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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. 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)

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The Furnished Suites of Humber River Valley

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

  2. 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

  3. Average price for 2013 $523,036 up 5.21% from 2012 6.1% annual increase since 1973

  4. Positive Trends For 2014 • Recovering Economy • Low Interest Rates • Toronto Still #1 Destination for Immigrants and International Investors

  5. 2006 Government of Canada study of real estate prices for the next 30 years.

  6. Assumptions • Canadian real estate prices will • continue to increase faster than • inflation. • 2. Inflation over the next 30 years • would be no more than 2%.

  7. Conclusion • Prices would increase by an • average of 4% for Canada. • 2. Toronto and Vancouver prices will • increase by 5%.

  8. Projected Prices to 2036

  9. Average price for 2013 $523,036 up 5.21% from 2012 6.1% annual increase since 1973

  10. 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

  11. 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.

  12. 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 both renters and buyers alike.

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