Recall “500 Bucks Per Foot” we wrote about just recently this year?
Well, the Globe and Mail’s Derek Raymaker thinks $699 PSF is the average downtown Toronto.
Like it or hate it, the market is changing and whichever way you want to look at it, prices are giong up, and fast.
Our experience shows that $430 PSF is not unreasonable, with 600-ish square footers go for $230,000 to $260,000, 700’s at $300,000 (please add $25,000 for parking if a new construction), and junior 500’s in the $225,000 range.
To see the complete article follow this link.
For more information please contact Yossi Kaplan.
Print Edition 13/07/07 Page G3