Consistently, various worldwide publications consider Toronto City as one of the best places to live in. It’s the fourth most populous municipality in North America, no wonder why Toronto pre-construction condos and new condo developments have been flourishing. The growth of existing and new condo developments since the early 2000s is fast and furious, with attractive condo prices as well. Most of the skyline has changed because of the great demand for condos in the city, and the desire for access is higher today.
Whether you searched google for pre-construction or new condo developments for sale in Toronto or townhomes in Toronto, we have you covered.
Before we get into the condos Toronto has for sale, the condos Toronto offers sometimes go by build, pre-build condos, and presale condos.
New Condos Toronto Investment Opportunities
If you invested in Toronto pre-construction condo developments right before its condominium boom in 2009, data says you would be looking at a development return of over 100%. The average one-bed new condo in 2010 was selling for 280,000. Now, data says these condos in 2020 would be selling for an average of 580,000.
- 1 year 7.36%
- 5 year 68.9%
- 10 year +104%
These are roughly the same 2 bedroom and 3 bedroom condos. If you invested in a list of condos early on the development stage, you would’ve made a great return from Toronto pre-construction developments and condos. Still, you can access great development opportunities to invest in with condos Toronto City has selling year-round.
Real Estate Growth — Pre Construction Condos in Toronto
Over the past 20 years, the desire to live in downtown Toronto neighborhoods has grown immensely. The density of development projects in the condo market is growing. In the early 2000s, you’ll see world-class new condos in Toronto with a selling price per square foot at $300. The price per square foot has ballooned with condos and development averaging at $1,000 per square foot. You can even access some development projects with selling prices as much as $2,000 per square foot. Recent data shows that construction and selling of condos and pre-construction condo developments have also risen in this address – and more are coming soon.
Prices in this city aren’t as low as in others. Admittedly, these prices are pretty steep for low-income individuals. Nevertheless, the amenities and location justify the prices of condos.
Once considered a bit of a novelty in the Toronto real estate market, condo developments in the early 2000s was growing high. As of 2018, Toronto has added the selling of 110,000 condos – with many condos Toronto has being purchased by millennials, investors, and new home buyers. Of course, the prices went from low to high. Toronto’s developer desirability and access to opportunities will drive up a list of new and pre-construction properties and the average selling price per square foot for the future.
Toronto New Condos—Neighbourhoods That You Can Find
Toronto, Ontario is unofficially broken up into four separate sections: Toronto, Etobicoke, North York, and Scarborough. These were all individual cities in Canada, but according to data, the regions were amalgamated in 1999 into what’s known today as Toronto City. Locals still commonly use these names to differentiate the areas within the location. Some of the more popular and exciting areas are listed below so you can easily find and access the best home or condominium.
When it comes to top-notch condos, it doesn’t matter which neighborhood or pre-construction project developer you prefer. All of them have new condo developments for sale that will meet your needs, whether you want a high or low-rise building. Data shows that the price per square foot varies the more condos are away from downtown, so selling prices of condos are more expensive if your home address is near the district.
Economy
The economy is another factor for choosing pre-construction development properties or condos, and the price per square foot of new listings can depend on this. Toronto’s main economy is centered around Canada’s Big 5 Banks, all of which have their head offices in the city.
Toronto and its neighboring city Kitchener are considered to be Silicon Valley North with plenty of startups in development plus Fortune 500 companies. People all over the map are flocking to the Greater Toronto Area in search of condominiums, pre-construction projects, condos, and other properties with great prices that have access to these opportunities.
Most large corporations in Canada have their headquarters address in Toronto which includes the Woodbridge Company, Manulife Financial, Canadian Tire Corp, and Sun Life Financial. Of course, another advantage of condos and pre-construction properties in this city.
That’s why in Toronto, new condo developments are filling up. The average selling price per square foot is driven up in these condominiums as well, so respective owners who wish to access this condo market must be prepared.
Transportation near my Toronto Condo
Transportation is important when choosing condos. Two major highways service the residents of downtown Toronto. The Gardiner Expressway is the major artery through the downtown core. Running parallel is the 401. Connected to both of them is the 427 which runs north and south of the city. Most of the time, transportation is easy when you invest in Toronto pre-construction projects, condos, and developments.
The public transit system is called the Toronto Transit Commission. Toronto has subway lines, streetcars, and buses, making it convenient for residents living in condos near the area.
Something unique you can access in Toronto is the PATH system, a series of underground and ground-level walkways that encompass many shops’ services and entertainment. If you live in condos or pre-construction homes in the area, you’ll have access to this system too.
The Go train system connects Toronto to neighboring cities and towns on the map, so people living in Toronto pre-construction condos and developments can access this every time.
GO’s other train lines also have access to other communities like Kitchener, and Oshawa. With your Toronto pre-construction condominium in downtown Toronto, you don’t have to search high and low for transportation.
As such, residents living in condos, pre-construction properties, and homes nearby have great transit access.
What to do near my Toronto condo
Toronto is one of the world-class locations for condos, only falling behind New York and Los Angeles. Most of the time, concert tours in Canada will stop in the Toronto area, so condos in the neighborhood give the best access for entertainment.
The CN Tower in Toronto, Ontario is also an attraction. On the north of pre-construction developments and condos in the city is Canada’s largest amusement park, Wonderland. If you’re going shopping, Queen Street West is a great spot. So people living in pre-construction or new condo developments in Toronto have access to this list of attractions close to home.
Will I be safe in a condo in Toronto?
The simple answer is yes. If you’re looking for a safe residential place or new condo development in Toronto, condos in this address check the box. Crime rates are very low compared to other neighborhoods, so investing in pre-construction properties and new condo developments is wise.
Also, the Economist ranked Toronto as the safest city in North America and the fourth safest major city in the world.
Pre-construction Condos in Toronto and why it’s right for you
Toronto is the financial capital
Whether you’re looking for work or starting a top-notch business, investing in a new home or pre-construction development property in the Toronto area is smart. Toronto pre-construction property developments are available in many neighborhoods, so you have access to condos in different neighborhoods like Queen’s Quay.
Amazing opportunities for employment
With many financial institutions nearby condos and pre-construction developments, new condominium residents can experience abundant employment opportunities. Those living in condos in Toronto are closer to some of the highest paying jobs in North America, and this drives up the prices too.
The search for homes, condominium complexes, or pre-construction developments is easy. Whether you want low or high-rise condominium projects, there’s a developer out there to provide such condos for sale, whether you want pre-construction projects from the Times Group Corporation or The Daniels Corporation.
Never a dull moment
With access to sports, music, festivals, and amusements – you can always search for activities because property homes and pre-construction condos are nearby.
The city has seen amazing growth not only in Toronto condominium units, pre-construction properties, and condos but in opportunities too. It’s not too late to invest in condos or pre-construction property developments in Toronto. Pre-construction condos in Toronto might be one of the best investments around, with the selling prices of world-class condos set to increase over the years. With the prices only increasing, you might want to invest and get access as soon as possible.
And, if you want to access waterfront condominium properties on the map, they’re always selling homes and condos overlooking Lake Ontario.
The data of the pre-construction condos that we highly recommend in the Greater Toronto Area are listed below, whether you’re after a pre-construction home project. The price of condos varies, but you can access some popular neighborhoods with condos ready for selling and occupancy like Yonge Street, House of Assembly Condos, King St. West, Queen’s Quay, and Forest Hill. There are also condos on Dupont Street, Eglinton Avenue East, Queen Street East, North York, and Front Street West. You have all the data you need to access below, making it easy to find a new condo, low-rise property, or a home in the neighborhoods.
