The Booming Toronto Condo Market is Here to Stay
Thursday Dec 06th, 2018
There was a time when people were concerned about over-building in Toronto. After all, our city has the most number of construction cranes in North America and the existence of surface parking lots has all but vanished to give way to sky scraping condo buildings. Well, it turns out that these concerns were overrated and that condos are the main reason that the dream of home ownership is still alive and attainable for many in the GTA.
Check out Livabl's 5 Charts That Explain Why Condos Reign Supreme in the GTA.
1. Prices are maintaining their upward trend
2. Other property types aren’t doing nearly as well
3. New mortgage rules may have something to do with it
4. New condo sales have remained steady
5. Condo rents are up across the city
