As we look forward to spring in Toronto, 2018 is proving to be stellar for condo values in the city.
In a recent post by BuzzBuzzNews Canada, a few condo buildings were highlighted as appreciating the most within the city limits. Cityplace hit the list a few times. Apex (Front St W and Blue Jays Way) has appreciated 36.5% to $735.72 psf. Luna Vista (south west of Front St W and Spadina) appreciated 35% to $728.96 psf. What an excellent return on your investment!
Not surprisingly, the Bremner and Spadina area seemed to produce some excellent results in condo price appreciation. Harbour View Estates made the list two times, with phase I showing an increase of 32.6% to $757.63 psf, and phase III showing an increase of 33.8% to $743.16 psf. Rather respectable growth.
Condos continue to prove to be a popular choice for those wishing to downsize, young professionals opting to “live where they work”, or simply get their feet into the market. Either way condos have demonstrated, yet again, to be an excellent investment. Toronto is certainly becoming a mini Manhattan faster than we think, with property values quite undervalued in the global market.
Those wishing to get into the condo market should not delay. Interested in buying your first place? Looking to invest? Relocating to Toronto Ontario, or relocating to North York Ontario? I can help. I am an experienced realtor. I know the Toronto and GTA real estate and rental market, and can give you honest, educated advice on all things real estate when moving to Toronto. Don’t wait to get into the market. Start now, start small, and stay patient.
So give me a call to discuss today.