Affordability is the main driving factor in the increasing popularity of high-rise condominiums in Toronto. With the ever rising costs of owning a home, many have turned their attention away from low-rise housing types in favor to condominium apartments. The mortgage carrying costs for new Toronto condominiums is still manageable for many first-time buyers.
While Toronto condominium apartments will remain appealing to many first-time buyers, luxury condominiums continue to remain popular. It is anticipated that over the next two years, some older households will take sell their high-priced homes and purchase a luxury apartment. Many of the condos will be purchased at or above $1000 per square foot.
If you are thinking of making your next home purchase you may begin your search for Toronto condominiums. Feel free to inquire about any home of interest to you or visit the Find Your Dream Home section and tell us exactly what you are looking for. Home sellers can also request a home evaluation to help you determine your buying needs.