Condo Living in Toronto
Toronto Condos market is a global phenomenon of a world-class city with soaring skyscrapers and multi-storey condos because of the record number of immigration to the country. Toronto is a multicultural, diverse mega-city that provides a perfect business environment for companies looking for a competitive edge in the global market. Moreover, it is Canada’s financial and business capital.
Toronto no matter what the name. Whether it be Hogtown, Hollywood North, T.O., The Megacity, T-dot, We The North, The 416 or just simply the 6ix, it’s home – a vibrant, big-time city abuzz with endless activities. Being known, as the largest city in Canada is only one of the things that Toronto can brag about; it is also home to thousands of Condos. The construction of Toronto Condos has really amped up in the past 10 years, which has made the existing skyline quite exciting. The revitalization of the Downtown Core, due to the Condo boom, has once again made The Waterfront the place to be. Previously unloved and unused areas, like the far east corners of The The Distillery District, are now home to thousands of people.
Toronto Transit Options
Toronto is also rated as one of the top global cities with economic clout, only behind New York. It’s a global centre for finance, business, arts and culture, and it is consistently ranked one of the world’s most liveable cities in the world. Toronto is one of the most accessible cities in North America. The TTC (Toronto Transit Commission) is a great option to get in and around the city. Toronto has North America’s third largest public transit system after New York City and Mexico City. Another advantage is to use the PATH system, which is the largest underground pedestrian walkway in North America. It connects 1200 restaurants and stores, approximately fifty office towers, twenty parking garages, six subway stations and a railway terminal over its; 28 km span. Each letter in PATH embodies a different colour, each representing a direction. The P is red, which represents south. The orange A directs pedestrians to the west, while the blue T directs them north. The yellow H which points to the east.
Toronto as world’s Megacity
At present, there are roughly 2000, condos in Toronto, in various forms such as highrise, lowrise and condo townhomes, and that number is growing all the time. The real estate market is the hottest in the country with an average of 4000 plus Toronto condos for sale at any given time. Over the past 10 years the average price per square foot in Toronto Condo resale figures has steadily risen and at times outperformed the TSX, making Toronto Condos a strong investment. With new condos going up on a regular basis, this means the creation of exciting new areas of the city to check out. The condo boom has helped the city in more ways than one, with new restaurants and shops opening all the time in neighbourhoods that were once at a crossroads.
It is projected that by 2020, Toronto will have the most high-rise condominiums in the world. Young single professionals between the ages of 25-35 prefer the downtown core as their desired location to live; exactly where the city’s condo market has exploded over the last decade. There is an abundance of new pre-constructed condos for sale, and this will add to Toronto’s growth, competitive edge and quality of life. For those who love big cities like New York and Los Angeles but with less crime, Toronto is a great fit.