Construction, sale and price gains are forecasted to moderate in the Toronto housing market during 2008. This is due to decreasing affordability for first time buyers and the softening of our economic conditions. However, the forecast for resale condominiums Toronto is better in this market when compared to detached homes. The factor is the substantial price difference between the two types of housing.
The increasing choice and relative affordability of the resale condomimiums in Toronto will continue to attract first-time buyers. An important segment of this broadening pool of buyers will be the single female condo buyers.
The average price gain between 1998 and 2009 was 6% per year. The forecast for the condomimium market in Toronto for 2008 is for moderate growth and average price increases of 6-9% in overall performance.
If you would like to search for resale condominiums Toronto, click the search area below. If you have any questions regarding any property you see please feel free to contact Yannick Picard. He will be happy to assist in all of your real estate needs.