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condos for sale in toronto

The end of the COVID-19 pandemic is impacting Toronto's condo market significantly, with data showing that units are now more expensive than they were in the past few years.

Bullpen Research & Consulting Inc and TorontoRentals.com report that this August, on average, landlords and owners were asking for $2,963 per month to lease a condo in the city. This marks a 43% increase from the $2,100 per month residents were paying in 2021.

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Is Toronto your ride-or-die? Are you looking for a way to put roots down in the 6ix without winning the lottery? Are you sick of being baited by questions? Well, then. Let's look at condos.

According to Strata, the city's condo market has dropped by 9% since February, a shift that has sellers willing to negotiate. As a result, buyers are now routinely paying almost 2% under asking, whereas 6 months ago, they were paying 10% over asking.

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Fans of the series Suits will be happy to know that the infamous closer Harvey Specter's apartment is up for the sale in Toronto.

The two-bedroom, elevator-accessed space is just under 3,000 square feet, and while the decor and New York City skyline from the nine-season series may not be there, the bones of the apartment are still recognizable.

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If you had the displeasure of dipping into Toronto's condo market in 2020, you probably remember it as a pretty soul-crushing place to explore.

However, according to Strata, a Toronto-based real estate agency, the 6ix's real estate market is actually starting to chill out a bit, offering first-time home buyers a chance to view 416 condos differently.

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So, Toronto rent prices are rising again, but it could end up being a good thing? Weird.

According to Liv's July 2022 Toronto Rent Report, the average rent prices for unfurnished one-bedroom apartments in the GTA rose by $14 in July, bringing the total up to $1,959.

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