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Condo Buyers Saying No to Parking

Parking spots are falling out of favour with many condo buyers, thanks to the proliferation of car-sharing services and a greater emphasis on transit and walkability by city dwellers.

A condo parking pot used to be the gold standard. Many buyers are no longer willing to pay extra for parking, especially if a building is located near the subway or GO Train station.

Parking spaces in Toronto are currently selling for an extra $50,000-70,000 for new construction condo projects.

 

>>Click here for the full Toronto Star article

Source:  Alexandra Posadzki, The Candian Press / Toronto Star

 

If you want to buy or sell a Toronto condo or loft, contact Casey Ragan at 416-486-5588 or by email at casey@remaxhallmark.com

 

Casey Ragan

“Toronto’s Condo Authority”

Toronto Condos and Lofts

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