About Toronto Condos for Sale

Toronto’s condo market is booming and for good reason. As Canada’s largest economic hub, the city has seen significant growth in both population and economy over the past few decades. As the city grows, so too does demand for new condo developments. A Toronto condo is a great investment opportunity, as real estate experts believe demand will continue to increase.

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1 Bloor St W Ph 8204, Toronto

$32,000,000

1 Bloor St W Ph 8204, Toronto

3 Beds 6 Baths 5,000 SqFt Condominium MLS® # C5837496

FERROW REAL ESTATE INC., BROKERAGE

7 Dale Ave Ph8, Toronto

$17,775,000

7 Dale Ave Ph8, Toronto

2 Beds 5 Baths 3,000 SqFt Condominium MLS® # C5811547

MILBORNE REAL ESTATE INC., BROKERAGE

180 University Ave 5602, Toronto

$12,000,000

180 University Ave 5602, Toronto

3 Beds 4 Baths 4,250 SqFt Condominium MLS® # C5784785

CHESTNUT PARK REAL ESTATE LIMITED, BROKERAGE

36 Hazelton  Ave 5b, Toronto

$11,499,000

36 Hazelton Ave 5b, Toronto

2 Beds 3 Baths 3,750 SqFt Condominium MLS® # C5812686

PSR, BROKERAGE

118 Yorkville Ave 604, Toronto

$9,990,000

118 Yorkville Ave 604, Toronto

3 Beds 3 Baths 3,500 SqFt Condominium MLS® # C5637899

RE/MAX REALTRON BARRY COHEN HOMES INC., BROKERAGE

160 Trafalgar Rd Ph, Oakville

$8,999,000

160 Trafalgar Rd Ph, Oakville

3 Beds 5 Baths 4,750 SqFt Condominium MLS® # W5644139

REXIG REALTY INVESTMENT GROUP LTD., BROKERAGE

118 Yorkville Ave 602, Toronto

$8,990,000

118 Yorkville Ave 602, Toronto

3 Beds 3 Baths 4,000 SqFt Condominium MLS® # C5728980

RE/MAX REALTRON BARRY COHEN HOMES INC., BROKERAGE

7 Dale Ave 308, Toronto

$8,599,000

7 Dale Ave 308, Toronto

2 Beds 3 Baths 3,000 SqFt Condominium MLS® # C5784360

MILBORNE REAL ESTATE INC., BROKERAGE

200 Russell Hill Rd 101, Toronto

$8,149,000

200 Russell Hill Rd 101, Toronto

2 Beds 3 Baths 3,000 SqFt Condominium MLS® # C5693425

FOREST HILL REAL ESTATE INC., BROKERAGE

21 Oaklands Ave, Toronto

$7,895,000

21 Oaklands Ave, Toronto

4 Beds 5 Baths 3,500 SqFt Condominium MLS® # C5770456

CHESTNUT PARK REAL ESTATE LIMITED, BROKERAGE

118 Merchants' Wharf Gph1, Toronto

$7,300,000

118 Merchants' Wharf Gph1, Toronto

3 Beds 4 Baths 5,000 SqFt Condominium MLS® # C5787213

GOLDEN HOUSE REALTY INC., BROKERAGE

50 Yorkville Ave 2604, Toronto

$6,500,000

50 Yorkville Ave 2604, Toronto

2 Beds 3 Baths 2,250 SqFt Condominium MLS® # C5812790

HAZELTON REAL ESTATE INC., BROKERAGE

Why Invest in a Toronto Condo?

You may be asking yourself, “Is a Toronto condo a good investment?” The short answer is yes. A Toronto condo can be an excellent long-term investment if you know what to look for. These are just a few reasons why you should consider investing in a Toronto condo.

Potential Equity Gains

The main reason to invest in a Toronto condo is that it is highly likely that your condo will appreciate in value over time.

According to Canadian Mortgage Professional magazine, condo prices in Toronto have risen 44% since 2017. Although condo sales dropped briefly during the pandemic, prices have returned to pre-pandemic levels and are expected to rise.

Investing in a Toronto condo is a great way to build equity. As you pay off your mortgage and your condo appreciates in value, your equity will increase. You can use your equity against a loan or put it towards another property.

High Demand for Rentals

As a hub of commerce and education, Toronto attracts a wide range of people. Every year the city sees a huge influx of people from young professionals to families, immigrants, and students, many of whom are looking to rent condos.

Condos are the ideal choice for people who can’t afford or don’t want to buy a home, but also don’t want to live in an apartment. Many new arrivals to Toronto want the convenience and peace of mind of living in a secure building.

The average rental rate for a one-bedroom condo in Toronto is over $2,200. You may be able to charge more depending on the location and size of your condo and the quality of amenities. The rent you charge for your condo can help pay off your mortgage.

Woman on a balcony looking at Toronto condos

Should I Buy a Pre-Construction Condo in Toronto or an Existing Condo?

When it comes to buying Toronto condos, you can opt to purchase an existing condo or a condo that is in the pre-construction phase. There are benefits to both.

With an existing condo, you can attend a showing to see what the condo looks like and how it feels to you. Your real estate agent or the condo owner can fill you in on all the details of the property including condo fees, homeowner association regulations, and bylaws.

Another benefit of buying an existing condo is that you will be able to move in right away. Once the papers are signed and you close on the condo, it’s yours to move into, redecorate, or renovate. 

A pre-construction condo may not be ready for some time after you sign the paperwork, but it does give you the option to customize. You can have a say in the layout, finishes, and features like cabinets, tiles, and flooring.

In addition, a pre-construction condo can save you money. Toronto pre-construction condos are priced on what the predicted costs to build will be. By the time the project is completed, the value may have already risen on your new condo.

 

Jay Banerjei Real Estate Pre-Construction Investment Specialist

Contact Jay Banerjei today to help you with your Pre-Construction Real Estate Investment

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