There are constantly new condominium projects in the city that are under development.

More information is posted on the torontosuburbs blog and you can subscribe to the blog to receive updates.

I was posed an interesting question recently by a client. "How is the condo market in Toronto for someone who is looking to move downtown? Any insight?". 

Condo Market Trends in Toronto 2005-2008
This chart shows that prices are still rising, we can discount the huge rise last year (Sept-Dec), which was inflated because of the Land Transfer Tax that was implemented in early 2008. There was a huge land-rush for higher priced properties to beat the extra tax that buyers would have to pay. On average the price of the condo you bought two years ago has definitely gone up from on average $288,708 in 2006 to $334,413 in 2008 still a respectable return of over 12%.

Condominiums are always a great way to build equity, since a lot of people new to Toronto buy condominiums, a lot of singles and new couples also enter the property market this way. A condominium with good square footage, 2 bedrooms and 2 bathrooms is always saleable.

To start looking at the many options available in the GTA for condominiums, give me call 416-518-8188 and we can meet to evaluate your needs and find buildings that work with your lifestyle.