the thompson residences

The Thompson Residences

Toronto: The City that won’t stop Growing

• This city is home to 2.5 million people, and is planning for another half-million residents by 2031

• The first results of the 2011 census show the downtown Toronto has seen explosive growth.

• The census echoes what everyone’s been saying:

Toronto has gone vertical.

Toronto’s red-hot condo rental market is showing no signs of cooling down

• A total of 3,919 condominium apartments were leased in Q1-2013 on the MLS system, up by 31% from a year ago.

• Strong competition between renters for available units has prompted continued upward pressure in average rents.

• People looking to rent new units in prime downtown locations have increasingly turned to investor-held rental condominium apartments.

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.

621 King Street West has a Walk Score of 92 out

of 100.

This address is Walker's

Paradise which means daily

errands do not require a car.

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 those who want to remain in the Downtown Core

“If you want to live in central Toronto, you’re going to have to live in a condo. Families will be forced to buy into high-density living. It’s the

natural evolution of a city.”

From Toronto Life Magazine Quoted: Condo mogul Brad Lamb thinks Toronto will soon be exactly like New York

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, based on average U.S.-Global Property Guide’s ranking of the World’s Most Expensive Cities 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