The Toronto condo market is on fire! As of January 2017, the average selling price for a condo was $523,000 — up by 20.8% from the same time last year. With prices like these, it’s no wonder that everyone is interested in buying into the Toronto market.
What should I know about this?
First and foremost, you should be aware of the different types of condos that exist in Toronto. There are high-rise buildings, which are typically the most expensive; mid-rise buildings, which offer a more affordable option; and townhomes, which provide a mix of both affordability and luxury.
You should also be aware of the different areas in Toronto where condos are located. The downtown core is often the most expensive area, but there are also great options in the outskirts of the city. It really depends on your budget and what you’re looking for in a condo.
We hope this information has been useful to you.