The Toronto Condo Market continues to move ahead with increasing total Toronto Real Estate sales favouring Condos more and more.
It is simply so many new projects are being completed and many more scheduled for completion over the next two years.
Over 3,433 new Toronto Condominiums were sold in the first quarter of 2008.
Significantly the price per square foot of these Condo units increased 11.4 per cent to $388.00 per square foot.
The former City of Toronto continued to be the most demand area for construction and sales. Resale Condo prices increased 8.3 per cent in the first quarter of 2008 in comparison to the same period in 2007.
The Downtown Condo Market continues to be in demand for new buyers looking for the Condo Lifestyle that most major Condo developers here in Toronto are selling.
Once the Luxury Toronto Condos start coming on to the market the average price per square foot will start to increase as well.
Toronto still has a wide and varied choice of location and price with many Condo projects to choose from.
New resale Toronto Condos and Lofts can be found on my Toronto Real Estate website.
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