A recent view of a new Toronto Condo going up just West of the CN Tower, and several more Condos in between.
Records are being set almost every month this year with Condo sales finally taking over the record from low-rise homes, for the first time.
One of the biggest reason for this recent surge in Condo sales is the average price difference between the two. Condos average out at about $347,000 and new homes are averaging around $430,000. The difference of $83,000 is driving buyers to the new Condo lifestyle that is rising all over Toronto.
The Toronto Real Estate Board also reported that the home resales (Condos included) are heading for a record for the end of this year as well.
I think that some of these new sales and resales figures are confusing to the general public.The figures seem to blur into each other but they are both very different. Price will also be confusing as well but lets hope we all can sort it out at the end of 2007!
