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N. Barry Lyon Consultants Limited
3 Church Street, Suite 100 Toronto ON M5E 1M2
(416) 364-4414
www.nblc.com
2010: The Bubble That Didn’t Burst. A Review of the Greater Toronto Area Condominium Apartment Market
Presentation to the Toronto Condo Network
By: N. Barry Lyon and Jasmine Cracknell
February 18th
, 2011
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011F
# U
nit
s
High-Rise Marketplace Yearly New Sales and Resales
Greater Toronto Area 2002 to 2011
New Sales
Resales
Source: RealNet Canada Inc., Toronto Real Estate Board, Market Watch and NBLC
15,346
11,693
13,480
17,437 17,098
22,417
14,89115,627
20,349
16,500
0
5,000
10,000
15,000
20,000
25,000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011F
To
tal S
ale
s -
Un
its
New High-Rise Market
Annual Sales and 2009 Forecasts
Greater Toronto Area: 2002 to 2011
Source: RealNet Canada Inc. and NBLC
N. Barry Lyon Consultants Limited
3 Church Street, Suite 100 Toronto ON M5E 1M2
(416) 364-4414
www.nblc.com
0
50
100
150
200
250
300
350
400
0
5,000
10,000
15,000
20,000
25,000
Hig
h-R
ise
Sit
e C
ou
nt
Un
sold
Inv
en
tory
(#
of
Un
its)
New High-Rise Market
Unsold Inventory and High-Rise Site Count
Greater Toronto Area 2005 to 2010
High Rise Inventory
High Rise Site Count
Source: RealNet Canada Inc. and NBLC
Source: RealNet Canada Inc. and NBLC
N. Barry Lyon Consultants Limited
3 Church Street, Suite 100 Toronto ON M5E 1M2
(416) 364-4414
www.nblc.com
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
Jan
-05
Ma
r-0
5
Ma
y-0
5
Jul-
05
Sep
-05
No
v-0
5
Jan
-06
Ma
r-0
6
Ma
y-0
6
Jul-
06
Sep
-06
No
v-0
6
Jan
-07
Ma
r-0
7
Ma
y-0
7
Jul-
07
Sep
-07
No
v-0
7
Jan
-08
Ma
r-0
8
Ma
y-0
8
Jul-
08
Sep
-08
No
v-0
8
Jan
-09
Ma
r-0
9
Ma
y-0
9
Jul-
09
Sep
-09
No
v-0
9
Jan
-10
Ma
r-1
0
Ma
y-1
0
Jul-
10
Sep
-10
No
v-1
0
To
tal
Sa
les
(# U
nit
s)
Av
era
ge
Sa
le P
rice
High-Rise Market New Sale and Resale
Monthly Sales and Average Pricing
Greater Toronto Area: 2005 to 2010
New
Resale
New Sale
Resale
Source: Toronto Real Estate Board, Market Watch, RealNet Canada Inc. and NBLC
Source: Canadian Mortgage Housing Corporation, Royal Bank of Canada, Toronto Real Estate Board, RealNet Canada Inc. and NBLC
Income Required to Purchase a New or Resale Condo
Greater Toronto Area: 2004-2012
N. Barry Lyon Consultants Limited
3 Church Street, Suite 100 Toronto ON M5E 1M2
(416) 364-4414
www.nblc.com
Source: RealNet Canada Inc. and NBLC
Source: RealNet Canada Inc. and NBLC
N. Barry Lyon Consultants Limited
3 Church Street, Suite 100 Toronto ON M5E 1M2
(416) 364-4414
www.nblc.com
Source: RealNet Canada Inc. and NBLC
Source: RealNet Canada Inc. and NBLC
N. Barry Lyon Consultants Limited
3 Church Street, Suite 100 Toronto ON M5E 1M2
(416) 364-4414
www.nblc.com
Downtown East Market vs. Downtown West Market
Source: NBLC and DMTI Spatial CanMaps
Source: NBLC and DMTI Spatial CanMap
N. Barry Lyon Consultants Limited
3 Church Street, Suite 100 Toronto ON M5E 1M2
(416) 364-4414
www.nblc.com
11
22
13
26
30
52
44
24 23
13
38
11
0
10
20
30
40
50
60S
tore
ys
East Toronto vs West Toronto New High-Rise
Average Building Heights
Source: RealNet Canada Inc. and NBLC
Source: RealNet Canada Inc. and NBLC
N. Barry Lyon Consultants Limited
3 Church Street, Suite 100 Toronto ON M5E 1M2
(416) 364-4414
www.nblc.com
The High-Rise Marketplace: What’s Ahead?
Daniels Corporation 4-Storey Wood-frame: (Winston Churchill Boulevard and Eglinton Avenue)
N. Barry Lyon Consultants Limited
3 Church Street, Suite 100 Toronto ON M5E 1M2
(416) 364-4414
www.nblc.com
A New Regent Park – Including Aquatic Centre
N. Barry Lyon Consultants Limited
3 Church Street, Suite 100 Toronto ON M5E 1M2
(416) 364-4414
www.nblc.com
Pan Am Athlete’s Village – 2,100 units, West Don Lands, Spring 2015
Toronto Transit City – Do or Die?
N. Barry Lyon Consultants Limited
3 Church Street, Suite 100 Toronto ON M5E 1M2
(416) 364-4414
www.nblc.com
A New Union Station to Double Current Capacity
Now
Coming
N. Barry Lyon Consultants Limited
3 Church Street, Suite 100 Toronto ON M5E 1M2
(416) 364-4414
www.nblc.com
Sugar Beach, East Bayfront
Sherbourne Common