Toronto Real Estate – Sharon Luft

Real Estate is one of the oldest and best investments.    Toronto is one of the best choice cities to invest in Real Estate and condo’s are at the top of the pile.   Condominiums  make up 40%+ of all real estate sales in the GTA.  The short answer to this is the demographics in Toronto.  According to the 2006 census, Ontario is the province of choice for more than half (52.3%) of the 1.1 million newcomers who arrived in Canada in the last 5 years.  Of that, 68.3% chose the Greater Toronto Area as their new home.  With Its economic strength, Toronto is seen as the land of opportunity for many of these immigrants, and home ownership is a dream.  Even for those who were born and raised in Canada, to purchase a home in the Greater Toronto Area for under $400,000, it has to be a condo.  Condominium living also offers convenience, with close proximity to public transit it makes getting around the city without a car very easy.  Many condos are located within walking distance to shopping and recreation which is also a big plus.  Many renters prefer to rent in a condo building than an apartment; this is recognized by many save real estate investors.  Check here for new condo projects!