More buyers are ready to make a move into Toronto Condos recognizing that it is a buyer's market and there are great Condo bargains to be picked up.
First-time buyers are now back in the market citing lower prices and lower interest rates as a motivating factor. These buyers feel now is the time to buy and the Toronto Real Estate statistics show they are active in this market.
First-time buyers usually occupy 30 to 35 per cent of the overall market according to Royal Lepage in their recent survey of potential first-time home buyers.
This survey went on to say first-time buyers are attracted to the larger urban cities like Toronto that contain a large supply of affordable Condominiums that are popular with this group.
According to the Royal Lepage Survey the typical first-time buyer is 25 to 30 years of age and willing to spend up to $400,000 on a Condo orHome for couples and singles, mostly women, purchasing within the $250,000 to $300,000 range.
Toronto Real Estateoffers a large variety of Condos in price, location and layouts for the interested buyers.
