Toronto Real Estate, Condos, Condominiums

In a new report from a leading Financial Company (Genworth Financial Canada) and the Conference Board of Canada, Toronto Condos are forecast to increase 2.9 per cent in 2008 compared from 7.6 per cent in 2007.

Toronto median resale prices are expected to rise to 236,351 in 2008, due to the affordability compared to detached homes and semi-detached homes.

Vancouver Condos in comparison are forecast to rise to a median resale price of $346,713 in 2008, an increase of 5.7 per cent.

Vancouver Condos have risen in price by an average 15.4 per cent annually over the last 3 years and are seen to increase 3.5 per cent per year to $389,344 by 2012.

Toronto Condos will continue to offer solid opportunities to all segments of the new and resale market including first-time buyers, move-up buyers and empty nesters. More important new segments of the market like single Toronto female condo buyers are also beginning to enter this exciting market.

Affordable Toronto Condos can be found on my Toronto Real Estate website that includes new and resale Condominiums, Lofts and Homes for sale.

With Toronto Condos slowing down but increasing towards 2012 the savings on the average Condo resale price now should be approximately $38,780.

Average resale Toronto Condo Price:

2007 Forecast $229,708

2008 Forecast $236,351

2009 Forecast $242,254

2010 Forecast $250,623

2011 Forecast $259,507

2012 Forecast $268,488