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Over the period, Toronto in Canada has experienced architectural resurrection. Enough to take your breath away, various new condos in Toronto are under construction by renowned condo builders and architects.
Toronto is a dynamic city known for its vibrant culture, incredible festivals, sumptuous cuisines, excellent shopping options, and picturesque beauty. The city boasts multi-story condos, soaring skyscrapers, and excellent transit options. Public transport is easily accessible with stations like Toronto Union Station, TTC Main Street Station, and 75 operating subway stations.
An excellent place to live and work
With a population of approx. 3 million, Toronto provides an optimal business environment and a superior quality of life. As per the survey statistics Canada Labour Force, approx. 1.3 million Toronto residents are employed, and 85% of the city’s residents work in the service sector. The Toronto economy accounts for 20% of the national GDP and is the biggest contributor to the Canadian economy.
Toronto is an education hub with more than 1400 such establishments. To name a few are OCAD University, Ryerson University, York University, University of Toronto, Centennial College, George Brown College, Humber College, and others.
The city also boasts ample green spaces with more than 1600 parks. Dufferin Grove Park, High Park, Trinity Bellwood are a few of the prominent parks in the city. King West, Yorkville, Downtown Core, North York, Entertainment District, Liberty Village, etc. are some of the neighbourhoods in Toronto.
Toronto is an awe-inspiring city in Ontario, Canada. From being Canada’s economic powerhouse to the largest city in the country, Toronto has everything one could ask for! Buyers can find a plethora of reasons to buy new condos here.
If you are wondering whether buying pre-construction condos is worth it, here are the top reasons why you should go for real estate in Toronto.
• Greater market appreciation
• Minimal price fluctuations
• High rental income
• High property appreciation opportunities
• Increased cash flow from potential upgrades
The year 2020 brought major changes in every sector, but the Toronto real estate market has managed to witness a positive change. As per the TRREB condominium market report, the average price of a condo unit rose to $661,458 in 2020 as compared to that of $638,964 in the year 2019.
In times of global uncertainty, the Toronto real estate market has managed to keep its momentum. The Toronto Regional Real Estate Board records a new high for existing-home sales in the Greater Toronto Area. August 2020 witnessed the sale of 10,775 homes through the MLS system as compared to 7,682 homes sold in August 2019.
Are you looking for the best condo deal in Toronto? Conquer Condo is the go-to condo guide for all the buyers out there. Whether you are looking to buy a newly-built condo or pre-construction condo on sale in Ontario, Canada, make your way to Conquer Condo!