Condo Prices
The resale market has settled at just under $400 per sq.ft. The new buildings are running from $400 up to $450+. Where will it end?
A new developer from Vancouver at the high end of the market thinks Toronto prices are cheap. he is building at up to $2,000 per sq.ft. I don't think Toronto is ready for that.
At the same time , the latest CMHC forecast of the Toronto Condo Market expects prices to rise by more than the 3.6% average this year for real estate.
And our own Company is forecasting over the long term that prices will more than double in ten years.
A new developer from Vancouver at the high end of the market thinks Toronto prices are cheap. he is building at up to $2,000 per sq.ft. I don't think Toronto is ready for that.
At the same time , the latest CMHC forecast of the Toronto Condo Market expects prices to rise by more than the 3.6% average this year for real estate.
And our own Company is forecasting over the long term that prices will more than double in ten years.
Labels: Condo Prices
posted by RemaxCondosPlus at
6:04 PM
2 Comments:
yup today's prices will look like a bargain in a couple of years
I would be curious to know the average price appreciation anticipated in C01. CMHC says more than 3.6% AVERAGE for real estate, but that includes many areas.
I think prices will go up, sure. But Toronto needs to also provide good facilities to keep the momentum going. What about schools to make sure young people who start having families continue living down here and don't take off to the burbs again.
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