The Toronto condo mar­ket is not going to crash. It is hec­tic, crazy, chaotic even – but it is not in any dan­ger. We have seen some seri­ous price increases over the past decade or so, and those rises are going to slow down. They may stop, we may see prices flat­ten out, even fall a touch. But, over the long term, prices will con­tinue to move upwards. We have 16 straight years of real estate price growth in Toronto, and only 6 of the past 47 years have seen prices go down. There is no rea­son this trend is going to reverse.

The new condo mar­ket is boom­ing because of a few fac­tors. Mainly it is fueled by new arrivals to the city (100,000 peo­ple move to the GTA every year – and they all need some­where to live), many from cities where tower liv­ing is the norm. First time buy­ers are priced out of the house mar­ket, so they go to con­dos as the afford­able option. The sub­ur­ban trend is over, peo­ple now want to live down­town, they want to be near work and play. Lastly, there are almost no new rental build­ings being built – the rental mar­ket is now the condo mar­ket. Vacancy rates are down to 1.3% so there is huge demand for rental units.

Every crane you see means 80% of the con­dos have been sold already, with 20–25% paid upfront by the pur­chasers. Sure, there are more con­dos being built here than in New York City, but NYC already has 100s or 1,000s more high rise build­ings than we do. We are way behind and are play­ing catch up.

New Con­dos Being Built In Lib­erty Village

There are over 2,200 con­dos in Toronto as of 2012. They stretch across the city, from the lake to north of the 401, from Scar­bor­ough to the Hum­ber River. Most are stan­dard condo tow­ers, though oth­ers include condo town­houses and lofts.

Toronto con­dos have been almost mirac­u­lous, seem­ing to be immune from almost any­thing. Pun­dits have called for the col­lapse of the Toronto condo mar­ket since around 2003, yet it sim­ply has not hap­pened. More and more peo­ple want to live down­town and con­dos pro­vide an afford­able option. Many first-time buy­ers enjoy the maintenance-free lifestyle that Toronto con­dos offer. With 100,000 peo­ple mov­ing to Toronto every year, there is no short­age of peo­ple need­ing a home.

We are here to expand your knowl­edge of the Toronto condo mar­ket. So much has been said in the press over the year, much more so these days. We re-print all sorts of per­ti­nent arti­cles here, with our com­ments, to help you steer through the spin and balder­dash. Much has been made of very lit­tle, small data have been blown up into huge issues.

Recently, the aver­age price per square foot for Toronto con­dos has stayed rel­a­tively flat at $475, though some new projects have come closer to $700 at the end of 2012. Lower pric­ing, low inter­est rates and a pent-up demand has resulted in a heated Toronto real estate market.

Some older build­ings have prices as low as $350 per square foot, though you will have to deal with dated units and high condo fees. Prime loca­tions such as Lib­erty Vil­lage are in the $550–650 psf range. Water­view con­dos on high floors can approach $700 psf and lux­ury con­dos such as those in Yorkville are gen­er­ally over $1,000 psf.

Newer con­dos offer bet­ter fea­tures and fin­ishes, with gran­ite and stain­less kitchens, glass show­ers and engi­neered wood floors – but are def­i­nitely smaller. They have state-of-the art gyms, pools and tend to be much more effi­cient. Older con­dos offer larger units, at the expen­sive of dated kitchens, old broad­loom and smaller win­dows. Ameni­ties tend to be less lux­u­ri­ous. Condo fees are usu­ally lower in new build­ings, higher in older ones.

Below are links of some of the most pop­u­lar con­dos in Toronto, in dif­fer­ent neigh­bour­hoods. Obvi­ously there are many many more out there, but these are the ones peo­ple ask about the most.

• Annex Con­dos
• Bay Street Condos
• Bayview Con­dos
• Beaches Con­dos
• Davisville Con­dos and Sum­mer­hill Condos
• Down­town East Condos
• Down­town West Condos
• For­est Hill Condos
• High Park Con­dos and Bloor West Condos
• King West Condos
• Lea­side Condos
• Lib­erty Vil­lage Condos
• Lit­tle Italy Condos
• North York Condos
• Rosedale Con­dos
• Water­front Condos
• West Water­front Condos
• Yonge and Eglin­ton Condos
• Yonge and Finch Condos
• Yonge and Lawrence Condos
• Yonge and Shep­pard Condos
• Yonge and St. Clair Condos
• Yonge and York Mills Condos
• Yorkville Con­dos
• Condo Town­homes and Stacked Townhouses

The Jef­frey Team is your source for Toronto con­do­minium ser­vices. We focus on excep­tional ser­vice, pro­vid­ing you with every­thing you need – from condo MLS list­ings to infor­ma­tion on condo prop­er­ties in Toronto.

Toronto has Lake Shore and Har­bourfront con­dos that offer fan­tas­tic views of Lake Ontario. These new condo build­ings attract buy­ers from all over, who enjoy their invest­ment in a Toronto condo. Let us help you with view­ing condo list­ings, vir­tual condo tours, condo pho­tos and more.

City­Place Is One Of The Largest New Condo Developments

Are you look­ing to buy a down­town Toronto condo? The Jef­frey Team can help you research con­do­mini­ums in Toronto that best suit you and your fam­ily. Check out tips for buy­ers as well as sum­maries of the condo alter­na­tives! We work with con­dos for sale in Toronto every day, we can help you find what you are look­ing for.

Search through our inven­tory of hot Toronto con­dos, read about var­i­ous Toronto com­mu­ni­ties, we have tons of infor­ma­tion about the Toronto condo mar­ket. We are here to help you search MLS in Toronto to find con­dos for sale. If you are think­ing of buy­ing a condo or sell­ing your condo, call Lau­rin today at 416−388−1960 or email laurin@jeffreyteam.com.

Think of this as your online por­tal to Toronto con­do­mini­ums for sale, help­ing you learn more about the avail­able condo options in Toronto. When you find a condo list­ing that you’d like to see in per­son, let us know and we will make all of the arrangements.

Our goal is to be your trusted real estate web site for Toronto con­do­minium infor­ma­tion, offer­ing condo MLS list­ings, as well as mort­gage and com­mu­nity infor­ma­tion. Learn about the joy and excite­ment of down­town Toronto condo liv­ing.

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Con­tact the Jef­frey Team for more infor­ma­tion – 416−388−1960

Lau­rin & Natalie Jef­frey are Toronto Real­tors with Cen­tury 21 Regal Realty.
They did not write these arti­cles, they just repro­duce them here for peo­ple
who are inter­ested in Toronto real estate. They do not work for any builders.
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