Affordable Toronto Condos up for grabs!

In a recent survey from a leading Financial Company i cooperation with the Board of Canada, Toronto Condos are set to increase 2.9% in 2008 compared from 7.6% in 2007.

Median resale prices are expected to go up in 2008, due to the reasonable prices compared to detached homes and semi-detached homes. Vancouver condominiums in comparison are expected to rise to a median resale price of $346,713 in 2008, an increase of 5.7%. Vancouver Condos have risen in price by an average 15.4% every year over the last 3 years and will likely increase 3.5 per cent per year to $389,344 until the year 2012.

Condominiums in Toronto will continue to offer sound opportunities to all segments of the new and resale market including first-time buyers and empty nesters. More importantly, new segments of the market like single Female prospective Condo Buyers are also beginning to enter the exciting market.