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Here’s a quick scan of what to expect with prices these days. We’ve pretty much reached the $500 PSF point and my understanding is that prices will keep rising up gradually throughout 2008. That said, if you are looking to buy and “taking time to save more” this would not work for you, as market appreciation is faster then you can save after taxes.
Conclusion: it’s better to buy what you can afford now, and be realistic about it.
RECENT TORONTO CONDOS SALES & PRICES
SPIRE: 455 SQ. FT. $230,000 - $505 PSF
SPIRE: 1391 SQ. FT. $834,900 - $600 PSF
ARC CONDOS: 413 SQ. FT. $235,000 - $569 PSF
TIP TOP LOFTS: 1,500 SQ. FT. $750,000 - $500 PSF
1 BLOOR: $1,000 PSF
COUTURE BY MONARCH: $500-$600
M5V: $600 - $750 PSF
CITYPLACE WEST ONE N1: $400 - $500 PSF
RADIO CITY BY CONTEXT: $500 PSF
LTD BY MALIBU INVESTMENTS: $500 PSF
EMAIL ME FOR ANY BUILDING YOU ARE INTERESTED IN.
THANKS!
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