Record Condominium sales in Toronto during 2007 will result in buyers arranging 47,000 new move in dates for 2010 and 2011. According to RealNet Canada, the best years in the Toronto and Greater Toronto Area (GTA) saw 15,000 Condo units available for occupancy but over the next two years 47,000 suites will be completed, with 27,000 of them scheduled for 2010.
Urbanation another company that tracks Toronto Condos sees a more conservative estimate of 17,000 new condominiums in 2010 and another 19,000 in 2011.
Both agree that the next two years will see the downtown west, the Sheppard corridor, North York West and the Mississauga City Centre neighbourhoods all grow and at the same time experience an economic and business boom.
The latest Condo boom has resulted in a new rush of retail and service business in their immediate areas. A prime example would be Liberty Village and North York neighbourhoods.
What we find associated with new Toronto Condominium Projects:
- Furniture stores
- Hardware stores
- Dry Cleaning
- 24-Hour Grocery stores
- Dog-walking services
- Local Real Estate offices
- Restaurants
- Bars
- Cafes
- And much more...to serve new Condominium neighbourhoods
Future Toronto Condos will help to revitalize Toronto neighbourhoods, in the next few years and change the Toronto Real Estate Market into rich communities of services and convenience.
