of Humber River Valley

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The Diamond Grand Suites of New Woodbine. The Furnished Suites of Humber River Valley. Growing up By the numbers. $15 billion: Expected cost of gridlock per year by 2031 (Board of Trade) 9.2 million: Projected GTA population in 2036 (Ministry of Finance) - PowerPoint PPT Presentation

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Page 1: The Furnished Suites of Humber River Valley

The Furnished Suites of Humber River Valley

The Diamond Grand Suites of New Woodbine

Page 2: The Furnished Suites of Humber River Valley

Growing up By the numbers

$15 billion: Expected cost of gridlock per year by 2031 (Board of Trade) 9.2 million: Projected GTA population in 2036 (Ministry of Finance) 25: Number of urban growth centres in Greater Golden Horseshoe Region 70% + : Number of people living in

buildings of at least 13 storeys in Toronto and other intensified areas within the GTA

Page 3: The Furnished Suites of Humber River Valley

Average price for 2013$523,036 up 5.21% from 2012

6.1% annual increase since 1973

Page 4: The Furnished Suites of Humber River Valley

Positive Trends For 2014

• Recovering Economy• Low Interest Rates• Toronto Still #1 Destination for

Immigrants and International Investors

Page 5: The Furnished Suites of Humber River Valley

2006 Government of Canada study of real estate prices for the

next 30 years.

Page 6: The Furnished Suites of Humber River Valley

Assumptions

1. Canadian real estate prices will continue to increase faster than inflation.

2. Inflation over the next 30 years would be no more than 2%.

Page 7: The Furnished Suites of Humber River Valley

Conclusion

1. Prices would increase by an average of 4% for Canada.

2. Toronto and Vancouver prices will increase by 5%.

Page 8: The Furnished Suites of Humber River Valley

0

500000

1000000

1500000

2000000

2500000

1,141,484

1,521,068

351,941

2,021,370

Projected Prices to 2036

Page 9: The Furnished Suites of Humber River Valley

Average price for 2013$523,036 up 5.21% from 2012

6.1% annual increase since 1973

Page 10: The Furnished Suites of Humber River Valley

Toronto VS. The WorldJust how expensive—or not—is it to buy a condo in Toronto? The city sits at No. 15 out of 94 on the Global Property Guide’s ranking of the World’s Most Expensive Cities, based on average U.S.-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 $3,056,270London $1,194,000

Hong Kong $839,000Tokyo $658,000

New York $615,000

Page 11: The Furnished Suites of Humber River Valley

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.

Page 12: The Furnished Suites of Humber River Valley

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 both renters and buyers alike.