Finding a Place to Live in Toronto 2019

Toronto is a diverse city offering a wide range of opportunities for living the life you've always dreamt of. In the widespread different neighbourhoods you’ll find that each one offers its own charm and comes with its own unique identity. The location where you choose to live all depends on your lifestyle preferences. If you're looking for an area with an active nightlife, for example, you should take a look at the condos on offer closer to the downtown core. If you're looking for something more subdued and relaxed, you may be better off looking for condominiums for sale in the suburbs.

The rents in Toronto continue to rise year after year and for many people it makes more sense to invest in a condo than to continue to pay an exorbitant amount for rent every month. This is one of the reasons why condos have become so popular in the GTA and why so many new developments continue to be built. As well, with single family dwellings out of reach for most first time homebuyers, condos are the perfect opportunity for these individuals to step into the housing market.

If you're searching for a condo right now, take a look through our website to see the amazing developments that are available across the Toronto area. You'll be able to narrow down your search with our search filter so that you can find the perfect condo in the right location that meets your budget. We have designed our website to be user-friendly so that you can easily pinpoint your top selections.

If you need any help at all looking for a condo, please feel free to contact us. You'll find all of the new developments in the GTA, including Mississauga Condos, on our site and will be able to make easy comparisons between ones that appeal to you the most. When you want to save time and use the best Toronto condo resource website available, visit condoroyalty.com!

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.