Friday, 2 January 2015

Toronto Condos Shrinking

Toronto condos have been shrinking inside previously condos were averaging about 929 where feet that was in 2009; now in 2014 last year that we have records for condos (new) are averaging about 812 square feet so they have come down considerably than what they were in the past.

The Downsizing of the Toronto Condo Market.

The GST impact the new condo market condo cost increase as the unit size gets bigger so in the downtown core where you might have a larger unit and the condo has a constant about $455,000 that doesn't include any of the monthly maintenance then when you include the gst/hst the price of that kind of man rise to about $600,000 this acts as a serious deterrent two people purchasing new condos.


No comments:

Post a Comment