WELCOME TO THE RAVINE January 2015
TORONTO
Toronto has essen+ally become an island, “With Toronto’s combina+on of above average popula+on growth and policy-‐driven land constraints, we expect Toronto’s urbaniza+on trend to con+nue, and expect property price performance to outperform less urban centres in Canada, with even greater performance in the city’s core.” (CIBC World Markets, April 3 2012)
TORONTO REAL ESTATE
TORONTO TODAY
• • • • • •
Introduc+on of the Greenbelt and “Places to Grow” instrumental in development Currently 20,000 units of unsold inventory $445,000 Average sale price of a condo today Demand for 40,000 new housing units per year (high-‐rise & low rise) 120,000 people moving to Toronto every year (past 20 yrs and next 20 yrs) Toronto condo rentals increase 15% in 2014
TORONTO REAL ESTATE
NORTH AMERICA’S BEST CONDO MARKET • • • • • •
TORONTO REAL ESTATE
Canada’s largest city (5.5 Million people) Home to more than 100 cultures North America’s 4th largest city 46% of the popula+on are foreign born Minimal new rental housing being built Strict presale requirements (Deposit 20—25% and mortgage approval)
AVERAGE SALES PRICE
$800,000 Single Family Detached $575,000 Townhouse $540,000 Semi-‐Detached $445,000 Condominium
Source: RealNet Canada
TORONTO REAL ESTATE
SALES TO DATE
Source: RealNet Canada
TORONTO REAL ESTATE
ndo rental market grew into its shoes in 2014. Demand proved strong enough to absorb th amount of new supply in history, while also revealing an equilibrium for rent levels. s proven stability and consistent growth is encouraging as we remain in a scenario of ions over the next couple years, saidRENTAL Shaun Hildebrand, Urbanation s Senior Vice Pre STRONG MARKET 25,000
$2.60
Condo Units Rented: GTA 20,000
$2.50
Avg. Rent per sq. ft
$2.40
15,000
10,000
$2.37
$2.39 $2.30
$2.28 $2.20 $2.19
5,000
$2.10 $2.08
0
$2.00 2010
2011
2012
2013
2014
Source: Urbanation, TREB/MLS
Source: RealNet Canada
TORONTO REAL ESTATE
INTRODUCING
ACTUAL VIEW - SOUTH
ACTUAL VIEW - EAST
ACTUAL VIEW - NORTH
ACTUAL VIEW - WEST
SITE PLAN
EXTERIOR – WATER FEATURE
YORK MILLS ENTRANCE
COURTYARD ENTRANCE
LOBBY
PARTY ROOM / LOUNGE
ROOFTOP TERRACE
FUTURE PHASE - POOL
EXTERIOR
GROUND FLOOR AMENITIES
ROOFTOP AMENITIES
AREA AMENITIES
THE RAVINE – OFFERING (CLIENTS) • $500 Assignment Fee • Right to Lease during Interim Occupancy • $3,000 Lockers (Regular $5,000) • $25,000 Parking (Regular $30,000) • 6 Months Free Common Expenses (18 Months For Suites priced below $280,900) • Dev Charges capped at $6,000 for 1B/1B+D & $8,000 for 2B
THE RAVINE – OFFERING (BROKERS) • 4% COMMISSION – Sale 1 • 4.5% COMMISSION – Sales 2-‐5 • 5% COMMISSION – Sales 6+ • $1000 VISA Prepaid gii card
THE RAVINE- FLOORPLANS PREVIEW PRICING
ONE BEDROOM | SUITE 1N 555 SQ. FT.
PREVIEW PRICE $282,900
ONE BEDROOM +DEN | SUITE 1C+D 615 SQ. FT.
PREVIEW PRICE $296,900
ONE BEDROOM +DEN | SUITE 1E+D2 628 SQ. FT.
PREVIEW PRICE $307,900
ONE BEDROOM +DEN | SUITE 1G+D2 639 SQ. FT.
PREVIEW PRICE $320,900
TWO BEDROOM | SUITE 2A2 725 SQ. FT.
PREVIEW PRICE $360,900
TWO BEDROOM | SUITE 2C2 853 SQ. FT.
PREVIEW PRICE $390,900