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Jan 24, 2022 · As a result, prices for condos in Toronto have been continuously increasing for many months. The average price for a condo apartment in Toronto in Q3 of 2021 was $726,099, and $689,831 in the GTA, according to the Toronto Regional Real Estate Board. That’s about an 8.9% increase from the same period last year.
Nov 24, 2023 · Prices continue to decline in Cambridge, where you'll find the average-priced condo is $499,200, and $466,600 in Kitchener-Waterloo. According to the report, the top three places in Ontario for ...
Jan 12, 2024 · The median price for an existing condo (or co-op) was $350,100 as of November 2023, according to data from the National Association of Realtors — a sizable savings versus $392,100 for a single ...
Apr 7, 2021 · That's when the average price of a GTA condo fell to $610,000," says Strata Broker of Record Robert Van Rhijn. Noting that the "highly-anticipated drop" came and went quite quickly in late 2020 ...
May 9, 2023 · In cities like Toronto, the micro-condo can be found in modern areas like Liberty Village, St. Lawrence, and King West. These tiny homes can be under 300 square feet yet provide all the comforts without headaches and hefty price tags. Micro condo benefits far outweigh the sacrifices for those with an eco-friendly, budget-conscious mindset.
I'm leaning towards Option 3. Buy a studio or 1 bedroom condo for $450-$500k just to get my foot in the door, rent it out for 2-3 years while I live with my parents and save up, can easily get $1800-$2000 per month from rent that I can use towards mortgage, condo fees, taxes all while the value of condo increases.
Apr 29, 2022 · Plus, however much that property appreciates in the time your child is in school (historical average in Toronto is about 7% a year), that's money that comes back to you. Let’s say you bought a $700,000 condo. 7% of that is $49,000 a year. Multiply that by four years. “Appreciation alone will probably cover tuition – and then some,” says ...
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