RCMI Condos University Ave. Toronto
Year Of The Toronto Condo
In 2011 there were 28,000 new Condominiums sold in Toronto and the surrounding area.
This resulted in a major Market shift that saw home-buyers more attracted to Toronto Condos than low-rise homes,resulting in a 62 per cent share of all new homes in 2011.
This is amazing as just 10 years ago Condos in Toronto only accounted for 25 per cent of all new homes.
Some of the reasons for the demand of new Toronto Condos:
- Price, Condos are much more affordable than new homes
- Location, many downtown Toronto Condominium locations are impossible to duplicate with a new home
- Lifestyle, all the Condo amenities are likened to a modern resort
- Modern design and quality of these suites
The new Condo Market for Toronto and area generated $12.7 billion of new sales in 2011 adding the total of 45,926 homes sold last year with a value of more than $22 billion.
Pictured above is the new RCMI Condominiums project that will soon add to the Toronto Financial District Condo Listings.
About the Author:
Iris Li is a RE/MAX Toronto Realtor specializing in Toronto Downtown Condos and other Toronto Real Estate
