The Best Neighbourhoods Are Now Even More Exclusive
Pressure on the Toronto real estate market and continued inventory scarcity has led coveted neighbourhoods in Toronto to become that much more exclusive. These types of neighbourhoods are all about the large and impressive ‘forever home’. This typically means buyers don’t move very often.
While we have recently seen a number of downsizers choose to leave, inventory in these neighbourhoods is still tight. The Toronto real estate detached market in general is tight, the detached Toronto luxury home market is especially tight. Prices in these luxury markets have outpaced salaries so much so that only a certain income bracket can afford to live there.
Luxury Detached Sellers Are Choosing To Downsize
These coveted Toronto neighbourhoods continue to hit record sale prices and many downsizers are deciding to take the money and rather than leave — the neighbourhood that is, they find large family-sized condos nearby to move into.
Large Family-Sized Luxury Toronto Condos
As we mentioned above, there are very few large family-sized condos being added to the market. If you’re a family in the move-up market looking for space, you will be able to find space, amenities and finishes fit for a proper home in many of the luxury condos across Toronto. Whether you’re a party of two or a party of five large family-size luxury Toronto condos will become one of the few suitable options in the near future.
Luxury condos in older buildings in some of the most affluent neighbourhoods in Toronto have set strong price per square foot precedence at over $2000. These buildings are old, outdated and require renovation. But they command a strong price point because of their large floor plans space and their proximity to coveted neighbourhoods.
Luxury Pre-Construction Toronto Condos
When you’re purchasing luxury pre-construction you’re purchasing a brand new product often purchasing at or below value on the resale market. Of course, every pre-construction Toronto condo is different just like every neighbourhood is different. Reach out and book a call if you need a real estate partner that will help source you the right opportunities.
Our Favourite Pre-Construction Launches with Large Floor Plans
For the best pre-construction Toronto condos, you’ll want to check out this blog that’s always up to date on our latest Platinum Launches. From the best-priced projects to the most notable architecture we cover it all.
The Best Luxury Condos in Toronto
For the best luxury preconstruction and resale condos in Toronto, you’ll want to check out this blog. From move-in ready luxury Toronto condos to the finest condo hotel residences, this article covers it all.