The condo market in Toronto is booming. Developers, economists and agents alike are all describing it as “robust,” “strong,” and “crazy good.” The city is finally catching up to the rest of the world in terms of real estate value, and it’s about time you see for yourself why more and more people are choosing to move to Toronto and buy a condo there.
Here are 5 reasons why you should get yourself your own condo in Toronto:
1. There Are Options for Everybody
Numerous condos are being constructed and put up for sale almost every day in different neighborhoods in the city. You can take your pick of a condo that’s going to be suited to the type of life you lead. Are you the type who want to escape the hustle and bustle of the city, but still want the convenience of being just 20 minutes away from it all?
Then a condo in The Beaches is right for you. Do you want to live a unique and interesting lifestyle near coffee shops, yoga studios and a farmers market? Then you might want to check out a condo in Cabbagetown. With all the choices available for every type of discerning buyer, there’s bound to be one that’s right for you.
2. You Get to Live in a World Class City
Toronto was the fourth most liveable city in the world according to the Global Liveability Report. It’s also known as Canada’s tech hub and has been dubbed the “Silicon Valley of the North,” aside from being ninth in the Top 30 Future-Proofing Global Cities in the World, ahead of Tokyo, Sydney and Berlin. With those types of credentials, you can be sure that living in Toronto is something you won’t regret.
3. A Lot of Condos Can Be Found near Amenities
The convenience that you can get from living near plenty of amenities can’t be undermined. Schools, offices, shopping malls, restaurants, bars and train stations are all just a stone’s throw away from most condos, making it easier for you to go around the city without being too far away from the comfort of your own home.
4. A Condo Is a Great Long-Term Investment
The Toronto condo market has been described as a healthy, stable market with a massive potential for growth. With low vacancy rates and high rental prices, buying a condo is more practical than renting one. And with the demand for real estate being on the rise, the appreciation factor of your condo is also something that will definitely go up, making it an attractive investment for both your present and future needs.
5. Buying a Condo Is Easy
With friendly real estate policies, buying a condo in Toronto has never been easier. Once you find a reliable agent, you can easily buy a condo today and move in to your new home a couple of days later. Payment schemes are also flexible, and property taxes are more affordable compared to other global cities.
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