Source: Toronto Real Estate Board October 24, 2011 — Greater Toronto REALTORS® reported 5,770 condominium apartment transactions through the TorontoMLS® system in the third quarter of 2011, representing a 24 per cent increase over the same period in 2010. The average selling price increased by almost nine per cent to $333,352. “Condominium apartments have accounted [...]

Busy, urban and connected, it is the sort of area the city is all about. It’s why people choose to live downtown, and people are choosing to live in this part of downtown in unprecedented numbers.

Many condo owners are paying little attention to the credit when they could be reaping the benefits.

In fact, there are many opportunities for condo owners to claim the credit, including some outside of their own units.

Is the Toronto condo market either experiencing or headed for a crash? Our short answer would be no. Many conditions present in shattered markets are thankfully lacking in Toronto…

In the first four months of 2009, TREB members reported 3,945 leased condominium apartments, representing a 38% increase over the 2,854 units leased during the same period in 2008. Almost 93 per cent of all residential rental transactions on the MLS® involved condominium apartments.

Condominiums come in many forms ranging from town houses, modest low rises, and luxury high rises with 5 star amenities. There is no shortage of styles and selections to choose from. Depending on your lifestyle a condominium might be the right fit for you.

Toronto’s Downtown East (C08) experienced a 59 per cent increase compared to the same timeframe a year ago due to strong condominium and semi-detached home sales.