Many prospective buyers are worried that home ownership may be a far off, unrealistic, or downright impossible part of their future plans. Aside from figuring out the affordability of a detached home or new condo in Toronto, many are wondering if the investment will be worthwhile? Talk of a crash, burst, and bust in the currently booming market has been rampant and many conflicting reports are available. So is property a good place to put your money?
Currently, condo shoppers have dedicated interests and different concerns when it comes to finding the right unit and building in the right area of the city. Multiple factors impact interest and buying trends including income, age, marital status, how long buyers plan to stay, and location, amongst many more. Deciding which factors are most pertinent and important for you will help you guide your search and determine the true value and viability of your investment.
3 Reasons a New Condo in Toronto is a Great Investment
No matter what category you fall into – or if you occupy a space all your own – consider these advantages of investing in Toronto’s booming real estate market:
- Steady Condo Appreciation Factor – Real estate within Toronto is continually on the rise. As Canada’s largest city and an economic centre for the nation, the area remains an attractive, convenient liveable place for local residents, Canadians from all areas, and people around the world. The city limits aren’t expanding, but demand is not going away either. That means a condo can be an attractive long-term investment that is functional today and in the future.
- Security and Amenity Features – The lifestyle of condos provides ease of maintenance, access to community, and an added level of security that detached family homes lack. Convenient and accessible features like patios, barbecues, pools, gyms, and party rooms mean you can enjoy your favourite activities, save on gym membership, and get the most out of your location in the urban centre.
- Options and Flexibility – Toronto is a world-class city. With an airport flying to destinations around the world, demand remains high and ensures that interest is not limited to those living and working in Canada, but also tourists and visitors. Rental options, consistent growth, and a variety of sizes make condos in Toronto a solid investment that will not limit your options going forward.
Check out the luxury condos available at The Davies. Our luxury condo project in downtown Toronto combines the best of condo living with the tranquility of nature and allure of the city. With extensive amenities and a convenient location near transit and the thriving Yorkville neighbourhood, you will enjoy your living space overlooking Robertson Davies Park. The luxury units provide multiple floorplans to suit condo shoppers at different stages of their lives and provide finishes that make your unit feel like home. Walk to the best schools in the area and easily take part in local events and nightlife.
Call The Davies at 647-360-9588 to set up a showing or register now for more information. View our new condos in downtown Toronto and contact our team to learn more about turning your new home into a viable and rewarding investment.