Toronto most expensive condo

In the battle for one-upmanship in Toronto's luxury real estate market, Alex Shnaider has revealed a convincing hand. The enigmatic Toronto billionaire says in an exclusive interview he has decided to keep what has been billed as Canada's most expensive condominium, valued at up to $20 million, at the Trump International Hotel & Tower for himself. A work in progress, his mansion in the sky could be as large as 14,000 square feet, and will have, in some areas, soaring 9-metre ceilings.

Toronto midtown housing prices top $1 million

Average detached home prices in north central Toronto, particularly along the Yonge Street corridor, nudged above the million-dollar mark in the first half of 2007, according to Toronto Real Estate Board and RE/MAX Ontario Atlantic Canada. The area - which encompasses such tony neighbourhoods as Forest Hill, Chaplin Estates, Deer Park and Cedarvale - saw average home prices increase by nearly 17 per cent, from $895,000 to $1,046,500, the largest such jump among 62 Toronto Real Estate Board districts. According to RE/MAX spokesperson Christine Martysiewicz, the increase could be attributed to the three Ls of real estate: location, location, location.

Ottawa's sell-off smart move

Federal Public Works Minister Michael Fortier is apparently close to moving ahead on the planned sale of nine federal government buildings in prime locations in Vancouver, Edmonton, Calgary, Toronto, Ottawa and Montreal. The total estimated value: $1.4 billion. With real estate markets red hot in most cities, there is every indication these buildings, including Canada Place in Edmonton and the Harry Hays building in Calgary, will fetch top dollar.

Toronto's best return on investment neighbourhoods in 2007

RE/MAX Ontario-Atlantic Canada: In total, 56 of the 62 Toronto Real Estate Board Districts examined reported an increase in the average price of a single-detached home between January to June 2007, compared to the same period one year ago.
Three of the top five were located in TREB's Central District, while the remaining two were located in the North and West Districts. Leading the charge was Forest Hill, Chaplin Estates, Deer Park, and Cedarvale (C03) with a 16.8 per cent increase over one year ago, bringing average price to a just over one million dollars.
Thornhill, Vaughan (N02) followed in second place with an average price of $565,428, up 15 per cent versus the same period in 2006. South Hill, Annex, Yorkville (C02) claimed third spot, with an average price of $883,869, 14.3 per cent ahead of one year ago, while C07 (Lansing, Willowdale,
Newtonbrook) reported a 12.2 per cent upswing to $618,179. Port Credit,
Mineola (W12) secured the fifth position, with an average price 11.3 per cent
ahead of last year's figure at $581,167. Close to half of all GTA districts
are now reporting a single-detached average price in excess of $500,000.