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The Royal Suites of King West Village The Investor Series

The Royal Suites of King West Village The Investor Series. Downtown Toronto is in high demand and  will continue to grow !. People want to live downtown. This demand is fueled not just by immigration but by lifestyle changes of younger generations

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The Royal Suites of King West Village The Investor Series

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  1. The Royal Suites of King West Village The Investor Series

  2. Downtown Toronto is in high demand and will continue to grow! • People want to live downtown. This demand is fueled not just by immigration but by lifestyle changes of younger generations • Prices for detached and freehold properties are rising so rapidly that condo living will be the only affordable option for downtown living

  3. 2011 Census • The city has 2.6 million residents. (The 5th most populous city in North America) • The GTA’s population is projected to increase by more than 44 per cent — to 9.2 million people — over the next 25 years. • The first results of the 2011 census show the Toronto has seen explosive growth. • The census echoes what everyone’s been saying: • Toronto has gone vertical.

  4. 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 Downtown Toronto and other intensified areas within the city

  5. The 'Manhattanization' of Toronto • 83.4% of people in New York City live in Condos or Apartment Buildings. • In Toronto, prices for single detached homes and townhomes are projected to go up 30% to 50% in the next decade. • Condo living is sure to be the default housing option for those who want to remain in the Downtown Core

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

  7. Who Is Buying Toronto Condos? • Affluent immigrants and foreign investors are lining up with the traditional buyers that include: empty nesters, boomers, and young professional couples and individuals

  8. Toronto VS. The World Just 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$3,056,270 London $1,194,000 Hong Kong $839,000 Tokyo $658,000 New York $615,000

  9. Toronto's new condo mix • Condos seem to be getting smaller not bigger

  10. From The Globe and Mail’s Report on Business: “Condos have become the de facto new rental supply,” says consultant Barry Lyon. That supply is much more expensive than old rental high-rises. Lyon and other analysts say that renters typically pay 50% more for a new condo unit than they would on rent for a comparable apartment in an aged building.

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