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Infographic: Toronto’s Biggest Luxury Condo Blunders

For the last couple months, we’ve been thinking about the wealth of data that exists on our site, trying to decide what our first infographic could and should be about. The Toronto condo market is often mentioned in the media as being one that is overpriced and oversupplied. At Condos.ca, we don’t see this in the resale market, but when you examine some pre-construction and new luxury condo buildings, there’s no denying that it’s true.

From an oversupply of units priced at $1 million or more, to the fact that luxury condo units often depreciate even while their neighbourhood values go up, we want to shed some light on what’s really happening in Toronto’s luxury condo market. Some of the stats may surprise you. For example, our research uncovered the fact that over 70% of the residential units at Trump Hotel remain unsold and held by the developer. Plus, we’ve even included a few predictions for some of the most well known new luxury condo buildings in the city.

Take a look.

LuxuryCondoBlunders

Luxury Condo Blunders Infographic by Condos.ca

If you enjoyed our infographic we’d love your help sharing it with your community.

1. Copy and paste our html snippet:

<div style="width:800px;">
<a href="http://condos.ca/blog/wp-content/uploads/2014/06/luxury-condo-blunders.gif" >
<img class="aligncenter size-full wp-image-624" alt="LuxuryCondoBlunders5" src="http://condos.ca/blog/wp-content/uploads/2014/06/luxury-condo-blunders.gif" width="800px" height="6582px" />
</a>
<p style="text-align: right; font-size: 16px;">Luxury Condo Blunders Infographic by <a href="http://condos.ca/" >Condos.ca</a>
</p>
</div>

OR

2. Take the image and link back to the source:
http://condos.ca/blog/wp-content/uploads/2014/06/luxury-condo-blunders.gif

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Carl Langschmidt

Born and raised in Johannesburg, South Africa, Carl moved to Canada in 2003. Armed with a Commerce degree from Bond University (Australia), he became a licensed agent and quickly rose to become one of Royal LePage’s Top Realtors. At the age of 29, Carl ranked #39 out of almost 15,000 agents across Canada. His secret to success: hard work and passion. Carl loves searching through the thousands of ordinary listings to find distinctive properties for his clients. In his personal life, Carl is a car enthusiast and avid kitesurfer. He and his wife live in Toronto, along with their 3 kids who, as he puts it, are the wind in his sails.

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