Why Should You Invest In Toronto Real Estate?


Posted October 2, 2020 by Jordanvick

The city has experienced a period of architectural resurrection. This is because several buildings that were designed by world renowned architects were completed throughout the late 2000's.

 
Why Should You Invest In Toronto Real Estate?
The city has experienced a period of architectural resurrection. This is because several buildings that were designed by world renowned architects were completed throughout the late 2000's. Imagine living in one of the many Toronto new condos close to landmark in downtown core, or one of its many surrounding neighbourhoods - it's enough to take your breath away.

It is projected that very soon, Toronto will have the most high-rise condominiums in the world. Young single professionals between the ages of 25-35 prefer the downtown core as their desired location to live; exactly where the city's condo market has exploded over the last decade. There is an abundance of new pre-constructed condos for sale, and this will add to Toronto's growth, competitive edge and quality of life. For those who love big cities like New York and Los Angeles but with less crime -Toronto is a great fit.


Average Condo Price for Toronto in 2019
The average selling price of pre-construction condos in the City of Toronto for 2019 is $485,650. New listings, for the year thus far, has maintained a price per square foot of $883, while prices continue to grow to 10.2% year-over-year.

The average rental rate for the City of Toronto is presently $2,700. This is in addition to a rental appreciation rate of 3.5% for the past 10 years. The demand for condos is still strong here as the vacancy rate currently sits at 0.7%.

The average resale price for all home types in the City of Toronto is presently around $883,782. The average resale appreciation rate for the past 10 years has been 5.4%.
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Issued By jordanvick
Country Australia
Categories Advertising , Architecture , Blogging
Tags condos , new , toronto
Last Updated October 2, 2020