Toronto Condos Market

The Toronto Condos Market is still growing with no signs of projects on hold. Most of the Toronto Condos are pre-sold to a certain number of units ( 70-75 ) per cent before construction even begins.

Residential multi-tenant buildings being constructed in Canada has risen in numbers over the years. During the first three quarters of 2008, 119,000 units were under construction in Canada, compared to 106,800 and 98,700 in the same periods of 2007 and 2004, respectively (according to the Canadian Mortgage and Housing Corporation). The numbers are trending upwards and The Toronto Condos Market is no exception.

The Toronto Condo Boom is steadily building and prices are holding compared to the US Condo markets. At the moment, Toronto Condos under construction are second only to New York City (according to Emporis), a firm that tracks world wide construction.

Toronto Condo Numbers

The number of active condominium projects (either in preconstruction, construction or ready to occupy) in the Toronto Census Metropolitan Area as of Sept. 30, 2008 was 287 buildings.

• 66,836: Number of condominium units in those 287 projects.
• 76: Percentage of the 66,836 units that were sold.
• $470: Average price per square foot in the former City of Toronto.
• $101,000: Lowest selling price of a condo.
•  $30 million: Toronto's Most Expensive Condo.
• Source: Urbanation 3rd Quarter Condominium Market Survey

New and resale Toronto Condos, Lofts and Townhouses can be found on our Toronto Real Estate web site.