New buildings in Toronto
City on the map
Toronto is the largest city in Canada, the administrative center of the province of Ontario. It is part of the "golden horseshoe" - a densely populated region around the western part of Lake Ontario.
Why is it profitable to buy apartments in Toronto in the new buildings?
Toronto is not only an important business, industrial and scientific center of the country, it is considered the engine of the economy, one of the leading metropolitan areas, which contains about a sixth of all jobs. It produces power equipment, operates an oil refinery, and has developed nuclear power and food industries (the city is home to the headquarters of the largest North American bakery company, George Weston).
When it comes to the architecture, it is often compared to New York, and the old narrow street of Bay Street that crosses the business part of the city is called the Canadian Wall Street.
Toronto is a multinational city (you can find representatives of the cultures of almost all nations of the world) with a high standard of living, where, unlike most other megacities, there are no slums.
The transport infrastructure is at the highest level, the city public transport system is well developed, there is a subway and the international airport.
There are many picturesque parks in Toronto, where people can walk and chat with friends. The city is a major international cultural center, where the world's leading artists stay during their tours and for whom concert halls and theaters are open.
Toronto is located in the continental climate zone, characterized by warm, humid summers, prolonged moderately warm autumn and cold winters. All seasons of the year are clearly defined.
Toronto's primary real estate market is incredibly dynamic and even close to overheating, according to some experts. Residential complexes in Toronto combine apartments of different classes from economy to elite. New buildings in Toronto from the developers are being built using modern technological developments, builders receive good reviews about the quality. The sale of apartments from developers is often carried out on installment terms, the proximity of the necessary infrastructure to the housing object is provided.
Investments in new buildings in Toronto bring significant income (rent, resale). You can buy apartments from the developers in Toronto based on almost any need, limited only by material capabilities. The cost per square meter in new buildings is high. Although you can find a moderate option (according to the standards of Canada). According to the information provided by the real estate search engine GEOLN.COM, the minimum price per square meter in an apartment in turnkey condition is 3,250 USD.
Features of purchasing apartments in Toronto from developers by foreigners
The purchase of real estate by non-residents of Canada is carried out under the same conditions as for Canadian citizens. The exception is made for the state-defined recreational areas.
Highlights of the city
- TV tower CN Tower;
- Osgood Hall Courthouse;
- Kassa Loma mansion;
- the building of the municipality;
- Art Gallery of Ontario;
- Royal Ontario Museum;
- Boldwin Stairs;
- indoor stadium Rogers Center;
- Hockey Hall of Fame;
- Toronto Island;
- Gibraltar Point lighthouse;
- Kensington Market.
- It is interesting to visit the underground city, which houses shops of famous brands and designers, cafes with cuisine from different countries of the world, small park areas.
From mid-July to early August, you can witness the vibrant Caribana festival.
Where is the best place to buy property in the new buildings of Toronto?
The forecast of some experts about the possible loss of popularity of real estate located in the city center and the transfer of this interest to real estate located far outside the city did not come true. It was assumed that large companies will close their offices due to the transfer of most of the employees to work remotely from home. But it turned out that many companies are not going to switch to such a format of work, believing that this will inevitably affect the performance, since it is important for young personnel to communicate personally with experienced employees.
Thus, those who believed that the city center and areas with good transport accessibility to it will still remain in demand areas, turned out to be right.
There was also no drop in prices for condominiums in new buildings. Because of the fear of a rise in price, potential buyers tried to urgently purchase properties in new projects.
Purchasing an apartment in one of the new buildingsin Toronto is a profitable investment in a dynamically developing market and a promising investment in a city of economic and personal freedom. It will consistently generate passive income while maintaining a high quality of life.
Prices per sq. m. in popular districts of Toronto
|North York||9500$ / m2|
|East York||6860$ / m2|
|Kensington Market||9800$ / m2|
|High Park North||8420$ / m2|
Prices for new buildings near metro stations in Toronto
|Queen||6500$ / m2|
|Dundas||6500$ / m2|
|Union||6500$ / m2|
|Queen's/Park||8680$ / m2|
|King||6500$ / m2|