New Condos in the Greater Toronto Area
Toronto City and it's real estate
Toronto is Canada’s largest city and a world leader in such areas as business, finance, technology, entertainment and culture. Its large population of immigrants from all over the globe has also made Toronto one of the most multicultural cities in the world.
In the past 10 years, new condos in Toronto have drastically changed the city’s skyline. The revitalization of the Downtown Core is now home to approximately 400 new condo projects alone. This has once again made Downtown and the Waterfront a highly demanded place to call home.
Currently, there are roughly 2000 new condos in Toronto that draw the attention of all types of homeowners. The Toronto real estate market is one of, if not, THE hottest in the country with an average of 4000 new condos for sale at any given time and roughly 2000+ condos being sold monthly. Over the past 5 years, the average price per square foot for a new condo in Toronto has grown from $434/Sq.ft to $760/Sq.ft (that’s up 75%!). At times, the Toronto condo resale market has even outperformed the Toronto Stock Exchange, making new condos in Toronto an investment worth getting involved in.