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South Hill Residences at the Foot of Casa Loma Toronto’s Recent International Awards Canada ranked #1 in Forbes magazine's annual list of the BEST COUNTRIES FOR BUSINESS Toronto ranked #1 MOST YOUTHFUL CITY in the World. BEST EDUCATION, AFFORDABILITY AND EMPLOYMENT FOR YOUNG PEOPLE. Toronto ranked #2 in Fast Company’s global ranking of SMART CITIES Toronto Ranked #2 for “CITIES OF OPPORTUNITY” by PricewaterhouseCoopers. Fortune Magazine ranked Toronto first overall of CITIES TO LIVE AND WORK, calling it the “SAFEST CITY IN NORTH AMERICA.” Forbes magazine named Toronto to its top ten of the World’s MOST ECONOMICALLY POWERFUL CITIES. “It’s time to discover Toronto as the new CAPITAL OF COOL.” – Huffington Post Toronto’s Recent International Awards “Toronto is a metropolis with clean air and healthy downtown neighborhoods, a city that works.” – The New York Times “Toronto is the MOST CIVIL AND CIVILIZED CITY in the world.” – National Geographic The Economist ranked Toronto as the 4th most LIVEABLE CITY in the world ahead of New York, London and Paris. Canada placed 3rd in the “BETTER LIFE INDEX” of the Organisation for Economic Cooperation and Development. “Bottom line: if you want to learn about INNOVATION, Toronto is the place to be.” –BusinessWeek. Toronto is the world’s MOST RESILIENT CITY. Toronto, followed by Vancouver and Calgary, are THE BEST CITIES FOR REAL ESTATE INVESTMENT because of their resilience. It makes Canada and especially Toronto a very sound long-term real estate investment. Grosvenor’s Group 2006 Government of Canada study of real estate prices for the next 30 years. Assumptions 1. Canadian real estate prices will continue to increase faster than inflation. 2. Inflation over the next 30 years would be no more than 2%. Conclusion 1. Prices would increase by an average of 4% for Canada. 2. Toronto and Vancouver prices will increase by 5%. Average price for 2013 $523,036 up 5.21% from 2012 6.1% annual increase since 1973 Projected Prices to 2036 2500000 2,021,370 2000000 6% 1500000 5% 4% 1000000 500000 351,941 0 1,521,068 1,141,484 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 The 'Manhattanization' of Toronto 83.4% of people in New York City live in Condos or Apartment Buildings. 70% of people in Toronto and surrounding areas 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 wanted to live in the city. 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. About the Spectacular Location