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Yorkville condo to list near $30m
Global financial markets are in turmoil and the Canadian economy is slowing, but that hasn't put a damper on the promotional effort touting an as-yet-to-be-built condo unit at Toronto's Four Seasons Hotel and Private Residences as "Canada's most expensive penthouse!"
The posh condo in Toronto's Yorkville neighbourhood is expected to list in the $30-million range, but the price won't be revealed until after virtual tours for the media take place Thursday with developer Alan Menkes and designer Brian Gluckstein.
But the 9,000-square-foot penthouse, complete with four fireplaces, staff accommodations and galleria, will be listed for more than the previous record sale price of $25-million, public relations representative Beth Merrick said.
September 17, 2008 in Buying Toronto Real Estate | Permalink
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Today news:
September 17, 2008
*Again GTA Resale Housing Moderate in September!
With 2,726 sales during the first half of this month, activity has declined 16 per cent from the 3,236 recorded during same time period a year ago.
At $366,158 the average price of housing in the GTA has increased marginally from the $364,364 recorded a year ago.
The 26,299 properties listed for sale on the TorontoMLS system have increased 26 per cent from a year ago when 20,841 homes were available. The time that homes remain on the market has increased as well, to an average of 37 days compared to 31 days a year ago.
The Greater Toronto Areaís autumn resale housing market began with moderate activity, Toronto Real Estate Board President Maureen OíNeill announced today.
http://www.torontorealestateboard.com/consumer_info/market_news/news2008/nr091708.htm
*The Toronto stock market TSX, closed at a two-year low at 11,877.69 and down -349.30 ponts, with bank and insurance stocks taking it on the chin as investors found it hard to be confident in the wake of the U.S. Federal Reserve's rescue of insurer American International Group(AIG).
U.S. government steps in again, bails out AIG with US$85 billion.
Posted by: | Sep 17, 2008 6:27:18 PM
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