The Toronto Condo Market

The Toronto condo market has been particularly hot for the past number of years with new condos being built constantly.

While some have suggested that there is a housing bubble that is about to burst, others claim that the demand for condo living in Toronto will remain high and that the new buildings being erected are simply meeting demand.

During 2005, condo sales records were set and in the first 7 months of 2006, sales to date were ahead of even that record setting pace.

Toronto tends to be an expensive city by Canadian standards but not so much when you compare it to world cities especially in Europe and Asia.

When it comes to Toronto condos, the price of condos compared to other large Canadian cities is actually not as large as many people think. Again, the desire of people – especially younger people – to live downtown and experience the condo lifestyle remains strong.



For investors, a condo purchase in Toronto might be an investment choice especially as it is cheaper than a purchase in many major US cities.

Parking tends to be at a premium in Toronto and public parking tends to be expensive especially in the downtown core. It’s not uncommon to pay upwards of $20 per day for parking in the business district for example.

In that regard, condo living in Toronto might be more expensive than living outside the city but if you’re working downtown, you might achieve cost savings by not requiring to pay for a car and parking.

Toronto transit tends to be very reliable with subways, streetcars and buses connecting the downtown area and helping people move around the city in all directions.

Tip: Toronto is one of only two cities in North America (along with San Francisco) whose public transit systems continue to utilize streetcars.