Toronto New Condos

 Condos Value & Trends (price per square Approx.)

Why you should invest in Pre-construction Condos Toronto?

Toronto condos offer a wide variety of amenities close to home – be it upscale restaurants, educational centres, entertainment and recreation, shopping destinations, greenspaces or transit options – Toronto offers it all! Living in a New Condo Toronto, there is plenty to do nearby. Toronto is considered a highly prestigious address because of its many world-class amenities, beautiful greenspaces and of course the lovely waterfront. Owning a home in Toronto can be a transformation in not just lifestyle!

Toronto real estate market continues to grow. New condominiums dominate the real estate market, as more and more new condo developments keep coming up. The trend is for homebuyers choosing to buy larger condo suites. Another trend is the inclusion of not only retail spaces in the condo, but also of office spaces, day care and parks. These multi-use condominiums are expected to grow in number in the near future. Also see new pre-construction condos in Mississauga.

Average House price in Toronto –

Current Toronto MLS stats indicate an average house price of $1,117,417 in Toronto, as of December, 2021 across the board. Toronto average selling price stays at $1.1 million by the end of 2021 whereas it was 840,761 in 2019. From 2020, this shows an increase of 13.8%.

Condo prices in Toronto –

Prices of Toronto condos have risen by 21%, as of December, 2021. Studio units in a condo in Toronto is  priced around $474,000, a 1-bedroom suite is priced at around $635,000, a 2-bedroom condo suite is priced around $889,000, and a 3-bedroom suite is priced around $1 million. All suite sizes have shown an increase in price.

Townhome prices in Toronto –

Along with condominium prices, townhome prices in Toronto have also risen. A 1-bedroom townhouse can be priced at approximately $572,000, a 2-bedroom townhouse at $934,000, a 3-bedroom townhouse at $1.2 million, and a 4-bedroom townhome at $1.5 million. On an average, prices of townhomes in Toronto have increased by an average of 21%. Except for the prices of a 1-bedroom townhome, all other townhomes suite types have shown an increase in prices.

Detached homes prices in Toronto –

Prices of detached homes in Toronto have also shown an increase of 20%. A 2-bedroom detached home can be around $1.2 million, showing an 18% increase in price. A 3-bedroom detached home can be $1.5 million, and a 4-bedroom home can be 2.3 million. Between 2-bedroom to 5-bedroom detached homes, there has been an increase in prices of 16%-21%.

Real estate trend in Toronto –

Purchasing Toronto Condo for sale means being at the epicentre of a growing and dynamic real estate economy. The rate at which infrastructure and condo developments are increasing in Toronto is surprising. This, in turn, will help in growing the economy and better investments in and around the town. Residents need to do one thing to ensure that they are always on top of this fast-paced market: strategic thinking and purchases are crucial.

• There are many upcoming condo projects in Toronto – from new high-rise condo developments, new low-rise condo developments, and townhomes – there is a wide variety of plush condo suites for single working professionals, families, and empty nesters.
• The Toronto condo market is the hottest in the country with an average of 4000 plus condos for sale at any given time.
• Over the past 10 years, the average price per square foot in Toronto Condo resale price per square feet has steadily risen and outperformed the TSX, making real estate a strong investment.
• With Toronto real estate  & condo developments going up, this means the creation of exciting new areas of the city to check out. The condo boom has helped the city in more ways than one, with new restaurants and shops opening all the time in neighbourhoods that once didn’t have so many.

Toronto Condo Market Facts –

Toronto is expected to have the most high-rise condominiums in the world. Young single professionals between the ages of 25-35 prefer the downtown core as their desired location to live; and that’s exactly where the city’s condo developments market has exploded over the last decade. Also see new pre-construction condos in Vaughan.

– There is an abundance of new pre-constructed condos for sale in Toronto, and this will add to Toronto’s growth, competitive edge and quality of life. For those who love big cities like New York and Los Angeles but want to live in a place with less crime, Toronto is a great fit.

– Some of Toronto’s most coveted neighbourhoods are situated in or near downtown. From students and executives to cultural enthusiast and partygoers, you’ll find that everyone congregates in the vibrant transit hub. There are a plethora of residential real estate opportunities for homebuyers in the downtown area.

– The energetic city features a massive selection of residences with different styles and features, from first high-rise developments that can be traced back to the 1950s, to refurbished industrial buildings. Condos for sale in Toronto real estate typically boast luxury amenities; such as 24-hour concierge assistance, swimming pools, fully equipped gyms, sleek finishes and architecture, outdoor balconies, quartz countertops, kids play area, guest suites, lounges, outdoor terrace, and spas.

The best condos in Toronto are mainly offered at entry level prices, and the more prestigious developments may have units priced at over one million. Also see new pre-construction condos in Etobicoke.

Downtown Toronto Condos – 

Downtown condos in Toronto are also highly praised for their stunning view of the waterfront and the skyline. Every day, more and more luxury condominiums are popping up in communities in downtown Toronto with higher price per square ft.

New Condo Toronto Towers boasting stunning modern architecture dominate the city skyline in the form of prestigious neighbourhoods that’s rival even the most high-end resorts and luxurious hotels. Currently, some residences that are selling, are underway or coming soon in the downtown area are Weston Park Condos, Southport Condos, Celeste Condos, The Frederick Condos, Alias Condos, King Toronto Condos, The Goode Condos, Canary House Condos, Oscar Residences, House of Assembly Condos, Nahid Kennedy, Burke Condos, MRKT Condos, QA Condos, Galleria on the Park 3, Forest Hill Private Residences, Jac Condos, Crosstown 3 Condos, XO 2 Condos,  Artistry Condos, and No. 55 Mercer Condos to name a few.

Toronto is a world-class city that offers all amenities. Whether it is fine dining restaurants, top shopping centres of the world, art centres, educational institutes or transit options – Toronto tops the charts in providing its residents with it all.

Toronto Condo Living

Pre-construction Condos Toronto market is a global phenomenon of a world-class city with soaring skyscrapers and multi-storey condo developments because of the record number of immigration to the country. Toronto is a multicultural, diverse mega-city that provides a perfect business environment for companies looking for a competitive edge in the global market. Toronto has it all — luxury residences, fine restaurants, plush entertainment centres, exclusive shopping destinations, world-class educational institutes, and recreational attractions — there are endless opportunities for New Condos in Toronto in the most vibrant neighbourhood. Also see new pre-construction condos in Oakville.

Bordered by Lake Ontario, the beautiful city offers a complete urban lifestyle with everything right at your fingertips. Moreover, it is Canada’s financial and business capital. Of course, it’s no secret why many condominium developers today have their eyes set on downtown Toronto because of price per square feet value. Life in the vibrant hub places you at the center of everything; be it dining, shopping, art, entertainment, or recreation, some of the city’s most beautiful destinations are located in downtown Toronto.

Toronto no matter what its called – whether it be Hogtown, Hollywood North, T.O., The Megacity, T-dot, We The North, The 416 or just simply the 6ix – it’s home; a vibrant, big-time city abuzz with endless activities. Being known, as the largest city in Canada is only one of the things that Toronto can brag about; it is also home to thousands of condos.

The construction of  Toronto New Condo Projects has really amped up in the past 10 years, which has made the existing skyline quite exciting. The revitalization of the Downtown Core, due to the Condo boom, has once again made The Waterfront the place to be. Previously unloved and unused areas, like the far east corners of The Distillery District, are now home to thousands of people. When you need to escape the demands of work, school, or family obligation, and relax; the city has what you need. Condos in Toronto residents never have to travel too far from home, whether they’re looking to spend the evening relaxing or get glammed up and go partying.

Toronto is home to Eaton Centre, which boasts a plethora of retail brands, as well as Yonge/Dundas Square, Canada’s very own Times Square. For secondary and tertiary education options, the opportunities are abundant in downtown Toronto. The world recognized Ryerson University is situated within the area, along with other quality institutions; like George Brown College and OCAD University. For healthcare, there are numerous quality medical facilities; such as Mt. Sinai Hospital, The Hospital for Sick Children, and Toronto General Hospital, which all offer immediate healthcare when needed. Also see new pre-construction condos in Oshawa.

Toronto Condominiums Transit Options

Toronto is rated as one of the top global cities with economic clout, only behind New York. Toronto is one of the most accessible cities in North America. The TTC (Toronto Transit Commission) is a great option to get in and around the city. Their fleet consists of subways, streetcars and buses. Toronto has North America’s third largest public transit system after New York City and Mexico City.

Subways and streetcar service for Toronto Condo residents – 

• The Bloor-Yonge station is the busiest subway line, providing quick transit throughout the city. It’s situated at the intersection of Yonge Street and Bloor Street, one of the main reasons for its growing daily ridership of 731,880.
• In addition to subway lines, there are numerous streetcars that many famous streets in downtown Toronto like richmond hill, as well as public buses as a substitute outside the core of the city. Streetcars typically run every 5 to 7 minutes during the day and people considering New Condos in Toronto can board one with a transfer from the subway station, or if this is a hassle you can always pay after you’ve reached your destination.
• Some of the newest Toronto condos and  Toronto Preconstruction Condos are directly connected to the Subway and/or PATH System. During later hours, streetcars and buses will allow female commuters and children to request stops between the TTC designated stop points.
• Another project worth noting is the incoming Under Gardiner Park. King St, Richmond Hill St, New LRT lines and bike lanes will be implemented in dedication to creating a more pedestrian-friendly streetscape.

PATH pedestrian system for Toronto Condo residents –

Another transit connection system is to use the PATH system, which is the largest underground pedestrian walkway in North America. It connects 1200 restaurants and stores, approximately fifty office towers, twenty parking garages, six subway stations and a railway terminal over its; 28 km span. Each letter in PATH embodies a different colour, each representing a direction. The P is red, which represents the south. The orange A directs pedestrians to the west, while the blue T directs them north. The yellow H which points to the east. Condos in Toronto like Pinnacle One Yonge & Sugar Wharf Condos have Direct Path Connection Whereas United Bldg will have Direct Subway Connectivity. Also see new pre-construction condos in Kitchener.

Taxi and Bicyle Service for Toronto Condo residents –

Alternatively, there is the option to travel by taxi/Uber, ride a bike or go for a stroll. Taxis frequent the Toronto Richmond Hill area and will typically offer drop-offs to neighbouring areas for a price of $15. Fares increase with greater distances but can be relatively low depending on the traffic present while living in one of the new condos in Toronto.

For those who love biking, there are many famous thoroughfares with bike lanes in the downtown area. Residents are allowed to carry their bicycles on all streetcars, buses and subway trains in the city, except for doing so during early morning rush hours. While you’ll notice some people cycling in the area, it not recommended due to the dominance of streetcar tracks. Also see new pre-construction condos in Pickering.

Education and Schools in Toronto

Condo Developments in Toronto near the education institutes like Ryerson University or University of Toronto often see quick sellouts as they are very short off in house residencies. Being among the most populated cities in North America. The city is home to a number of elementary, secondary, and post-secondary institutions. In addition to those institutions, the city is also home several specialty and supplementary schools, which provide schooling for specific crafts, or are intended to provide additional educational support. The city’s educational standards are quite high. The credit for this goes to its overall development in all the spheres in the past few years. The education sector in Toronto is growing rapidly. The sector employs over 100,000 employees with the total annual wage coming up to $7.2B. There are institutes, schools and colleges for every sector of society. The city also has several public and private schools where the young generation to learn new things.

The place is slowly becoming an educational hub. There are several public and private schools in Toronto offering quality education to the students. Four publicly funded school boards provide elementary and secondary schooling to residents of the city, from Junior Kindergarten to Grade 12. The four school boards operate as either English or French first language school boards, and as either secular or separate school boards. In addition to publicly funded schools, elementary and secondary education is also provided by private religious school boards, independent religious schools, or independent secular institutions, such as college-preparatory schools.

Toronto is also home to a number of post-secondary institutions. There are five universities in Toronto with degree-granting authority, four of which are public university, while the other is a private seminary. OCAD University, Ryerson University, University of Toronto and York University are publicly funded whereas Northeastern University the only U.S.-based private university. In addition there are four degree- and diploma-granting colleges based in the city. Other post-secondary institutions based in Ontario have also established satellite campuses in Toronto. Other forms of post-secondary institutions in Toronto consists of private vocational schools. Centennial College, George Brown College, Humber College & Seneca College are few public Funded Colleges. Also see new pre-construction condos in Scarborough.

Healthcare in Toronto

The healthcare sector in Toronto is quite well established. There several big-city hospitals offering all the top-class medical facilities to its patients. Mount Sinai Hospital and St. Joseph’s Health Centre are amongst the top hospitals in the city. The doctors available at the medical centers are highly qualified and experienced and offer excellent treatment to the patients. Condos near hospital district like Artistry Condos, Artists Alley Condos, United Bldg Condos Sells very fast and at premium compared to other developments in downtown Toronto.

Healthcare is not free in Toronto. Ontario residents who hold an Ontario Health Card have their fees billed to OHIP which is the Ontario Health Insurance Plan. Canadian residents who have healthcare through their provincial plans will have their charges billed by OHIP to the other province’s healthcare agency. Thus Canadians are covered throughout Canada. The average Canadian household spends $2000 on health care costs and $4000 on private insurance premiums. 65% of Canadians have some form of private health insurance most often provided through their employers. Also see new pre-construction condos in Brampton.

Toronto Pre-construction Condos Top Neighbourhoods

Toronto has as many of 239 neighbourhoods, each offering residents a unique lifestyle for example Forest Hill & St Clair condos for luxury. With condos, homes, rentals, parks, shops, restaurants, culture, festivals and more, Toronto neighbourhoods like Richmond Hill have something for everyone. Toronto and new condo developments in Toronto pretty much go hand-in-hand.

We’ve been talking about the condo boom for quite some time now and as cranes continue to dominate our skyline, Toronto pre-construction condos market is booming overall but some areas are hotter than others. These are Toronto’s hottest neighbourhood for new condos right now.