The lineups to buy condos including the media hype about 1 Bloor Street is amazing. From January to September of this year there were 38,982 condos sold in Toronto. Right now there are 249 projects currently being marketed making Toronto the largest condo site in North America. As we know Vancouver embraced condo sales as 60% of the MLS sales relate to apartments. So the price of land is driving buyers to condos and in many cases they are outselling homes. In North York alone there are many developments underway. Tridel Avonshire has had success selling their units since their sales centre opened in September. Recently the Oulahen Team have had multiple offers on many of our condo listings. There is a fever in this area that did not exist prior to 2007 in condo sales. The average price of a home in Willowdale is $333,021 and a parcel of land considerably higher and in some cases double that price. Condos do not seem to be a phase. They are a real part of the market and represent a great option for first time buyers, people downsizing and someone looking for carefree living. Call us for details on any condo project that is pre-construction, new or resale in Toronto. We have knowledge, advice and experience in this area.
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