Toronto is one of the most popular cities to live in, and Toronto condos are some of the best investments. Toronto’s real estate market was ranked as second-best in North America by MoneySense Magazine, and Toronto condo prices increased at a rate that was faster than any other city on their list.
Toronto has an average price per square foot of $431 for single units, which is higher than New York City ($388) and Chicago ($325). What we’re seeing now though is that Toronto condos have been sold so quickly over the past few years that there seems to be a shortage.
This means Toronto condo prices will likely increase even more, but if you ever want to buy a Toronto condo it might not be too late.
For more information on the Toronto condo market, check online. Thank you for reading.