Sat. Feb 24th, 2024

Business News on the Fly

Toronto Condos: Stock Is Rising At A Faster Rate Then Most Cities

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.