Despite the ever increasing cost of homes and condos in downtown Toronto more and more people are making the move. Some are young couples choosing to live downtown close to work so they are not faced with a morning commute and some are new retirees looking to be close to downtown city life and all its amenities. Now that the interest rates are low and mortgages can carry longer amortizations more people are afford to buy homes, especially downtown. With more demand from buyers now, the value for the condos and homes in Toronto are increasing in value more quickly than those in the surrounding areas.

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