Toronto home prices are down year-over-year compared to the beginning of 2017, but the condo and loft market segment continues to surge. As buyers struggle to afford pricey low-rise homes, condos offer a comparably affordable option for those looking to get into the market.
Toronto condo and loft prices were up 9% year-over-year in the first quarter of 2018, and are widely expected to continue to rise in the coming months.
The Toronto Real Estate Board expects stronger price growth to continue in the comparatively more affordable condo and loft market segment.
While the average price for an average Toronto condo is still below $1,000 per-square-foot, most of these 50 priciest downtown Toronto condos and lofts have already crossed that threshold:
Source: Lamb Development Corp.
If you want to buy or sell a Toronto condo or loft, contact Casey Ragan at 416-486-5588 or by email at email@example.com
“Toronto’s Condo Authority”