“Don’t buy that box in the sky” they said. “Who wants to live in a tiny shoe box” they said. “What a terrible investment” they said. Well, this can be true in some Toronto neighbourhoods but these are the 5 and only Toronto neighbourhoods where Condos are selling faster than houses.
High Park North
High Park North is one of the most desirable neighbourhoods in Toronto and as you can imagine most home Buyers are quickly being priced out of the Freehold market and considering family sized condos instead. Well, with an average price per square foot well under $600 you can find larger apartments in High Park North for a great price so very close to the best park in Toronto. Condos here are selling quicker than houses regularly so if you have one to sell, now would be a great time to reach out (use our live chat below).
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High Park Swansea
Condos haven’t been super popular in High Park Swansea until recently and even with 85 condos currently on the market and only 5 houses Condos are still trading 38% faster here than freehold houses. With an average price per square foot much lower than other popular Downtown Toronto neighbourhoods, High Park Swansea is a good option for anyone.
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Roncesvalles
Roncesvalles aka Roncy has some pretty cool condos and lofts. It’s no surprise these apartments are outperforming Houses daily. Roncesvalles condos are trading 78% faster than houses on average which is a massive number considering how in demand Roncesvalles houses are right now. Owners of these apartments are putting fat cheques in the bank after their sales, that’s for sure.
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South Riverdale
South Riverdale includes super hot Leslieville & Riverside and is home to some of Toronto’s best lofts and condos so we’re not shocked at the data here. Lofts here are gone within days (and so are houses) but even with condo inventory outnumbering houses 2.5:1, condos and lofts are still selling 70% faster than houses in this super hot neighbourhood. This is even with loads of new inventory coming online as local new developments come to completion.
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Trinity Bellwoods
Home to drum circles, bocce courts, and some of Toronto’s most enjoyed nightlife Trinity Bellwoods is where everyone wants to be. Condos in Trinity Bellwoods are flying off the market 74% faster than houses. That’s a big number and proves that people of all ages and income levels appreciate this community. If you’re looking for a deal Trinity Bellwoods is not the right place for you but if you’re looking for a community where you’ll never be bored, this is the place for you.
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