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HIGH EXPECTATIONS
When we look at our prices in perspective of price per square foot, we are considerably inexpensive. This among a few other reasons attract foreign investors
Global Condo Prices - Compared with other parts of the world, Toronto's newly built condominiums are relatively inexpensive
These are the average prices per square foot in the major international cities around the world
1. London ---- $6,200 per SQ FT--------prime locations and buildings $11,800 per SQ FT
2. Monte Carlo - $3,600-----------------Prime locations and buildings $10,600
3. Hong Kong --- 2,050-----------------Prime locations and buildings $7,050
4. Moscow ------- 2,200-----------------Prime locations and buildings $6,500
5. New York ----- 2,550-----------------Prime locations and buildings $6,000
6. Los Angeles -- 2,100-----------------Prime locations and buildings $5,200
7. Dubai -------- 1,600-------------------Prime locations and buildings $4,100
8. Paris -------- 1,500-------------------Prime locations and buildings $3,100
9. Tokyo -------- 2,100-----------------Prime locations and buildings $2,550
10.Sydney ------- 1,500-----------------Prime locations and buildings $2,500
11.Madrid/Barcelona 1,400---------------Prime locations and buildings $2,200
12.Singapore ---- 1,150-----------------Prime locations and buildings $2,000
13.Toronto ------ $500------------------Prime locations and buildings $1,400
Source: CB Richard Ellis
Toronto Real Estate is Affordable
Toronto is more affordable to more people than in any other international city, which is what makes it so unique. Look at any other major city in the world and there is no way a young professional could afford anything comparable to what they can purchase in downtown Toronto. In fact most young professionals would not be able to get into the market at all!
The Super Rich Are Investing in Toronto!
At One Bloor East, your $25 million buys 7,500 square feet on the 80th floor. The buyer was sold on the five outdoor terraces and the 12-by-20-foot indoor infinity pool that seems to vanish into the skyline as it runs up to a floor-to-ceiling glass plated wall.
Shnaider's pad at the Trump building in the city's financial district, meanwhile, could be as large as 14,000 square feet with soaring, nine metre ceilings in some parts, tall enough that he might "put an observatory up there," he has joked.
Toronto is considered the most active condominium market in North America, with 290 projects tracked in the second quarter of 2008, according to research firm Urbanation. That compares with 247 projects last year, which was a record year for sales.
Source: Tony Wong - Business Reporter
Toronto,Ontario,M5S 2B4
Canada
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