When most people think of buying downtown Toronto condominiums the impression they have is of a temporary purchase. Something to buy now in order to get into the real estate market with the intent of moving up to home later down the road. This has typically been because the general appreciation of a condo has been less than for an average Toronto home. But it seems the times are changing.
For the very first time in the Greater Toronto Area the appreciation of downtown Toronto condominiums has surpassed that of single-detached Toronto homes. For 2007 the average price for downtown Toronto condominiums rose just over 12%. For the same period the average single-detach dowtown Toronto home rose just over 11%. So even though those buying a condo are often forced to comprisme on the type of housing they can afford, the appreciat gains will help get them to the home of their dreams sooner than they may have expected.
If you are in the market for downtown Toronto condominiums, start your search here and browse through hundreds of available listings. And if you cannot find quite what you ahd in mind, visit the Find Your Dream Home section. Fill-out the form and downtown Toronto condominiums that match your criteria will be sent to you promptly. The Adil Esmail team will be happy to assist you with all of your condo buying needs.