What makes one condo development more popular than another? Why do some sell all their units before the foundation for the building is even laid while others languish in the listings long after the building is finished and ready for residents to move in? There are many factors which convince buyers to choose one condo over another. Here are a few of the bigger ones.
Reports released yesterday are showing that even when the world markets have plummeted, the sale of Toronto condos broke the 2007 record for the same month by 35%. these reports were released by the Toronto Real Estate Board (TREB).
The increase in condo sales also coincides with an increase in the resale housing market in Toronto of 23% in July 2011 over July 2010.
The average selling price in Toronto in July was $459,122 compared to $418,675, this is a year on year increase of almost 10%.
For first time buyers many couples choose to first own a condominium or town home because they of the smaller size and lower price tag. Young couples or urban professionals often choose a townhome or condo because they are in no need for a large detached family dwelling yet. Mississauga Townhomes and condos are also more affordable than the average semi or fully detached home in the city. Townhome living can be convenient, practical and low maintenance for the buyers. With over three hundred developments in the city there is sure to be one that fits your needs entirely. A Mississauga Realtor would be happy to show you the large selection of townhomes available.
If you are searching the real estate market and looking to buy a Condo for Sale in Scarborough you will have a nice selection to choose from. The range in condominium developments in the Scarborough area varies from mid price ranged two bedroom modest units to high end luxury units and penthouse suites. A developer by the name Tridel has two popular Scarborough Condos buildings which are Solaris at Metrogate and Legends. Another new development with phase 2 now selling is called Centro and is within walking distance to the Scarborough Two Centre and public transit. Condos are the first choice of many first time home buyers as they are much more affordable than single family dwellings and they are virtually maintenance free. Many want to live and work downtown and the affordability of Scarborough Condos makes this a reality for them.
Toronto has a fine list of luxury homes or estates for those in the real estate market for one. A Toronto Estate Agent is able to find private clients and sometimes even executive clients from out of town moving in to the area, a place they can call home. Estate agents are often highly experienced and qualified experts on high end real estate transactions. These agents can often can inside knowledge on luxury homes or condos in the GTA that is not general knowledge to the public or other real estate agents. Estate agents in Toronto work for firms that have large networks and resources that helps enable them to find exactly what it is their client is looking for.