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.

Subscribe to our Monthly Market Reports