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Toronto

Pacific

Pacific Condos In The Junction is a new lowrise condo development by Old Stonehenge. Prices estimated to be starting from $400,000 and will feature 102 units at 7 storeys. Pacific Condos In The Junction is nearby High Park and the Keele Subway Station. The project is estimated to be completed in 2023 and will be located at 2...

19 Mar, 19
Vaughan

Mobilio

Mobilio Condos is a new high-rise condo development by Menkes Developments Ltd. Prices estimated to be starting from $400,000+. Mobilio Condos is nearby Boyd Conservation Park and the Vaughan Metropolitan Centre Subway. The project is estimated to be completed in 2023 and will be located at Interchange Way and Highway 7 in t...

14 Mar, 19
Toronto

Chateau

Chateau Auberge On The Park is a new high-rise condo development by Tridel. Prices estimated to be starting from $400,000 and will feature 251 units at 29 storeys. The project is estimated to be completed in 2023 and will be located at Eglinton Ave E & Leslie St in the Flemington Park neighbourhood in Toronto.

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11 Mar, 19
Toronto

Reunion Crossing

Reunion Crossing is a new Mid-rise condo development by Diamond Kilmer Developments. Prices estimated to be starting from $400,000 and will feature 276 units at N/A storeys. Reunion Crossing is nearby Sandra Park and the Old Weston TTC Streetcar Stop. The project is estimated to be completed in 2023 and will be located at 42...

11 Mar, 19
Toronto

Terrasse

Terrasse Condos at The Hunt Club is a new low-rise condo development by Sunrise Gate Homes. Prices estimated to be starting from $400,000 and will feature 30 units at 8 storeys. Terrasse Condos at The Hunt Club is nearby Blantyre Park and the Kingston Rd At Queensbury Ave Bus Stop. The project is estimated to be completed in...

11 Mar, 19
Mississauga

Avia

Avia Condos at Parkside Village is a new condo development by Amacon. Prices are estimated to be starting from $400,000+. Avia Condos is estimated to be completed in 2023 and will be located on Burnhamthorpe Road West and Confederation Parkway at Square One in Mississauga.

Parkside Village is a master planned community w...

6 Mar, 19
Mississauga

Exchange District

Exchange District Condos is a new high-rise condo development by Camrost-Felcorp. Prices are estimated to be starting from $400,000 to over $1,000,000 and will feature mixed retail, office, shopping & dining. Exchange District is nearby Square One Mall and the Hurontario LRT Transit. The project is estimated to be completed ...

25 Feb, 19
Richmond Hill

NEXT Phase

NEXT Phase Condos is a new midrise condo development by Sequoia Grove Homes. Prices estimated to be starting from $400,000. NEXT Phase Condos is nearby Richmond Green Park and the Elgin Mills Rd @ Melbourne Drive Bus Stop. The project is estimated to be completed in 2023 and will be located at 1000 Elgin Mills Rd E in the El...

25 Feb, 19
North York

831 Glencairn Avenue

831 Glencairn Avenue Condos is a new boutique condo development by Chestnut Hill Developments. Prices estimated to be starting from $400,000 and will feature 224 units at 10 storeys. 831 Glencairn Avenue Condos is nearby Wendrely Park and the Glencairn Subway Station. The project is estimated to be completed in 2023 and will...

25 Feb, 19
Mississauga

S2 at Stonebrook

S2 at Stonebrook is a new high-rise condo development by United Lands. Prices estimated to be starting from $400,000's to over $1,500,000. S2 at Stonebrook is nearby Meadow Wood Park and the Clarkson GO Station. The project is estimated to be completed in 2022 and will be located at Lakeshore Road West and Southdown Road in ...

14 Feb, 19
Toronto

Bartley Towns

Bartley Towns is a new luxury townhouse development by Bazis Inc. Prices estimated to be starting from $1,000,000 and will feature 88 units. Bungalow on Mercer is nearby Bartley Park and the Eglinton Ave East At Jonesville Cres East Side Bus Stop. The project is estimated to be completed in 2021 and will be located at 104 Ba...

28 Jan, 19
Toronto

Bungalow

Bungalow on Mercer is a new low-rise Condo development by Kalovida Canada. Prices estimated to be starting from $2,000,000 and will feature 13 units at 18 storeys. Bungalow on Mercer is nearby Clarence Square Park and the St Andrew TTC Station. The project is estimated to be completed in 2022 and will be located at 24 Mercer...

28 Jan, 19
Toronto

Rack House D

Rack House D Condos is a new low-rise condo development by Cityscape Development Corp. Prices estimated to be starting from $400,000 and will feature 246 units at 34 storeys. Rack House D Condos is nearby Corktown Common Park and the Distillery Loop Streetcar. The project is estimated to be completed in 2022 and will be loca...

28 Jan, 19
North York

Gorman Park

Gorman Park Condos is a new low-rise Condo development by Greenfield Quality Builders. Prices estimated to be starting from $400,000 and will feature 85 units at 9 storeys. Gorman Park Condos is nearby Earl Bales Park and the Sheppard West Subway Station. The project is estimated to be completed in 2022 and will be located a...

28 Jan, 19
North York

Tretti

Tretti Condos is a new low-rise Condo development by Collecdev. Prices estimated to be starting from $400,000 and will feature 340 units at 13 storeys. Tretti Condos is nearby Wilson Heights Park and the Wilson Subway Station. The project is estimated to be completed in 2022 and will be located at 30 Tippett Road in the Clan...

28 Jan, 19
Toronto

55C

55C (55 Charles Street) Condos is a new high-rise Condo development by MOD Developments Inc. Prices estimated to be starting from $2,500,000 and will feature 648 units at 55 storeys. 55 Charles Street Condos is nearby George Hislop Park and the Bloor-Yonge TTC Station. The project is estimated to be completed in 2023 and wil...

18 Jan, 19
Toronto

Bijou on Bloor

Bijou on Bloor is a new low-rise condo development by Plaza. Prices estimated to be starting from $400,000+. Bijou on Bloor is nearby High Park and the Jane Station. The project is estimated to be completed in 2023 and will be located at 2452 Bloor Street West in the Bloor West Village neighbourhood in Toronto.

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16 Jan, 19
Toronto

Cru

CRU 11 Yorkville Condos is a new Condo development by Metropia, RioCan Living & Capital Developments. Prices are estimated to be starting from $400,000 and will feature 716 units at 62 storeys. CRU 11 Yorkville Condos is nearby Harold Town Park and the Yonge St. At Yorkville Ave. The project is estimated to be completed by 2...

13 Jan, 19
Etobicoke

The Mimico

The Mimico is a new single family home & townhouse townhouse development by Allegra Homes. Prices estimated to be starting from $1,000,000 and will feature 30 units. The Mimico is nearby Queens Park and the Mimico Train Station. The project is estimated to be completed in 2021 and will be located at 1 Blue Goose St in the Mi...

9 Jan, 19
Mississauga

Parc Towns

Parc Towns is a new townhouse townhouse development by The Daniels Corporation. Prices estimated to be starting from $1,000,000. Parc Towns is nearby Woodland Chase Park and the Erin Mills Station . The project is estimated to be completed in 2021 and will be located at Eglinton & Erin Mills, Missisauga in the Erin Mills nei...

9 Jan, 19
North York

Azura

Azura Condos is a new condo development by Capital Developments. Prices estimated to be starting from $400,000 - $1,000,000 and will feature 339 units at 29 storeys. Azura is nearby Northtown Park and the Yonge St. TTC bus line. The project is estimated to be completed in 2022 and will be located at 15 Holmes Avenue in the W...

13 Dec, 18
Toronto

The United Bldg

The United Bldg. Condos is a new Condo development by Davpart Inc. Prices are estimated to be starting from $400,000 and will feature 748 units at 55 storeys. The United Bldg. Condos is nearby Larry Sefton Park and the University Ave At Dundas St West North Side. The project is estimated to be completed by 2022 and will be l...

7 Dec, 18
Toronto

Y&S

Y&S (Yonge & Soudan) Condos is a new Condo development by Tribute Communities. Prices are estimated to be starting from $500,000 to over $1,000,000+ and will feature 288 units at 35 storeys. Y&S Condos is nearby Eglinton Park and the 2190 Yonge Street The project is estimated to be completed by 2022 and will be located at 21...

5 Dec, 18
Toronto

Distrikt Forest Hill

Distrikt Forest Hill is a new lowrise Townhouse development by Distrikt Developments. Prices estimated to be starting from $2,000,000 and will feature 45 units at 4 storeys. Distrikt Forest Hill is nearby Cedarvale Park and the 7 Bathurst bus line. The project is estimated to be completed in 2020 and will be located at Elder...

29 Nov, 18

Condo Market Forecast 2019

Toronto Condo Market in 2019

Toronto is one of the giant real estate areas that has seen its fair share of growth in the condo market! Sales have been steadily rising since 2016 when buying a house in the Toronto area due to tighter mortgage qualifications rules and now also the higher interest rates.

As a result of this demand for condos has been very high in the 406 and 905 municipalities. According to the Building and the Land Development Association together with the Toronto Real Estate Board, the average price of new construction condos saw a huge growth of 12% in the previous years and is currently standing at $768,602. For those seeking to sell their existing condos, the average price currently sits at $595,678 which was really a 7.5% increase from the previous year. The 2019 season is expected to regulate the condo market with prices starting to fall later in the year. Early 2019 is predicted to see a rise by 5 % then is expected to fall afterward.

There are, however, different opinions available from other analysts that are still optimistic about the rise of the condo market for a more balanced in 2019. Some believe that the market will rise even further from 5% up to 8%, which will be a positive scenario for both buyers and sellers. Right now, condos that are currently priced at the $800,000 price point are still trending in the market just like condos that can be considered to be character buildings.

High prices in the city of Toronto are pushing consumers more and more towards the outskirts such as the Etobicoke and Scarborough areas to search for condos. There is a large discrepancy between the prices of condos that are closer to the downtown area when compared to condos that are further from the center of town. If you are currently looking for a condo and want to get one that will give you the best value for your money in 2019, please head over to our website at condoroyalty.com today to see a full list of condo developments in the GTA.

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