Toronto's Red Hot Market

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World class city

Toronto is quickly becoming world class city, joining the likes of New York,
London and San Fransisco.The continued new condo development growth
in the GTA is unprecedented internationally. Toronto’s population grew over
three times more than the second fastest- growing city in North America,
Phoenix, Arizona.Toronto’s international profile is joining the likes of major
cities like New York City and San Francisco but with property values still far
below their markets.


Toronto is the fastest growing city in the U.S and Canada.

Condo prices five years ago on average was $379,002.
The average across Toronto in 2019 was $627,927, an increase of 66 per cent.
Toronto condo prices have gone up an average of 13% per year since 2015. Greater Toronto Area REALTORS® reported 5,367 condominium apartment sales through TREB’s MLS® System in the fourth quarter of 2019.
The average price of a condominium in the GTA increased by 10.4 per cent from $558,733 in Q4 2018 to $616,591 in Q4 2019


100's of condos in the works

Year-over-year price growth in the City of Toronto, which accounted for 71 per cent of GTA transactions, was similar to the GTA as whole, at 10.3 percent, resulting in an average price of $660,379 in 2019.
Condo development continues in the GTA with hundreds of condo towers bot under construction and planned. Additionally mega-condo developments are currently planned including Humber Bay Shores (Parklawn & Lakeshore W.) – 17 condo towers AND The Strand (@ SquareOne) – 37 towers.